Exam 17: Managing Information

The Food and Drug Administration (FDA) could use data it has collected from millions of suspected drug-related adverse event reports and other electronic medical information to identify a pattern of adverse drug events in a specific population. This data collected by the FDA would be held in a(n) ____.

Which of the following is one of the critical issues companies need to address in order to sustain a competitive advantage through information technology?

It is important to understand that DSS programs should not replace managerial decision making.

A manufacturer of pharmaceuticals can access information about its sales and share new product information with drug store chains through the use of ____.

Data mining is the ____.

A system that requires employees to scan their thumbprints as they start work is called a(n)___________.

The first airline that used technology to allow passengers to buy their plane tickets and reserve their seats online had a first-mover advantage.

A company developed a(n) ____ to allow its more than 50 department heads and executive managers to use a Web browser to view sales results and distribution plans with a single click..

Which of the following statements about data mining is true?

Although firewalls can protect personal computers and network services connected to the corporate network, people away from their offices who interact with their company networks via the Internet face a safety risk. Which of the following technologies has proven to be an inexpensive solution to this problem?

The first company to use new information technology to substantially lower costs or differentiate products or services often gains ____.

Extranets are used to handle organizational transactions with suppliers and distributors.

____ occur in data mining when two or more database elements occur together in a significant pattern, with one of the elements preceding the other.

In the process of capturing information, ASCII text is generated by ____.

The term data mining refers to the process of discovering unknown patterns and relationships in large amounts of data.

Assume that, as a member of the student governing body at your college or university, you have unlimited resources to tackle a challenge that has been posed to you by students, some faculty, and the administration at your school: develop a database that will allow students to identify the quality of instructors before signing up for their courses. Using this challenge as a running example, differentiate between raw data and information. Then identify and discuss the characteristics and costs of useful information as they apply to this challenge.

According to ____, the cost of computing will drop by 50 percent as computer-processing power doubles every 18 months.

Using ____ data mining, the user usually begins by telling the data mining software to look and test for specific patterns and relationships in a data set.

The key to sustaining competitive advantage is ____.

The two basic methods of capturing information are ____.