Exam 17: Managing Information

Dextron Customs, a custom automobile shop, received an order for a customized motorcycle. The client specified that it needed a motorcycle with an 800 cc engine that delivered at least 70 PS power. Since the client did not provide details about the number of cylinders required in the engine, Dextron Customs chose to include a two-cylinder engine. Although the motorcycle was made as per the specifications provided by the client, the client was not satisfied because it featured a two-cylinder engine instead of a four-cylinder engine. In this scenario, the most likely reason for the client's dissatisfaction with the product is that the:

Matt goes to an Internet café and tries to access his emails. The email client asks Matt to enter his email address along with the password associated with it. By asking for the email address and the password, the email client is _____ Matt.

Which of the following statements is true of knowledge?

Data mining is the process of discovering patterns and relationships in large amounts of data.

The two critical steps required to make sure that data can be accessed by approved users and no one else are:

Which of the following is a difference between an executive information system (EIS) and a decision support system (DSS)?

Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff Corp., to obtain the proven technology required to establish this system. In the context of the costs of useful information, Innove Tech incurred _____.

Bramo Courier Services has set up an extranet website to enable its customers to place orders directly. It has also set up an intranet website to enable its employees to convey order and shipping information to the relevant departments within the firm. However, to ensure effective and smooth exchange of information, Bramo Courier Services has to pay $100 million annually for Internet access. In this scenario, the cost that Bramo Courier Services incurs is an example of _____.

Cameron Mart conducted a survey to determine the number of shopping baskets required for its supermarket to function in a smooth manner. The survey required customers to provide data regarding their most frequently purchased items, the quality of service provided by the supermarket's staff, and the ambience of the supermarket. However, Cameron Mart failed to determine the number of shopping baskets required on a daily basis. This is because the information provided in the survey was _____.

While unlocking his smartphone, Dave was prompted for his password. He had, however, forgotten his password and hence was not able to access his smartphone. By asking for the password, the smartphone is _____ Dave.

Global Networcks has processed and archived a large amount of data on its servers. Due to technical faults in its servers, it could not access the data. The company had to pay $300,000 to external technicians to regain access to its data. The cost incurred by Global Networcks is an example of _____.

Omaco, a technological firm, recently invested $20 million to design a data system that can access the already-stored information in the company servers at a higher speed than previous data systems. In this scenario, the money invested in the data system can be considered to be_____.

Skoot, an e-commerce startup company, recently paid $300,000 to Widget Corp., a company that provides Internet services and products including cloud computing and online searches, to gain access to the data regarding online product searches. In the context of the costs of useful information, it can be concluded that Skoot incurred _____.

Which of the following statements is true of electronic data interchange (EDI)?

Zuze, an information technology firm, recently developed a data compression system. By virtue of this system, the company can compress and store more data in its cloud than any of its competitors, without affecting the quality of the data. Although the data compression system can be acquired by other companies in the future, it has presently enabled Zuze to compress and store its data in a more economical manner than its competitors. It is evident that Zuze has achieved _____.

A firm can establish a sustainable competitive advantage over competitors if:

The three kinds of information technology used by officials, managers, and workers inside a company to access and share information are:

By analyzing ticket sales, the managers of a soccer stadium discovered that sales increased by almost 80 percent in the seasons it held an open house prior to the opening game and allowed people to view the game from the box seats. In the context of data mining, the management discovered a(n) _____.

After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percent increase in the number of people using cab services on rainy days. In the context of data mining, the Transport Authority of Lucitona discovered a(n) _____.

Chenrezic Music Stores, a chain of musical instrument stores, is trying to improve its customer service. While examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this scenario, the use of data mining to find better ways to improve customer service has also led to the discovery of a(n) _____.