Exam 17: Managing Information

The two basic requirements for a good electronic scanner are:

Which of the following statements defines storage cost?

Prodeff, an online project management software, is available at a price of $1 per use. The software requires the user to enter the initiation date, the number of resources, the time allotted to each resource, the cost per resource, and the number of tasks in the project. Based on the input provided by the user, the software determines the duration of the task and the total cost of the project. In this scenario, the cost incurred by users while using Prodeff is the _____.

In the context of capturing information, _____ represent numerical data by varying the thickness and pattern of vertical lines.

Magnet Dot, a printer manufacturing company, set up a website to enable its customers to place orders online. It 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, Magnet Dot has to pay $100,000 annually for fast Internet access. In this scenario, the cost that Magnet Dot incurs is an example of _____.

Richard wants to share his hand-written class notes with Nick via email. In this scenario, which of the following can help Richard convert the notes into digital images so that he can share them via email?

_____ is the prediction that about every two years, computer processing power would double and its cost would drop by 50 percent.

TolTel Inc., an information technology firm, has created a network that allows its employees to easily access, share, and publish information using Internet software. The website has a firewall that separates the internal company network from the Internet, permitting only authorized internal access. It is evident that the network created by TolTel Inc. is a(n) _____.

TEFCO, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. The microprocessors made using this new process have higher computing power and clock speed than other processors available in the market. Although the new process has made TEFCO the industry leader, there is a threat that competitors will be able to match this feat in the near future. It is evident that TEFCO has achieved _____.

In the context of protecting information,__________means making sure users are who they claim to be.

In the context of accessing and sharing information,__________are private company networks that allow employees to easily access, share, and publish information using Internet software.

Accel Techs, an information technology firm, recently invested $50 million to construct a data center that can keep all its data securely. In this scenario, the cost incurred by Accel Techs is an example of _____.

Lailey Tech, a global customer service provider, spent $250 million on a new data center to keep its data safe at a single location. In this scenario, the cost that Lailey Tech incurred is an example of _____.

The goal of executive information systems is to provide accurate, complete, relevant, and timely information to managers.

Oreva, a multinational corporation, pays $100,000 per year to an information technology firm to archive and secure all of its data into the information technology firm's cloud platform. In this scenario, the cost incurred by Oreva is an example of _____.

Sumptuous Supermarket has large amounts of data about its customers. To understand customer buying behavior, the company uses a process that automatically discovers connections in the collected data. Through this process, the company learns that people who buy carbonated drinks, typically also buy a pack of salted snacks. As a result, the manager of the supermarket places carbonated drinks near the shelf with chips and pretzels. In this scenario, Sumptuous Supermarket has most likely used _____.

Colbert Solutions, an electronic equipment manufacturer, recently manufactured a new digital soil moisture meter for the farmers in Lucitona. The equipment measures the moisture content in soil and also states the amount of water that needs to be added to the soil. After collecting the readings from the equipment, the farmers added the exact amount of water indicated by the meter; however, this led to waterlogging-saturation of soil with water. It can be concluded that the information provided by the digital soil moisture meter was _____.

Cosmo Techno, a new technology firm, invested $50,000 to obtain high-speed Internet services for fast and efficient transmission of information across its branches. In this scenario, the investment cost incurred by Cosmo Techno is an example of _____.

Kanska, an application development firm, received a contract to develop a mobile application for a company. The brief mentioned that the application should enable employees to share up to 30 files at a time from anywhere within the company. After delivering the application, the client informed Kanska that its employees were not able to share more than 20 files at a time. After analyzing the situation, Kanska replied that the application could only transfer files with a total size of up to 2 gigabytes. The application was built with regard to the number of files that can be sent and not built according to the size of each file. In this scenario, it is likely that the client faced the issues with the application because the information it provided to Kanska was _____.

Charlie's Haven, a retail store, conducted a survey on how long a customer waits in a billing queue. Based on the results of the survey, the company decided to add more number of employees in the billing counters. While checking out of its store, Charlie's Haven asked all its customers to fill a form stating the time they spent standing in the queue. All customers reported that they waited for two, five, or ten minutes. About 90 percent of the customers reported that they waited for ten minutes. Based on the results, Charlie's Haven added five cash counters to its existing 20 cash counters. After a month, the management realized that the store had more cash counters and employees than required. Which of the following is most likely the reason for the loss incurred due to overemployment in the store?