Exam 17: Managing Information in a Global World

What happens to create a data cluster?

Moore's law accounts for the rapid increase in power and reduction in both size and price of computer equipment over the past 35 years.

A large metropolitan hospital wished to keep track of wheelchairs,gurneys,and other expensive equipment that regularly disappeared from inventory because some hurried employee put it in a closet or elsewhere for safekeeping.What could the hospital use to locate and recover missing property?

By examining checkout data,supermarkets have learned that people who are buying non-alcoholic beer typically also buy a bag of salty snacks.As a result of this finding,supermarkets often place displays of non-alcoholic beer near the chips and pretzel aisle.Which of the following activities would help supermarkets with this strategy?

According to the resource-based view of information technology,sustainable competitive advantage occurs when information technology adds value,is different across firms,and is difficult to create or acquire.

The key to sustaining a competitive advantage is using information technology to continuously improve and support the core functions of a business.

Which two critical steps are required to make sure that data can be accessed by authorized users and no one else?

What are intranets?

Just a teaspoon too much or too little of a single ingredient can turn a great cake into a mediocre cake.The ability to know just how much to add,how long to stir,and how the cake should smell when cooked is a skill that a long-time baker would have.Which of the following can help others capture this specialized knowledge?

Cassie is able to send images from a trade magazine via email from her office in Ottawa to a team member working in Japan.What is Cassie using to capture the images from the magazine?

What is the term for an information system that helps managers understand problems and potential solutions by acquiring and analyzing information with sophisticated models and tools?

Through which of the following can a manufacturer of pharmaceuticals access information about its sales and share new product information with drug store chains?

Why is knowledge important?

Scott works in the internal audit department of a government ministry.Scott's primary role is to ensure the data collected for audit is accurate and can be easily retrieved by the audit software the department uses.Scott must also ensure that only audit personnel can access the data.What role does Scott fulfill for the internal audit department?

Which of the following uses a standardized format to describe data from one company in such a way that those data can automatically be read,understood,and processed by different computer systems in another company?

Data mining often reveals data clusters where three or more database elements occur together.

Moore's law refers to the prediction that every 18 months,the cost of computing will drop by 50 percent as computer-processing power doubles.

Michelle is the owner of a large chain of successful department stores.One reason for her success comes from the supply chain system.When a customer purchases an item from a store,the supplier is able to know immediately if the safe stock level has been reached.If it has,a shipment of product is sent immediately and directly to the store.This allows Michelle to dedicate more space to retail and less space to storage.What technology enables Michelle to have such a supply chain system?

The primary difference between raw data and information is meaning to the user.

Which type of data mining usually begins with the user telling the data mining software to look and test for specific patterns and relationships in a data set?