Exam 18: Used Advanced Information Technology to Increase Performance

A knowledge management system is a company-specific virtual information system that systematizes the knowledge of its employees and facilitates the sharing and integrating of their expertise.

A(n) _____ is a formal series of global strategic alliances that one or several organizations create with suppliers, manufacturers, and distributors to produce and market a product.

The greater the accuracy and reliability of information, the higher is the quality of information.

A boundaryless organization is an organization composed of people linked by IT.

Information from inside the organization is sufficient for managers to make effective decisions.

Information that constantly changes to correspond to current conditions is called _____ information.

Members of a _____ are linked to an organization's centralized database by computers, faxes, computer-aided design systems, and video teleconferencing and who rarely, if ever, see one another face-to-face.

Briefly explain the four factors that determine the usefulness of information to a manager and define real-time information.

Data that are organized in a meaningful way are known as:

Data are more useful to managers than information.

Define data and information and say something about their importance to managers. With an example, differentiate data and information. Author: Asking students to define "its" importance to managers will likely confuse them. You need to specify "its" and tell students what to do-likely not "define." I wrote in an example revision. Please revise.

The demand for a product is minimal during the embryonic stage of a product's life cycle.

Which of the following statements is true about excessive layering in hierarchy?

What is a computer network? Briefly explain the different components of a network.

A _____ is an Internet-based trading platform set up to connect buyers and sellers in an industry.

Microsoft Excel, a computer program which uses spreadsheets, charts, and databases, is an example of application software.

Management information systems came into existence during the computer age.

Which of the following decisions is most likely to be made by top managers?

A(n) _____ system is a sophisticated version of a decision-support system that is designed to meet the needs of top managers.

List and briefly explain the different stages of a product life cycle.