Question 1

_____ is the general term used to describe the massive amount of data available to today's managers.

Accepted Answer

The answer of _____ is the general term used to...

Question 2

Which of the following questions relate to data quantity?

Accepted Answer

A)  What data is needed to compete on analytics and to meet our current and future goals? 
B)  Can we even get the data we'll need? 
C)  How much data is needed? 
D)  Where will the systems be housed? 
E)  How should the firm handle security and access? 
A)  What data is needed to compete on analytics and to meet our current and future goals? 
B)  Can we even get the data we'll need? 
C)  How much data is needed? 
D)  Where will the systems be housed? 
E)  How should the firm handle security and access?

Question 3

What is data mining? What are the key areas where businesses are leveraging data mining?

Accepted Answer

Data mining is the process of using comp

Question 4

How has Wal-Mart leveraged information technology to become the world's largest retailer?

Accepted Answer

Wal-Mart demonstrates how a physical pro

Question 5

_____ is a language used to create and manipulate databases.

Accepted Answer

Structured

Question 6

What is Wal-Mart's motivation for sharing data with its supply partners?

Accepted Answer

A)  Creating switching costs for suppliers 
B)  Lowering prices of products 
C)  Achieving maturity in the American market 
D)  Countering the accusations of union activists 
E)  Deflecting criticism for ruining local mom-and-pop stores 
A)  Creating switching costs for suppliers 
B)  Lowering prices of products 
C)  Achieving maturity in the American market 
D)  Countering the accusations of union activists 
E)  Deflecting criticism for ruining local mom-and-pop stores

Question 7

Data used in OLAP reporting is usually sourced from standard relational databases.

Accepted Answer

A) True 
 B)False

Question 8

Why do many organizations have data that cannot be converted to actionable information? What are the hurdles faced by firms that attempt to query transactional databases?

Accepted Answer

Despite being awash in data, many organi

Question 9

_____ provide regular summaries of information in a predetermined format.

Accepted Answer

A)  Ad hoc reporting tools 
B)  Dashboards 
C)  Data cubes 
D)  Canned reports 
E)  Expert systems 
A)  Ad hoc reporting tools 
B)  Dashboards 
C)  Data cubes 
D)  Canned reports 
E)  Expert systems

Question 10

One of the factors that complicates the elimination of legacy systems is the:

Accepted Answer

A)  costs associated with breaking extended vendor or outsourcer agreements. 
B)  low market value for outdated hardware and software. 
C)  absence of regulatory mechanisms to handle the efficient disposal of legacy systems. 
D)  unavailability of suitable data porting methods to offset data redundancy. 
E)  frequency at which technology improves as per Moore's law. 
A)  costs associated with breaking extended vendor or outsourcer agreements. 
B)  low market value for outdated hardware and software. 
C)  absence of regulatory mechanisms to handle the efficient disposal of legacy systems. 
D)  unavailability of suitable data porting methods to offset data redundancy. 
E)  frequency at which technology improves as per Moore's law.

Question 11

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

Accepted Answer

A)  Logistics 
B)  Feefighter 
C)  Business intelligence 
D)  Electronic trading 
E)  Big Data 
A)  Logistics 
B)  Feefighter 
C)  Business intelligence 
D)  Electronic trading 
E)  Big Data

Question 12

The question, "Can we even get the data we'll need?" is related to data hosting.

Accepted Answer

A) True 
 B)False

Question 13

In database systems, a row is also known as a _____.

Accepted Answer

A)  table 
B)  column 
C)  key 
D)  record 
E)  field 
A)  table 
B)  column 
C)  key 
D)  record 
E)  field

Question 14

Data are raw facts that must be turned into information in order to be useful and valuable.

Accepted Answer

A) True 
 B)False

Question 15

Most transactional databases are not set up to be simultaneously accessed for reporting and analysis. As a consequence:

Accepted Answer

A)  navigational databases are being preferred over transactional databases. 
B)  data is not efficiently transformed into information. 
C)  firms prefer to outsource data mining operations to third-party firms. 
D)  analysts no longer port data to data warehouses or data marts. 
E)  most firms incur additional expenditure to phase out legacy systems. 
A)  navigational databases are being preferred over transactional databases. 
B)  data is not efficiently transformed into information. 
C)  firms prefer to outsource data mining operations to third-party firms. 
D)  analysts no longer port data to data warehouses or data marts. 
E)  most firms incur additional expenditure to phase out legacy systems.

Question 16

_____ are model building techniques where computers examine many potential solutions to a problem, iteratively modifying various mathematical models, and comparing the mutated models to search for a best alternative.

Accepted Answer

A)  Expert systems 
B)  Ad hoc reporting tools 
C)  Iterative mutations 
D)  Sampled alliterations 
E)  Genetic algorithms 
A)  Expert systems 
B)  Ad hoc reporting tools 
C)  Iterative mutations 
D)  Sampled alliterations 
E)  Genetic algorithms

Question 17

Firms that base decisions on hunches are said to be gambling, not managing.

Accepted Answer

A) True 
 B)False

Question 18

Describe "database," "DBMS," and "SQL."

Accepted Answer

A database is simply a list or several r

Question 19

Customer lifetime value represents:

Accepted Answer

A)  the portion of income spent on leisure by a customer over the course of his lifetime. 
B)  the increase in the purchase of current goods and services that results from an increase in income. 
C)  a customer's assessment of the value of the brand, above its objective value. 
D)  the present value of the likely future income stream generated by an individual purchaser. 
E)  the tendency of a customer to stick with a brand even when it is priced higher than an otherwise equal product. 
A)  the portion of income spent on leisure by a customer over the course of his lifetime. 
B)  the increase in the purchase of current goods and services that results from an increase in income. 
C)  a customer's assessment of the value of the brand, above its objective value. 
D)  the present value of the likely future income stream generated by an individual purchaser. 
E)  the tendency of a customer to stick with a brand even when it is priced higher than an otherwise equal product.

Question 20

_____ is a class of computer software that seeks to reproduce or mimic human thought, decision making, or brain functions.

Accepted Answer

A)  Biometrics 
B)  Artificial intelligence 
C)  Android 
D)  Legacy software 
E)  Intranet 
A)  Biometrics 
B)  Artificial intelligence 
C)  Android 
D)  Legacy software 
E)  Intranet

_____ is the general term used to describe the massive amount of data available to today's managers.

Which of the following questions relate to data quantity?

What is data mining? What are the key areas where businesses are leveraging data mining?

How has Wal-Mart leveraged information technology to become the world's largest retailer?

_____ is a language used to create and manipulate databases.

What is Wal-Mart's motivation for sharing data with its supply partners?

Data used in OLAP reporting is usually sourced from standard relational databases.

Why do many organizations have data that cannot be converted to actionable information? What are the hurdles faced by firms that attempt to query transactional databases?

_____ provide regular summaries of information in a predetermined format.

One of the factors that complicates the elimination of legacy systems is the:

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

The question, "Can we even get the data we'll need?" is related to data hosting.

In database systems, a row is also known as a _____.

Data are raw facts that must be turned into information in order to be useful and valuable.

Most transactional databases are not set up to be simultaneously accessed for reporting and analysis. As a consequence:

_____ are model building techniques where computers examine many potential solutions to a problem, iteratively modifying various mathematical models, and comparing the mutated models to search for a best alternative.

Firms that base decisions on hunches are said to be gambling, not managing.

Describe "database," "DBMS," and "SQL."

Customer lifetime value represents:

_____ is a class of computer software that seeks to reproduce or mimic human thought, decision making, or brain functions.

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Understanding Software: a Primer for Managers

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Exam 12: The Data Asset: Databases, Business Intelligence, Big Data, and Competitive Advantage

_____ is the general term used to describe the massive amount of data available to today's managers.

Which of the following questions relate to data quantity?

What is data mining? What are the key areas where businesses are leveraging data mining?

How has Wal-Mart leveraged information technology to become the world's largest retailer?

_____ is a language used to create and manipulate databases.

What is Wal-Mart's motivation for sharing data with its supply partners?

Data used in OLAP reporting is usually sourced from standard relational databases.

Why do many organizations have data that cannot be converted to actionable information? What are the hurdles faced by firms that attempt to query transactional databases?

_____ provide regular summaries of information in a predetermined format.

One of the factors that complicates the elimination of legacy systems is the:

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

The question, "Can we even get the data we'll need?" is related to data hosting.

In database systems, a row is also known as a _____.

Data are raw facts that must be turned into information in order to be useful and valuable.

Most transactional databases are not set up to be simultaneously accessed for reporting and analysis. As a consequence:

_____ are model building techniques where computers examine many potential solutions to a problem, iteratively modifying various mathematical models, and comparing the mutated models to search for a best alternative.

Firms that base decisions on hunches are said to be gambling, not managing.

Describe "database," "DBMS," and "SQL."

Customer lifetime value represents:

_____ is a class of computer software that seeks to reproduce or mimic human thought, decision making, or brain functions.

Setting the Stage: Technology and the Modern Enterprise

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing, Disruptive Innovation, and What This Means for the Manager

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Social Media, Peer Production, and Web 20

Facebook: Building a Business From the Social Graph

Understanding Software: a Primer for Managers

Software in Flux: Partly Cloudy and Sometimes Free

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and Beyond

Filters