Question 1

You rent a Blu-ray disc of "A Clockwork Orange" for $25.This is an example of ______.

Accepted Answer

A) data 
B) information 
C) software 
D) information system

Question 2

If you connect to the Internet using a modem,the modem is a telecommunications device.

Accepted Answer

A) True 
 B)False

Question 3

Business intelligence refers solely to information about your competitors.

Accepted Answer

A) True 
 B)False

Question 4

Data and information are the same.

Accepted Answer

A) True 
 B)False

Question 5

DVD is a temporary holding space for data and software.

Accepted Answer

A) True 
 B)False

Question 6

A technology-literate knowledge worker knows how and when to apply technology.

Accepted Answer

A) True 
 B)False

Question 7

Mary wishes to upgrade her current home communications system.She wants to replace her current Internet,TV,and phone to a fiber optics system.As a buyer,Mary needs to consider the ___.

Accepted Answer

A) threat of new entrants 
B) switching costs 
C) entry barriers 
D) first-mover advantages

Question 8

The three important organizational resources involved in management information systems include - information,information technology,and people.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true of an information-literate knowledge worker?

Accepted Answer

A) He knows how and where to obtain information. 
B) He cannot define the information needed. 
C) He understands the information before it is received. 
D) He can transform business intelligence into information.

Question 10

Carrio Arrento,a car rental company,operates in two cities and offers low-rental cars specifically to college students from these areas.This is an example of a(n)_______.

Accepted Answer

A) overall cost leadership strategy 
B) focus strategy 
C) loyalty program 
D) entry barrier

Question 11

_____ are raw facts that describe a particular phenomenon.

Accepted Answer

The answer of _____ are raw facts that describe a...

Question 12

Within an organization,information flows in four basic directions.Which,among them,describes the current state of the organization based on its daily transactions?

Accepted Answer

A) Downward 
B) Upward 
C) Horizontal 
D) Outward/inward

Question 13

Information granularity refers to:

Accepted Answer

A) the quantity of data within the information. 
B) the quality of data within the information. 
C) the frequency of data within the information. 
D) the extent of detail within the information.

Question 14

According to Porter's Five Forces Model,the rivalry among existing competitors is high when:

Accepted Answer

A) competition is more complacent in a market. 
B) supplier power is high in a market. 
C) buyer power is low in a market. 
D) competition is fierce in a market.

Question 15

Supplier power in the Five Forces Model is high when buyers have few choices from whom to buy.

Accepted Answer

A) True 
 B)False

Question 16

Objective information attempts to describe something that is unknown.

Accepted Answer

A) True 
 B)False

Question 17

The compilation of average SAT scores for students enrolled in your college,along with an analysis of enrollment information and a statistical analysis of these scores compared to competitive schools,is an example of ____.

Accepted Answer

A) data 
B) information 
C) knowledge 
D) business intelligence

Question 18

In a downward information flow,information:

Accepted Answer

A) originates at the lowest level of the organization and is passed downward through the various levels. 
B) originates at a higher level and is passed to lower levels. 
C) flows between functional business units and work teams. 
D) is communicated from and to customers,suppliers,distributors,and other partners for the purpose of doing business.

Question 19

A loyalty program is:

Accepted Answer

A) a program that rewards suppliers when delivery of products and services exceeds expectations. 
B) an analysis of customers and their recurring purchasing habits with your business. 
C) a reward system for customers based on the amount of business they do with your business. 
D) a process of moving into a new market for a particular product or service.

Question 20

_____ refers to any computer-based tool that people use to work with information and support the information and information-processing needs of an organization.

Accepted Answer

The answer of _____ refers to any computer-based tool that...

Exam 1: The Information Age in Which You Live: Changing the Face of Business

You rent a Blu-ray disc of "A Clockwork Orange" for $25.This is an example of ______.

If you connect to the Internet using a modem,the modem is a telecommunications device.

Business intelligence refers solely to information about your competitors.

Data and information are the same.

DVD is a temporary holding space for data and software.

A technology-literate knowledge worker knows how and when to apply technology.

Mary wishes to upgrade her current home communications system.She wants to replace her current Internet,TV,and phone to a fiber optics system.As a buyer,Mary needs to consider the ___.

The three important organizational resources involved in management information systems include - information,information technology,and people.

Which of the following is true of an information-literate knowledge worker?

Carrio Arrento,a car rental company,operates in two cities and offers low-rental cars specifically to college students from these areas.This is an example of a(n) _______.

_____ are raw facts that describe a particular phenomenon.

Within an organization,information flows in four basic directions.Which,among them,describes the current state of the organization based on its daily transactions?

Information granularity refers to:

According to Porter's Five Forces Model,the rivalry among existing competitors is high when:

Supplier power in the Five Forces Model is high when buyers have few choices from whom to buy.

Objective information attempts to describe something that is unknown.

The compilation of average SAT scores for students enrolled in your college,along with an analysis of enrollment information and a statistical analysis of these scores compared to competitive schools,is an example of ____.

In a downward information flow,information:

A loyalty program is:

_____ refers to any computer-based tool that people use to work with information and support the information and information-processing needs of an organization.