Exam 1: Business Driven Technology

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Data is useful for understanding individual sales, but to gain deeper insight into a business, data needs to be turned into information.Which of the following offers an example of turning data into information?

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D

In terms of system thinking, what is the computer program that processes the data?

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B

What are tasks performed by people that customer's will buy to satisfy a want or need?

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B

What are material items or products that customer's will buy to satisfy a want or need?

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The business decisions made by the accounting department include transactional data, purchasing data, payroll data, and tax data.

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If you were thinking about a washing machine as a system, which of the following represents the feedback?

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If you were thinking about a washing machine as a system which of the following represents the inputs?

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The department within a company that records, measures, and reports monetary transactions is called _______________.

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If you were thinking about a home theater system, which of the following represents the feedback?

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The finance department performs the function of selling goods or services.

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Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

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An overview of systems thinking includes input, process, output, and finances.

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What is a report?

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Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

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In terms of system thinking, what is output?

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Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.

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Lettuce, tomatoes, patty, bun, and ketchup are included in the output of making a hamburger.

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Which of the following represents the department that maintains policies, plans, and procedures for the effective management of employees?

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Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

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The Internet of Things (IoT) refers to devices that connect directly to other devices.

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