Exam 1: Business Driven Technology

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The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.

(True/False)
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How does the text recommend that a company operate if it wants to be successful in the information age?

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What type of report can include a sales report from last year or salary report from five years ago?

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The sales department needs to rely on information from operations to understand _________.

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Information is data converted into useful, meaningful context.What are data characteristics that change or vary over time?

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Cooking a patty and putting the ingredients together are included in the process of making a hamburger.

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Unstructured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

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The business decisions made by the marketing department include promotional data, sales data, and advertising data.

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Cars, groceries, and clothing are all examples of goods.

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What is the rate at which goods and services are produced based upon total output given total inputs?

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Companies update business strategies continuously as internal and external environments change.

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The challenge that companies today sometimes have is that they are departmentalized and act independently of each other.One solution that can help a company work ___________ includes management information systems.

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Which of the following is considered data?

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Cheryl Steffan is the operations manager for Nature's Bread Company, which specializes in providing natural products for health-conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?

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What is the science of fact-based decision making?

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What data is created by a machine without human intervention?

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The business decisions made by the accounting department include employee data, promotion data, and vacation data.

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MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

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What are goods?

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Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable.

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