Deck 1: Business Driven Technology

Question 1

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.

Answer 1

False

Question 2

Zappos is not a technology company, its primary business focus is to sell books.

Answer 2

False

Question 3

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

Answer 3

False

Question 4

Technology provides countless business opportunities but can also lead to pitfalls and traps for a business.

Question 5

Companies today are successful when they combine the power of the information age with traditional business methods.

Question 6

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

Question 7

Business 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.

Question 8

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

Question 9

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Question 10

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.

Question 11

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Question 12

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Question 13

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable.

Question 14

Order date, amount sold, and customer number are all forms of data.

Question 15

Machine to machine (M2M) refers to devices that connect directly to other devices.

Question 16

Information is data converted into a meaningful and useful context.The truth about information is that its value is only as good as the people who use it.People using the same information can make different decisions depending on how they interpret or analyze the information.

Question 17

Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

Question 18

A fact is the confirmation or validation of an event or object.In the past, people primarily learned facts from books.

Question 19

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Question 20

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Question 21

Big data is a view of data at a particular moment in time.

Question 22

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

Question 23

A dynamic report can include updating daily stock market prices or the calculation of available inventory.

Question 24

A static report can include updating daily stock market prices or the calculation of available inventory.

Question 25

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

Question 26

Unstructured data is data that is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages.

Question 27

For an organization to succeed, every department or functional area must work independently to be most effective.

Question 28

Using only data and information to make decisions and solve problems is the key to finding success in business.These are also the only core drivers of the information age and the building blocks of business systems.

Question 29

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

Question 30

The marketing department supports sales by planning, pricing, and promoting goods or services.

Question 31

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

Question 32

A snapshot is a view of data at a particular moment in time.

Question 33

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

Question 34

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

Question 35

Successful companies today operate cross-functionally, integrating the operations of all departments.

Question 36

The accounting and finance departments primarily use monetary data.

Question 37

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

Question 38

Structured data is data that is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages.

Question 39

The operations management department manages the process of converting or transforming resources into goods or services.

Question 40

The sales and marketing departments primarily use monetary data.

Question 41

The business decisions made by the sales department include potential customer data, sales report data, commission data, and customer support data.

Question 42

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

Question 43

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

Question 44

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

Question 45

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

Question 46

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Question 47

A stakeholder is a person or group who has an interest or concern in an organization.Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change.

Question 48

The business decisions made by the human resources department include potential customer data, sales report data, commission data, and customer support data.

Question 49

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Question 50

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

Question 51

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

Question 52

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

Question 53

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Question 54

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

Question 55

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill their needs.

Question 56

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

Question 57

Goods are material items or products that customers will buy to satisfy a want or need.

Question 58

The business decisions made by the operations management department include manufacturing data, distribution data, and production data.

Question 59

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

Question 60

The business decisions made by the finance department include promotion data, sales data, and advertising data.

Question 61

Which of the following is not considered a core driver of the information age?

A)Information
B)Business Intelligence
C)Knowledge
D)Variables

Question 62

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

Question 63

Why do students need to study information technology?

A)Information technology is everywhere in business.
B)Information technology is frequently discussed in business.
C)Information technology is frequently used in organizations.
D)All of these.

Question 64

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Question 65

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Question 66

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

Question 67

Which of the following is not a technology company but used technology to revamp the business process of selling shoes?

A)Netflix
B)Dell
C)Zappos
D)Amazon

Question 68

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

Question 69

Which of the following is considered a core driver of the information age?

A)Information
B)Business Intelligence
C)Knowledge
D)All of these

Question 70

What is the confirmation or validation of an event or object?

A)Fact
B)Data
C)Information technology
D)Business Intelligence

Question 71

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

Question 72

Which of the following is not a technology company but used technology to revamp the business process of selling books?

A)Netflix
B)Dell
C)Zappos
D)Amazon

Question 73

Which of the following is not considered a core driver of the information age?

A)Information
B)Business Intelligence
C)Competitive Intelligence
D)Data

Question 74

Which of the following is not a technology company but used technology to revamp the business process of renting videos?

A)Netflix
B)Dell
C)Zappos
D)Amazon

Question 75

What is information?

A)Raw facts that describe the characteristics of an event or object.
B)Data converted into a meaningful and useful context.
C)Data collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
D)Skills, experience, and expertise, coupled with information and intelligence that create a person's intellectual resources.

Question 76

Why do students need to study information technology?

A)Information technology is everywhere in business.
B)Information technology is rarely discussed in business.
C)Information technology is rarely used in organizations.
D)Information technology is found in only a few businesses.

Question 77

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Question 78

Which of the following is considered a core driver of the information age?

A)Fact
B)Goods
C)Competitive Intelligence
D)Data

Question 79

The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer.What age is this statement referring to?

A)Data age
B)Information age
C)Business intelligence age
D)Internet of Things

Question 80

What is data?

A)Raw facts that describe the characteristics of an event or object.
B)Data converted into a meaningful and useful context.
C)Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
D)Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.