Deck 6: Valuing Organizational Information

Question 1

What is immediate,up-to-date information?

A) Real-time information
B) Real-time system
C) Information granularity
D) All of these

Answer 1

A
Explanation: This is the definition of real-time information.

Question 2

Which of the following implies that aggregate or summary information is in agreement with detailed information?

A) Uniqueness
B) Completeness
C) Consistency
D) Accuracy

Answer 2

C
Explanation: This is the definition of consistency.

Question 3

What are the different types of information?

A) Levels, forms, granularities
B) Levels, forms, data
C) Levels, formats, granularities
D) Data, formats, granularities

Answer 3

C
Explanation: Levels, formats, and granularities are the different types of information.

Question 4

What encompasses all organizational information and its primary purpose is to support the performance of managerial analysis tasks?

A) Transactional information
B) Analytical information
C) Timeliness
D) Quality

Question 5

Which of the following represents the different information formats?

A) Detail, summary, aggregate
B) Document, presentation, spreadsheet, database
C) Individual, department, enterprise
D) None of these

Question 6

What is one of the biggest pitfalls associated with real-time information?

A) It is only available to high-level executives.
B) It is only available in aggregate levels of granularity.
C) It continually changes.
D) It rarely changes.

Question 7

Which of the following is not one of the five characteristics common to high-quality information?

A) Accuracy
B) Completeness
C) Quantity
D) Consistency

Question 8

What is it called when each transaction,entity,and event is represented only once in the information?

A) Uniqueness
B) Accuracy
C) Consistency
D) Timeliness

Question 9

What provides real-time information in response to requests?

A) Real-time information
B) Real-time systems
C) Information level
D) All of these

Question 10

Purchasing stocks is an example of analytical information.

Question 11

Which of the following represents the different information granularities?

A) Detail, summary, aggregate
B) Document, presentation, spreadsheet, database
C) Individual, department, enterprise
D) None of these

Question 12

All of the following are characteristics of information except:

A) Transactional
B) Analytical
C) Timeliness
D) Quantity

Question 13

Which of the following is an example of transactional information?

A) Trends
B) Sales projections
C) Purchasing stocks
D) All of these

Question 14

What encompasses all of the information contained within a single business process or unit of work and its primary purpose is to support the performance of daily operational tasks?

A) Transactional information
B) Analytical information
C) Timeliness
D) Quality

Question 15

What is a real-time system?

A) Provides immediate, up-to-date real-time information.
B) Provides real-time information in response to requests.
C) Encompasses all organization information, and its primary purpose is to support the performance of managerial analysis tasks.
D) Encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performance of daily operational tasks.

Question 16

Which of the following implies that information is current with respect to the business requirement?

A) Uniqueness
B) Accuracy
C) Consistency
D) Timeliness

Question 17

Reports for each salesperson,product,and part are examples of detailed,or fine,information granularities.

Question 18

Which of the following represents the different information levels?

A) Detail, summary, aggregate
B) Document, presentation, spreadsheet, database
C) Individual, department, enterprise
D) None of these

Question 19

Which of the following is an example of transactional information?

A) Withdrawing cash from an ATM
B) Making an airline reservation
C) Purchasing stock
D) All of these

Question 20

Organizational information comes at different levels and in different formats and granularities.

Question 21

The ________ characteristic of high-quality information ensures that each transaction,entity,and event is represented only once.

Question 22

The ________ characteristic of high-quality information ensures that none of the values are missing.

Question 23

____________ information encompasses all of the information contained within a single business process or unit of work,and its primary purpose is to support the performance of daily operational tasks.

Question 24

List,describe,and provide an example of each of the five characteristics of high-quality information.

Question 25

Transactional information is used when performing operational tasks and repetitive decisions,such as analyzing daily sales reports and production schedules to determine how much inventory to carry.

Question 26

The ________ characteristic of high-quality information ensures that all the values are correct.

Question 27

Organizational information comes in different ___________,formats,and granularities.

Question 28

Organizations use _______________ information to make repetitive decisions.

Question 29

Assess the impact of low-quality information on an organization and the benefits of high-quality information on an organization.

Question 30

Detail,summary,and _________ are the typical information granularities.

Question 31

List the four primary sources of low-quality information.

Question 32

The ________ characteristic of high-quality information ensures that the information is current with respect to the business requirement.

Question 33

____________ information encompasses all organizational information,and its primary purpose is to support the performance of managerial analysis tasks.

Question 34

Describe the broad levels,formats,and granularities of information.

Question 35

Timely information must be up-to-the-second to be accurate.

Question 36

Organizations use _________ information to make ad hoc decisions.