Question 1

Which of the following can be considered structured capital?

Accepted Answer

The answer of Which of the following can be considered...

Question 2

Which of the following IM framework stages provides for developing the processes, standards, and guidelines needed to manage information assets well throughout the enterprise?

Accepted Answer

The answer of Which of the following IM framework stages...

Question 3

One of the most comprehensive challenges of information management is:

Accepted Answer

The answer of One of the most comprehensive challenges of...

Question 4

Which of the following IM framework stages features operational components that describe what needs to be in place in order to put the corporate IM policy into practice across the organization?

Accepted Answer

The stage of Articulating Operational Components involves creating a plan for implementing the IM policy across the organization, including identifying necessary resources and determining roles and responsibilities. This stage focuses on the practical aspects of putting the policy into practice, such as establishing procedures for managing information and providing training to employees.

Question 5

Which of the following behaviors are strongly correlated to organizational performance when they are present with strong IT and IM practices?

Accepted Answer

Integrity, formality, transparency, and control, when combined with strong IT (Information Technology) and IM (Information Management) practices, are all behaviors that can significantly enhance organizational performance. Integrity ensures trust and ethical behavior; formality provides structure; transparency fosters openness and accountability; and control ensures that processes and information flows are managed effectively. Together, these elements contribute to a robust organizational framework that supports efficiency, innovation, and reliability.

Question 6

The following are considered strategy components of an IM framework EXCEPT:

Accepted Answer

The answer of The following are considered strategy components of...

Question 7

________ focuses on how best to leverage the know-how and intangible experience of the organization's human capital.

Accepted Answer

Knowledge management specifically deals with leveraging an organization's human capital and intangible experience. Information management, technology management, and strategy management all deal with different areas of the organization's operations but are not specifically focused on human capital.

Question 8

________ is responsible for the complete information life cycle of a business.

Accepted Answer

Information management is responsible for the complete information life cycle of a business, including creation, capture, organization, maintenance, dissemination, and disposition. While technology management, knowledge management, and strategy management all play important roles in the overall management of a business, they are not solely responsible for the complete information life cycle.

Question 9

KM provides the technology, tools, and processes with which to ________ data.

Accepted Answer

The answer of KM provides the technology, tools, and processes...

Question 10

Which if the following are key organizational resources?

Accepted Answer

The key organizational resources are the resources an organization has to effectively deliver its products and services. Information is important for decision-making, human capital refers to the employees and their skills and knowledge, and financial capital is necessary for funding operations. Operational effectiveness and efficiency, competitive advantage, and strategy are more of outcomes or goals that an organization seeks to achieve through its resources.

Question 11

Which if the following IM framework stages determines who may access information according to privacy and security policies and provides guidance for the retention and deletion of information in accordance with regulatory and legal requirements?

Accepted Answer

The stage that determines who may access information according to privacy and security policies and provides guidance for the retention and deletion of information in accordance with regulatory and legal requirements is the stage of Establishing Information Stewardship. The other stages listed in the options focus on developing organizational policies, operational components, and standards for managing information, and do not specifically address access control and retention requirements.

Question 12

Which of the following IM framework stages helps to ensure that quality, accuracy, and control goals can be met?

Accepted Answer

The answer of Which of the following IM framework stages...

Question 13

When information is used more broadly through out a business ________ need to be established.

Accepted Answer

When information is used more broadly throughout a business, it is important to establish both standards and policies for its use in order to maintain consistency and security. Standards ensure that information is handled appropriately and consistently across the organization, while policies establish rules and guidelines for using and protecting the information. Both are necessary to ensure the responsible and effective use of information.

Question 14

________ provides the technology, tools, and processes with which to manipulate data.

Accepted Answer

The answer of ________ provides the technology, tools, and processes...

Question 15

________ is the means to clarify how the enterprise will manage information as an integrated resource.

Accepted Answer

Information management is the specific discipline that focuses on managing information as a strategic resource throughout the enterprise. Technology management deals with the acquisition, development, and management of technology resources, while knowledge management relates to the deliberate systematic management of knowledge assets in an organization. Strategy management concerns the planning, execution, and monitoring of business strategies. Therefore, the best choice is A.

Question 16

IM has three distinct but related drivers:

Accepted Answer

The three distinct but related drivers of IM are compliance (related to regulatory requirements), operational effectiveness and efficiency (related to improving business processes and reducing costs), and strategy (related to achieving competitive advantage and organizational goals). Staffing, application and development costs, and capital expenses are important considerations, but they are not the primary drivers of IM. Similarly, tactical expenses are a part of operational effectiveness and efficiency, not a separate driver. Therefore, choice C is the best answer as it encompasses all three main drivers of IM.

Question 17

________ represents the "meat" in the data-information-knowledge continuum and provides a
Foundation that can be used by both IT and KM to create business value.

Accepted Answer

IM (Information Management) represents the "meat" in the data-information-knowledge continuum and provides a foundation that can be used by both IT (Information Technology) and KM (Knowledge Management) to create business value.

Question 18

Which of the following IM framework stages requires adaptation of general principles to specific applications and distinct activities?

Accepted Answer

All stages in the IM framework require adaptation of general principles to specific applications and distinct activities to ensure they are effectively implemented and tailored to the organization's needs.

Question 19

________ is the ability to capture information to organize, use, and maintain information.

Accepted Answer

Information management is the process that involves the capturing of information to organize, use, and maintain it effectively.

Question 20

The following are all operational components of an IM framework EXCEPT:

Accepted Answer

All of the components listed (strategy, technology & architecture, people, and governance) are operational components of an IM framework. Therefore, none of them can be excluded as an operational component of an IM framework.

Quiz 8: Information Management: the Nexus of Business and IT