Deck 1: Management Information Systems: Business Driven MIS

Question 1

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

Answer 1

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

Question 2

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

Answer 2

False
Explanation: Knowledge workers are individuals valued for their ability to interpret and analyze information.

Question 3

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

Answer 3

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

Question 4

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 5

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 6

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

Question 7

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 8

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

Question 9

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

Question 10

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

Question 11

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

Question 12

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

Question 13

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

Question 14

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.

Question 15

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

Question 16

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.Tony will set the strategic direction for his firm,which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

Question 17

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

Question 18

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

Question 19

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

Question 20

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

Question 21

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

Question 22

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

Question 23

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

Question 24

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

Question 25

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

Question 26

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

Question 27

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 28

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 29

The Accounting and Finance departments primarily use monetary data.

Question 30

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 31

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

Question 32

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

Question 33

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 34

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

Question 35

The Sales and Marketing departments primarily use monetary data.

Question 36

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

Question 37

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

Question 38

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

Question 39

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

Question 40

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

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

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

Question 43

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

Question 44

The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Question 45

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

Question 46

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

Question 47

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

Question 48

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

Question 49

The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Question 50

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.

Question 51

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

Question 52

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

Question 53

The chief data officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Question 54

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 55

The chief knowledge officer is responsible for collecting,maintaining,and distributing company knowledge.

Question 56

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

Question 57

The chief data officer is responsible for ensuring the speed,accuracy,availability,and reliability for MIS.

Question 58

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

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 Operations management department include manufacturing data,distribution data,and production data.

Question 61

According to Fast Company magazine,a few executive levels you might see created over the next decade include chief intellectual property officer,chief automation officer,and chief user experience officer.

Question 62

MIS skills gap is the difference between existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies.

Question 63

The chief data office (CDO)is responsible for ensuring the throughput,speed,accuracy,availability,and reliability of an organization's information technology.

Question 64

Most organizations maintain positions such as chief executive officer (CEO),chief financial officer (CFO),and chief operations officer (COO)at the strategic level.

Question 65

Closing the MIS skills gap by aligning the current workforce with potential future business needs is a simple proposition.

Question 66

The chief knowledge officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Question 67

The chief technology officer (CTO)is responsible for ensuring the security of MIS systems and developing strategies and MIS safeguards against attacks from hackers and viruses.

Question 68

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

Question 69

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

Question 70

Many CPOs are lawyers by training,enabling them to understand the often complex legal issues surrounding the use of information.

Question 71

The chief knowledge officer is responsible for collecting,maintaining,and distributing company knowledge.

Question 72

The difference between existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies is called an MIS skill set.

Question 73

Common approaches to closing an MIS skills gap include social recruiting,off-site training,mentoring services,and competitive salaries.

Question 74

The chief intellectual property officer (CIPO)is responsible for collecting,maintaining,and distributing the organization's knowledge.

Question 75

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

Question 76

The chief data officer (CDO)is responsible for determining the types of information the enterprise will capture,retain,analyze,and share.

Question 77

The chief privacy officer (CPO)is responsible for ensuring the ethical and legal use of information within an organization.

Question 78

The chief security officer (CSO)is responsible for ensuring the security of MIS systems and developing strategies and MIS safeguards against attacks from hackers and viruses.

Question 79

In many instances,an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills.In recruiting lingo,such candidates are referred to as "purple turtles."

Question 80

Most CTOs do not possess a well-rounded knowledge of all aspects of MIS,such as hardware,software,and telecommunications.