Question 1

Tamora and her work team are preparing a set of graphs and charts showing their company's performance over the past four quarters as compared with that of their three leading competitors. This is an example of

Accepted Answer

The graphs and charts represent processed data that provide meaningful insights into the company's performance, thus qualifying as information.

Question 2

The set of methods or techniques used to acquire, organize, store, manipulate, and transmit information is known as

Accepted Answer

Information technology (IT) encompasses the methods and techniques used to acquire, organize, store, manipulate, and transmit information.

Question 3

A specific form of IT that managers use in order to have access to the specific information they need to perform their job effectively is known as ________ systems.

Accepted Answer

The answer of A specific form of IT that managers...

Question 4

The difference between a blog and a social networking site is that

Accepted Answer

Social networking sites allow users to both send and receive information, making them interactive platforms, whereas blogs are typically more one-directional, with content primarily created by the blog owner.

Question 5

The four factors that determine the usefulness of information to managers are quality, timeliness, ________, and relevance.

Accepted Answer

Completeness is a key factor in determining the usefulness of information, as it ensures that all necessary data is available for decision-making.

Question 6

Barry is an analyst for Sunshine Groves and Cannery, which sells canned fruit products. One of his jobs is to keep track of weather reports, with a particular focus on predicted tropical storms and hurricanes, because the management at Sunshine Fruit particularly needs ________ information.

Accepted Answer

Timely information is important for Sunshine Fruit because it allows them to make decisions about how to protect their crops and operations in the event of a storm or hurricane.

Question 7

The management of Antonio's Pizzeria, a nationwide chain, has set a goal regarding average delivery time for its drivers. Over the next six months, data comes in from stores all over the country, and once it has been processed into information, the company leadership reviews it and sees how well various stores are doing at meeting companywide goals. Using its findings, they will reward some local managers and drivers for exceeding the goals, and they will encourage others to pick up the pace. This is an example of the fact that management needs information in order to

Accepted Answer

The answer of The management of Antonio's Pizzeria, a nationwide...

Question 8

The term data is best defined as a set of facts that

Accepted Answer

Data refers to raw facts and figures that have not yet been processed, summarized, or analyzed.

Question 9

Frequently updated information that reflects current changes in business conditions is called ________ information.

Accepted Answer

Real-time information is frequently updated to reflect current changes in business conditions, allowing for immediate decision-making.

Question 10

The most significant negative consequence of information overload is that

Accepted Answer

Information overload can lead to receivers being unable to effectively prioritize and differentiate between important and trivial information, which can hinder decision-making and understanding.

Question 11

The management at Sea Bass Fishing Charters, which has several facilities on the Florida coast, is considering opening a new one in Cocoa Beach. Before doing so, they need to look at figures on the number of customers there who chartered fishing boats-as opposed to boats for sightseeing or other purposes-last year. This is an example of the need for ________ information.

Accepted Answer

The management needs information that is directly related to their decision-making process, which is the number of customers chartering fishing boats specifically for fishing, making it relevant information.

Question 12

The quality of information is determined by its

Accepted Answer

The quality of information is primarily determined by its accuracy and reliability, ensuring that the information is correct and can be trusted.

Question 13

All About Town is a chain of clothiers with locations in malls around the country. It maintains records on the average customer traffic at each location month by month, as well as sales at each facility, net profits for each, and so on. This type of recordkeeping is an example of a(n)________ system.

Accepted Answer

This type of recordkeeping is an example of a management information system (MIS), which is designed to manage and analyze data to support decision-making and efficient management of an organization.

Question 14

Managers need information in order to do three things: ________ the organization's activities.

Accepted Answer

Managers need information to make effective decisions and to control and coordinate the organization's activities.

Question 15

The term information is best defined as facts that have been

Accepted Answer

Information is data that has been organized in a meaningful way, making it useful and understandable.

Question 16

Kasim is preparing for an important meeting, and tells his assistant, Toni, that he needs information regarding the company's recent financial performance. This information must be of the highest possible quality and usefulness, he says. To meet his requirement, what should Toni provide him with?

Accepted Answer

Graphs showing revenues and profits for the past four quarters provide a clear, visual summary of the company's financial performance, making it easier for Kasim to quickly understand trends and make informed decisions.

Question 17

Information technology (IT)is best defined as a set of

Accepted Answer

Information technology encompasses the techniques or methods used for obtaining, processing, and sending information, which includes a wide range of technologies and processes.

Question 18

The way that demand for a product changes in a predictable pattern over time is known as the ________ cycle.

Accepted Answer

The predictable pattern of demand changes over time for a product is known as the product life cycle, which includes stages such as introduction, growth, maturity, and decline.

Question 19

In her capacity as an analyst for Hardy Brothers, which sells living room and bedroom suits to retail consumers, Terri monitors a wide variety of information from worldwide sources. Her focus is on issues that affect pricing, in particular the availability and cost of various types of wood, cloth, and other materials. This is an example of the fact that managers need information in order to

Accepted Answer

Terri's role in monitoring information related to pricing and material availability is crucial for making effective decisions regarding product pricing and sourcing strategies.

Question 20

Vanderbilt Imperial Hotels is a luxury chain with facilities and resorts at some forty locations across the United States. Every day, its housekeeping staff changes enough sheets to cover several baseball stadiums, its bell staff transports a volume of luggage that would fill a few jumbo jets, and its wait staff serves prodigious quantities of food. Yet as important as all this physical work is, the whole chain would break down without management making sure that each location has the resources it needs to meet the challenges of each day. This is an example of the fact that management needs information in order to

Accepted Answer

The answer of Vanderbilt Imperial Hotels is a luxury chain...

Quiz 13: Effective Communication and It Management