Question 1

Companies need to be prepared to respond to an audit,federal investigation,lawsuit,or any other legal action against them.

Accepted Answer

It is important for companies to have procedures in place and to be prepared to respond to legal actions. Being unprepared can result in negative consequences such as financial penalties, damage to reputation, or even legal consequences for individuals within the company.

Question 2

ERM systems consist of hardware and software that manage and archive electronic documents and image paper documents;then index and store them according to company policy.

Accepted Answer

This statement describes the function and capabilities of an ERM system accurately.

Question 3

Data generated by business apps,sensors,and transaction processing systems (TPS)are typically stored first in a ___________.

Accepted Answer

The answer of Data generated by business apps,sensors,and transaction processing...

Question 4

A key benefit of ERM is that it creates a paperless office as had been predicted.

Accepted Answer

ERM (Enterprise Risk Management) is a system to identify, assess, and manage risks in an organization. While ERM may involve digital document management, it is not solely focused on creating a paperless office. Therefore, the statement is false.

Question 5

When workflows are digital,productivity increases,costs decrease,compliance obligations are easier to verify,and green computing becomes possible.

Accepted Answer

Digital workflows eliminate the need for paper-based processes, reducing costs on paper, printing, and storage. They are also easier to track and monitor, ensuring compliance with regulations. Going digital also decreases the carbon footprint and promotes sustainable business practices.

Question 6

ERM is necessary to help defend against charges of patent violations,product safety negligence,theft of intellectual property,breach of contract,wrongful termination,harassment,and discrimination.

Accepted Answer

ERM (Enterprise Risk Management) involves identifying, assessing, and managing risks that a company may face. By implementing ERM, a company can improve its ability to defend against various charges, including patent violations, product safety negligence, theft of intellectual property, breach of contract, wrongful termination, harassment, and discrimination. Therefore, it is necessary to have ERM in place to mitigate such risks and protect the company from potential legal consequences.

Question 7

Effective ERM systems capture all business data and documents at their first touchpoint-data centers,laptops,the mailroom,at customer sites,or remote offices.

Accepted Answer

Effective ERM systems are designed to capture all relevant business data and documents at their first touchpoint, whether that is in data centers, on laptops, in the mailroom, at customer sites, or in remote offices. This ensures that all information is properly recorded and can be accessed as needed for risk management and decision-making purposes.

Question 8

Data ________ are the primary source of cleansed data for analysis,reporting,and BI.

Accepted Answer

The answer of Data ________ are the primary source of...

Question 9

Most business records are kept in physical format and archived throughout their life cycle.

Accepted Answer

Most business records are now kept in digital format due to the convenience, efficiency, and cost-effectiveness of digital storage and management systems.

Question 10

___________ and judgment are needed to interpret the output of data analytics.

Accepted Answer

The answer of ___________ and judgment are needed to interpret...

Question 11

In terms of the dependability or reliability of an information system,_________ means the system has zero-downtime,zero data loss,and continuous access to data.

Accepted Answer

The answer of In terms of the dependability or reliability...

Question 12

A ________ quantifies the relationship between variables,which reduces uncertainty.

Accepted Answer

The answer of A ________ quantifies the relationship between variables,which...

Question 13

Before selecting a vendor,it is important to examine workflows and how data,documents,and communications flow throughout the company.

Accepted Answer

Examining workflows is an important step in selecting a vendor as understanding how data, documents, and communications flow through the company is crucial in determining which vendor is the best fit for the company's needs.

Question 14

An ad-hoc request for specific data or information from a database or warehouse is called a ______________.

Accepted Answer

The answer of An ad-hoc request for specific data or...

Question 15

ERM systems have query and search capabilities so documents can be identified and accessed like data in a database.

Accepted Answer

ERM systems allow for documents to be indexed and searched just like database data, making it easier for users to locate and retrieve specific documents.

Question 16

The major ERM tools are servers,word processors,presentation software,and spreadsheets.

Accepted Answer

The major ERM tools are risk management software systems, not servers, word processors, presentation software, and spreadsheets.

Question 17

Databases are ________ because data are constantly being updated,added,or edited.

Accepted Answer

The answer of Databases are ________ because data are constantly...

Question 18

A widely used big data processing platform is Apache ________.

Accepted Answer

The answer of A widely used big data processing platform...

Question 19

________ equals 1,000 terabytes.

Accepted Answer

The answer of ________ equals 1,000 terabytes....

Question 20

Data ___________ integrate data from multiple databases and data silos and organize them for complex analysis,knowledge discovery,and to support decision making.

Accepted Answer

The answer of Data ___________ integrate data from multiple databases...

Quiz 3: Data Management, Big Data Analytics, and Records Management