Question 1

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

Accepted Answer

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

Question 2

Which of the following represents the core drivers of the information age?

Accepted Answer

Data, information, business intelligence, and knowledge are the core drivers of the information age.

Question 3

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?

Accepted Answer

Best-selling product by day is an example of information.

Question 4

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Accepted Answer

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

Which of the following is considered data?

Accepted Answer

Quantity sold is data.

Question 6

Which of the following is an example of information?

Accepted Answer

What is my worst-selling product is an example of taking data and turning it into information.

Question 7

What is data?

Accepted Answer

Data are raw facts that describe the characteristics of an event or object.

Question 8

Which of the following is not a core driver of the information age?

Accepted Answer

The core drivers of the information age are data, information, business intelligence, and knowledge.

Question 9

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?

Accepted Answer

Knowledge would include knowing that the best baker is Tony and that when he works the best-selling product changes.

Question 10

Today's workers are referred to as _______________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

Accepted Answer

Today's workers are commonly referred to as knowledge workers and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

Question 11

What is predictive analytics?

Accepted Answer

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

Question 12

Information is data converted into useful, meaningful context.What are data characteristics that change or vary over time?

Accepted Answer

A variable is a data characteristic that stands for a value that changes or varies over time.

Question 13

What is knowledge?

Accepted Answer

Knowledge includes skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources.

Question 14

Which of the following is an example of data?

Accepted Answer

Who is customer number 12345XX is an example of data.

Question 15

Data is useful for understanding individual sales, but to gain deeper insight into a business data needs to be turned into information.Which of the following offers an example of turning data into information?

Accepted Answer

Data-generating questions outlined in the book include: Who are my best customers? Who are my least-profitable customers? What is my best-selling product? What is my slowest-selling product? Who is my strongest sales representative? Who is my weakest sales representative?

Question 16

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

Accepted Answer

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 17

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?

Accepted Answer

Data is raw facts that describe the characteristics of an event or object.Data for Cheryl would include Craig Newmark is customer number 15467.

Question 18

What is business intelligence?

Accepted Answer

Business intelligence is information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.

Question 19

Which of the following represents the definition of a variable?

Accepted Answer

A variable is a data characteristic that stands for a value that changes or varies over time and can be manipulated to help improve profits.

Question 20

What is information?

Accepted Answer

Information is data converted into a meaningful and useful context.

Quiz 1: Management Information Systems: Business Driven MIS