290 midterm – Flashcards
Unlock all answers in this set
Unlock answersquestion
Companies today are successful when they combine the power of the information age with traditional business methods.
answer
true
question
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.
answer
false
question
The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.
answer
true
question
Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business
answer
true
question
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
answer
false
question
A variable is a business intelligence characteristic that stands for a value that cannot change over tim
answer
falsr
question
A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books
answer
true
question
Zappos is not a technology company; its primary business focus is to sell books.
answer
false
question
Order date, amount sold, and customer number are all forms of data.
answer
true
question
Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge
answer
true
question
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
answer
true
question
Knowledge workers are individuals valued for their ability to manage teams and implement critical human resource rules and regulations.
answer
false
question
Using data and information to make decisions and solve problems is the key to finding success in business. These are also the core drivers of the information age and the building blocks of business systems
answer
false
question
Companies update business strategies continuously as internal and external environments change
answer
true
question
The finance department performs the function of selling goods or services.
answer
false
question
The marketing department supports sales by planning, pricing, and promoting goods or services
answer
true
question
The operations management department manages the process of converting or transforming resources into goods or services.
answer
true
question
true
answer
The accounting and finance departments primarily use monetary data
question
The sales and marketing departments primarily use production data.
answer
false
question
For an organization to succeed, every department or functional area must work independently to be most effective
answer
false
question
Successful companies today operate cross-functionally, integrating the operations of all departments.
answer
true
question
An overview of systems thinking includes input, process, output, and finances
answer
false
question
MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.
answer
true
question
The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses
answer
false
question
The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses
answer
true
question
The chief technology officer is responsible for ensuring the speed, accuracy, availability, and reliability for MIS.
answer
true
question
The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company
answer
trur
