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Exam 1: Business Driven Technology

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Question 1

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The department within a company that records, measures, and reports monetary transactions is called _______________.

A) Accounting
B) Marketing
C) Human resources
D) Operations management

E) A) and D)
F) All of the above

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Question 2

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What is a report?

A) A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
B) A collection of large complex data sets, including structured and unstructured, that cannot be analyzed using traditional database methods and tools.
C) A view of data at a particular moment in time.
D) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

E) All of the above
F) A) and C)

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Question 3

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

If you were thinking about a washing machine as a system which of the following represents the inputs?

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

In terms of system thinking, what is output?

If you were thinking about a washing machine as a system, which of the following represents the feedback?

Lettuce, tomatoes, patty, bun, and ketchup are included in the output of making a hamburger.

What are tasks performed by people that customer's will buy to satisfy a want or need?

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

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

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.

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

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?

If you were thinking about a home theater system, which of the following represents the feedback?

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

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

In terms of system thinking, what is the computer program that processes the data?

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

Which of the following represents the department that maintains policies, plans, and procedures for the effective management of employees?