Question 1

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Accepted Answer

A) True 
 B)False

Question 2

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is considered a core driver of the information age?

Accepted Answer

A)  Fact
B)  Goods
C)  Competitive Intelligence
D)  DataE) All of the above
F) C) and D)

Question 4

Big data is a view of data at a particular moment in time.

Accepted Answer

A) True 
 B)False

Question 5

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Accepted Answer

A) True 
 B)False

Question 6

A stakeholder is a person or group who has an interest or concern in an organization.Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change.

Accepted Answer

A) True 
 B)False

Question 7

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

Accepted Answer

A) True 
 B)False

Question 8

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Accepted Answer

A) True 
 B)False

Question 9

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Accepted Answer

A) True 
 B)False

Question 10

Which data types are typically found in the finance department?

Accepted Answer

A)  Promotion data, sales data, advertising data.
B)  Employee data, promotion data, vacation data.
C)  Investment data, monetary data, reporting data.
D)  Transactional data, purchasing data, payroll data, tax data.E) C) and D)
F) All of the above

Question 11

Which activities belong in the accounting department?

Accepted Answer

A)  Records, measures, and reports monetary transactions.
B)  Tracks strategic financial issues, including money, banking, credit, investments, and assets.
C)  Supports the sales by planning, pricing, and promoting goods or services.
D)  Relies on information from operations to understand inventory, place orders, and forecast consumer demand.E) C) and D)
F) A) and B)

Question 12

Which of the below is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A)  Buyer power
B)  Data
C)  Fact
D)  Entry barrierE) C) and D)
F) None of the above

Question 13

Which data types are typically found in the human resources department?

Accepted Answer

A)  Promotion data, sales data, advertising data.
B)  Employee data, promotion data, vacation data.
C)  Investment data, monetary data, reporting data.
D)  Transactional data, purchasing data, payroll data, tax data.E) A) and B)
F) All of the above

Question 14

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 depending on how they interpret or analyze the information.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A)  Information
B)  Knowledge
C)  Internet of Things
D)  DataE) All of the above
F) A) and C)

Question 16

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 17

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stand for?

Accepted Answer

A)  Management information strategy.
B)  Management intelligence system.
C)  Management information system.
D)  Management information strategist.E) None of the above
F) B) and D)

Question 18

What is productivity?

Accepted Answer

A)  Material items or products that customer's will buy to satisfy a want or need.
B)  Tasks performed by people that customer's will buy to satisfy a want or need.
C)  The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
D)  The rate at which goods and services are produced based upon total output given total inputs.E) A) and B)
F) B) and D)

Question 19

What is a collection of large complex data sets that cannot be analyzed using traditional database methods and tools?

Accepted Answer

A)  Knowledge
B)  Big data
C)  Snapshot
D)  Internet of thingsE) B) and C)
F) A) and D)

Question 20

What is the Internet of Things?

Accepted Answer

A)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
B)  The extraction of information from data used to predict future trends and identify behavioral patterns.
C)  A series of devices that connect directly to other devices.
D)  Opportunities to change the way people purchase books.E) A) and C)
F) A) and D)

Exam 1: Business Driven Technology

Which data types are typically found in the finance department?

Correct AnswerverifiedShow Answer

What is the Internet of Things?

Correct AnswerverifiedShow Answer

Which data types are typically found in the human resources department?

Correct AnswerverifiedShow Answer

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Correct AnswerverifiedShow Answer

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Correct AnswerverifiedShow Answer

A stakeholder is a person or group who has an interest or concern in an organization.Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change.

Correct AnswerverifiedShow Answer

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Correct AnswerverifiedShow Answer

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 depending on how they interpret or analyze the information.

Correct AnswerverifiedShow Answer

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stand for?

Correct AnswerverifiedShow Answer

Big data is a view of data at a particular moment in time.

Correct AnswerverifiedShow Answer

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Correct AnswerverifiedShow Answer

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

Correct AnswerverifiedShow Answer

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

Which activities belong in the accounting department?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

Correct AnswerverifiedShow Answer

What is a collection of large complex data sets that cannot be analyzed using traditional database methods and tools?

Correct AnswerverifiedShow Answer

Which of the below is the key term that defines the confirmation or validation of an event or object?

Correct AnswerverifiedShow Answer

Which of the following is considered a core driver of the information age?

Correct AnswerverifiedShow Answer

What is productivity?

Correct AnswerverifiedShow Answer

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