ANSWERS!!
Data differ from information in which way? correct answers Information is output and data is
input
Which of the following is NOT a characteristic that makes information useful?
a.) It is reliable
b.) It is timely
c.) It is inexpensive
d.) It is relevant correct answers c.) it is inexpensive
Which of the following is a primary activity in the value chain?
a.) Purchasing
b.) Accounting
c.) Post-sales service
d.) Human resource management correct answers c.) Post-sales service
Which transaction cycle includes interactions between and organization and its supplier?
correct answers Expenditure cycle
Which of the following is NOT a means by which information improves decision making?
a.) Increases in information overload
b.) Reduces uncertainty
c.) Provides feedback about the effectiveness of prior decisions
d.) Identifies situation requiring management action correct answers a.) Increases in
information overload
In the value chain concept, upgrading IT is considered what kind of activity? correct answers
Support Activity
In which cycle does a company ship goods to customers? correct answers Revenue cycle
Which of the following is a function of an AIS?
a.) reducing the need to identify a strategy and strategic position
b.) Transforming data into useful information
c.) Allocating organizational resources
d.) Automating all decision making correct answers b.) Transforming data into useful
information
A firm, its suppliers, and its customers collectively form which of the following?
a.) Supply chain
b.) Value chain
c.) ERP system
d.) AIS correct answers a.) Supply chain
A report telling how well all approved vendors have performed in the prior 12 months is
information that is MOST needed in which business process?
a.) Paying vendors