WITH COMPLETE SOLUTIONS
"business intelligence (BI) - Correct Answer information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyze patterns, trends, and
relationship for strategic decision making"
"analytics - Correct Answer the science of fact-based decision making"
"internet of things - Correct Answer a world where interconnected, internet-enabled devices or
"things" can collect & share data without human intervention"
"intelligent agent - Correct Answer a special-purpose knowledge-based information system that
accomplishes specific tasks on behalf of its users"
"augmented reality - Correct Answer the viewing of the physical world of computer-generated layers
of information added to it"
"dynamic process - Correct Answer a continuously changing process that provides business solutions
to ever-changing business operations"
"workflow - Correct Answer includes the tasks, activities, and responsibilities required to execute each
step in a business process"
"workflow control systems - Correct Answer monitor processes to ensure tasks, activities, and
responsibilities are executed as specified"
"machine to machine (M2M) - Correct Answer devices that connect directly to other devices"
"data - Correct Answer raw facts that describe the characteristics of an event or object"
"structured data - Correct Answer data that has a defined length, type, and format and includes
numbers, dates, or strings such as Customer Address"
"machine-generated data - Correct Answer data created by a machine without human intervention"
"human-generated data - Correct Answer data that humans, in interaction with computers, generate"
"unstructured data - Correct Answer data that is not defined and does not follow a specified format
and is typically free-form text such as emails, Twitter tweets, and text messages"
1|Page
,"big data - Correct Answer a collection of rare, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods & tools"
"snapshot - Correct Answer a view of data at a particular moment in time"
"Data example - Correct Answer order date, amount sold, customer number, quantity ordered"
"information example - Correct Answer best-selling product, best customer, worst-selling product,
worst customer"
"business intelligence example - Correct Answer lowest sales per week compared with the economic
interest rates, best-selling product by month compared to sports season and city team wins and losses"
"knowledge example - Correct Answer choosing not to fire a sales representative who is
underperforming knowing that person is experiencing family problems, listing products that are about to
expire first on the menu or creating them as a daily special to move the product"
"information - Correct Answer data converted into a meaningful and useful context"
"report - Correct Answer a document containing data organized in a table, matrix, or graphical format
allowing users to easily comprehend and understand information"
"static report - Correct Answer a report created once based on data that does not change"
"dynamic report - Correct Answer a report that changes automatically during creation"
"variable - Correct Answer a data characteristic that stands for a value that changes or varies over
time"
"predictive analytics - Correct Answer extracts information from data and uses it to predict future
trends and identify behavioral patterns"
"behavior analytics - Correct Answer uses data about people's behaviors to understand intent and
predict future actions"
"knowledge - Correct Answer skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources"
"knowledge worker - Correct Answer individuals values for their ability to interpret and analyze
information"
"accounting - Correct Answer records, measures, and reports monetary transactions"
2|Page
, "finance - Correct Answer deals with strategic financial issues including money, banking, credit,
investments, and assets"
"human resources - Correct Answer maintains policies, plans, and procedures for the effective
management of employees"
"marketing - Correct Answer supports sales by planning, pricing, and promoting goods or services"
"operations management - Correct Answer manages the process of converting or transforming or
resources into goods or services"
"sales - Correct Answer performs the function of selling goods or services"
"system - Correct Answer a collection of parts that link to achieve a common purpose"
"goods - Correct Answer material items or products that customers will buy to satisfy a want or need.
clothing, groceries, cell phones, and cards are all examples of goods that people buy to fulfill their
needs"
"service - Correct Answer tasks that customers will buy to satisfy a want or need"
"productivity - Correct Answer the rate at which goods and services are produced based upon total
output given total inputs"
"production - Correct Answer there process where a business takes raw materials and processes them
or converts them into a finished product for its goods or services"
"systems thinking - Correct Answer a way of monitoring the entire system by viewing multiple inputs
being processed or transformed to product outputs while continuously gathering feedback on each
part"
"feedback - Correct Answer information that returns to its original transmitter (input, transform, or
output) and modifies the transmitter's actions"
"management information systems (MIS) - Correct Answer a business function, like accounting and
human resources, which moves information about people, products, and processes across the company
to facilitate decision making & problem solving"
"chief information officer (CIO) - Correct Answer responsible for:
1) overseeing all uses of MIS and
2) ensuring that MIS strategically aligns with business goals and objectives"
3|Page