QUESTIONS AND SOLUTIONS
◉ What 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: Business Intelligence
◉ Which of the following is considered Information? Answer: Total
Sales for the Month
◉ What is Data that has been converted into meaningful and useful
context? Answer: Information
◉ Which of the following is considered Data? Answer: Product Number
◉ The challenge that organizations today sometimes have is that they
are departmentalized and act independently of each other. One solution
that can help an organization work interdepartmentally includes
__________. Answer: MIS
, ◉ What is a Competitive Advantage? Answer: A feature of a product or
service on which customers place a greater value than they do on similar
offerings from competitors.
◉ Which of these represents the three different levels of a company
pyramid from the top to the bottom? Answer: Strategic-Managerial-
Operational
◉ What finds the Inputs necessary to achieve a goal, such as a desired
level of output? Answer: Goal-seeking analysis
◉ What is Consolidation? Answer: Involves the aggregation
(summarization) of information and features simple roll-ups to complex
groupings of interrelated information; giving the user a summary of the
information. Ex. Total Sales by Region
◉ What is a Business Process? Answer: A standardized set of activities
that accomplish a specific task, such as processing a customer's order
◉ Business Process Modeling (or Mapping) is the activity of creating a
detailed Flow Chart or Process Map of a Work Process showing:
Answer: Inputs, tasks, and activities in a structured sequence