370 Final Exam Question and answers
correctly solved 2025/2026
Data - correct answer ✔raw facts that describe the characteristics of an event or object
Fact - correct answer ✔the confirmation or validation of an event
information age - correct answer ✔the present time, during which infinite quantities of facts are widely
available to anyone who can use a computer
Core drivers of information age - correct answer ✔data, information, business intelligence, knowledge
information - correct answer ✔data converted into a meaningful and useful context
business intelligence - correct answer ✔information collected from multiple sources such as suppliers,
customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for
strategic decision making
knowledge - correct answer ✔skills, experience, and expertise coupled with information and
intelligence that creates a persons intellectual resources
structured data - correct answer ✔data that has a defined length, type, and format
unstructured data - correct answer ✔data that is not defined and does not follow a specified format,
typically free format text such as email
human generated data - correct answer ✔data that humans, in interaction with computers, generate
,machine generated data - correct answer ✔created by a machine without human intervention
predictive analytics - correct answer ✔extracts information from data and uses it to predict future
trends and identify behavior patterns
behavioral analytics - correct answer ✔uses data about people's behaviors to understand intent and
predict future actions
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, process, or
output) and modifies the transmitters actions
productivity - correct answer ✔the rate at which goods and services are produced based upon total
output given total inputs
productivity = - correct answer ✔output / input
Accounting department - correct answer ✔records, measures, and reports monetary transactions
finance department - correct answer ✔tracks strategic financial issues including money, banking,
credit, investments, and assets
HR department - correct answer ✔maintains policies, plans, and procedures for the effective
management of employees
, marketing department - correct answer ✔supports sales by planning, prices, and promoting goods or
sevices
operations management department - correct answer ✔manages the process of converting or
transforming resources into goods or services
sales department - correct answer ✔performs the function of selling goods or services
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 and
problem-solving
stakeholder - correct answer ✔a person or group that has an interest or concern in an organization
competitive advantage - correct answer ✔a product or service that an organizations customers place a
greater value on than similar offerings from a competitor
first-mover advantage - correct answer ✔occurs when an organization can significantly impact its
market share by being first to market with a competitive advantage
swot analysis - correct answer ✔strength, weakness, opportunity, threats whose purpose is to identify
significant influences that work for or against business strategies
porters 5 forces model - correct answer ✔to evaluate the attractiveness of an industry
buyer power - correct answer ✔the ability of buyers to affect the price of an item
supplier power - correct answer ✔the suppliers' ability to influence the prices they charge for supplies
correctly solved 2025/2026
Data - correct answer ✔raw facts that describe the characteristics of an event or object
Fact - correct answer ✔the confirmation or validation of an event
information age - correct answer ✔the present time, during which infinite quantities of facts are widely
available to anyone who can use a computer
Core drivers of information age - correct answer ✔data, information, business intelligence, knowledge
information - correct answer ✔data converted into a meaningful and useful context
business intelligence - correct answer ✔information collected from multiple sources such as suppliers,
customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for
strategic decision making
knowledge - correct answer ✔skills, experience, and expertise coupled with information and
intelligence that creates a persons intellectual resources
structured data - correct answer ✔data that has a defined length, type, and format
unstructured data - correct answer ✔data that is not defined and does not follow a specified format,
typically free format text such as email
human generated data - correct answer ✔data that humans, in interaction with computers, generate
,machine generated data - correct answer ✔created by a machine without human intervention
predictive analytics - correct answer ✔extracts information from data and uses it to predict future
trends and identify behavior patterns
behavioral analytics - correct answer ✔uses data about people's behaviors to understand intent and
predict future actions
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, process, or
output) and modifies the transmitters actions
productivity - correct answer ✔the rate at which goods and services are produced based upon total
output given total inputs
productivity = - correct answer ✔output / input
Accounting department - correct answer ✔records, measures, and reports monetary transactions
finance department - correct answer ✔tracks strategic financial issues including money, banking,
credit, investments, and assets
HR department - correct answer ✔maintains policies, plans, and procedures for the effective
management of employees
, marketing department - correct answer ✔supports sales by planning, prices, and promoting goods or
sevices
operations management department - correct answer ✔manages the process of converting or
transforming resources into goods or services
sales department - correct answer ✔performs the function of selling goods or services
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 and
problem-solving
stakeholder - correct answer ✔a person or group that has an interest or concern in an organization
competitive advantage - correct answer ✔a product or service that an organizations customers place a
greater value on than similar offerings from a competitor
first-mover advantage - correct answer ✔occurs when an organization can significantly impact its
market share by being first to market with a competitive advantage
swot analysis - correct answer ✔strength, weakness, opportunity, threats whose purpose is to identify
significant influences that work for or against business strategies
porters 5 forces model - correct answer ✔to evaluate the attractiveness of an industry
buyer power - correct answer ✔the ability of buyers to affect the price of an item
supplier power - correct answer ✔the suppliers' ability to influence the prices they charge for supplies
