Test Bank for Management Information Systems 4th Edition By Baltzan

Test Bank for Management Information Systems 4th Edition By Baltzan Test Bank for Management Information Systems 4th Edition By Baltzan Chapter 01 Management Information Systems: Business Driven True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. TRUE Companies today are successful when they combine the power of the information age with traditional business methods. 2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. FALSE This is the definition of business intelligence which is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. 3. Business intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. TRUE This is the definition of business intelligence. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-01 Describe the information age and the differences among data, information, business intelligence, and knowledge. Topic: Competing in the Information Age 4. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. TRUE The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-01 Describe the information age and the differences among data, information, business intelligence, and knowledge. Topic: Competing in the Information Age 5. Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. TRUE Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-01 Describe the information age and the differences among data, information, business intelligence, and knowledge. Topic: Competing in the Information Age 6. Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable. FALSE Top managers use business intelligence, not social intelligence and want to remain profitable not unprofitable. 7. A variable is a business intelligence characteristic that stands for a value that cannot change over time. FALSE A variable is a data characteristic that can change over time. 8. A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books. TRUE A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books. 9. Zappos is not a technology company; its primary business focus is to sell books. FALSE Zappos is not a technology company; its primary business focus is to sell shoes, bags, clothing, and accessories. 10. Order date, amount sold, and customer number are all forms of data. TRUE Order date, amount sold, and customer number are all forms of data. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-01 Describe the information age and the differences among data, information, business intelligence, and knowledge. Topic: Competing in the Information Age 11. Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge. TRUE Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-01 Describe the information age and the differences among data, information, business intelligence, and knowledge. Topic: Competing in the Information Age