(Lamb) Ch 5, 7, 8, 9 Question and
answers already passed
What is Data? - correct answers information gathered from observations
The amount of data that an organization collects increase exponentially with
time - correct answers True
Data is generated from multiple sources - correct answers True
Why is managing data important? - correct answers Because data could be
confidential customer information, intellectual property, financial transactions,
etc.
Why is it important for organizations to manage their data? - correct answers
The right data needs to be easily accessible to the right people in the
organization for them to do their job
What is Managing Data? - correct answers acquiring, organizing, storing,
accessing, analyzing, and interpreting data
Know that Information Systems format data in an easy-to-understand way so
that managers/business professionals can access it according to their needs -
correct answers Know that Information Systems format data in an easy-to-
understand way so that managers/business professionals can access it
according to their needs
, What is data? - correct answers things, events, activities, transactions, values,
figures, numbers, etc, that are recorded
What is information? - correct answers Data that has been processed to give
it meaning
What is Knowledge? - correct answers when experience is combined with
information
What is Data Governance? - correct answers `an approach to managing
information across an entire organization
What are two approaches to Data Governance? - correct answers Master
data management and the database approach
What is Master data management? - correct answers a set of core data, such
as customer, product, employee, vendor, geographic location, etc. That span
the enterprise's information systems
What is an example of Master Data Management? - correct answers Auburn
University student records in Banner
What is a database? - correct answers a collection of related files or tables
containing data
What does a database seek to minimize? - correct answers Redundancy,
Isolation, and Inconsistency
What is Data Redundancy? - correct answers The same data are stored in
multiple locations