BIS EXAM 3 WITH ALL CORRECT & VERIFIED ANSWERS
(UPDATED TO PASS)
What is information for a business Correct answer-a commodity
What are the 4 primary traits of the value of information Correct answer-Information type,
information timeliness, information quality, information governance.
What are the 2 types of information type Correct answer-Transactional and Analytical
Transactional (Information Type) Correct answer-• Describes business events
• Supports daily operation of an organization
• All of the information within a business process or unit of work
• Example: receipt
Analytical (Information Type) Correct answer-• Describes business performance
• Supports decision making, reporting, query and analysis
• Example: identify trends in sales
Information Timeliness Correct answer-Pertains to when the information was generated.
Real-time Information vs Historical Information (Information Timeliness) Correct answer-Depends
on situation as to when the information is needed
Example:
Spotting trends is more reliant on historical information. Real-time
information shows what is happening right at that moment but does not
show what is happening next.
Information Quality Correct answer-Consistency -
Is the same data correctly reflected in all places where stored
Does the summarized data agree with the individual details
Completeness - Is all the information present
Accuracy - Is the information correct
Unique - Is the information duplicated
Timely - Is the information provided when it is needed or from the proper point in time
*Relevant - Is the information applicable
Information Governance Correct answer-Deals with how the information is managed
Availability (information governance) Correct answer-Is the data available to user and how easily is
it accessible
Usability (information governance) Correct answer-ensures the data is stored and organized in a
manner that it can be used
Security (information governance) Correct answer-Data protection - prevent from being stolen or
modified
Integrity (information governance) Correct answer-Ensuring the data is not modified from its
origination
(UPDATED TO PASS)
What is information for a business Correct answer-a commodity
What are the 4 primary traits of the value of information Correct answer-Information type,
information timeliness, information quality, information governance.
What are the 2 types of information type Correct answer-Transactional and Analytical
Transactional (Information Type) Correct answer-• Describes business events
• Supports daily operation of an organization
• All of the information within a business process or unit of work
• Example: receipt
Analytical (Information Type) Correct answer-• Describes business performance
• Supports decision making, reporting, query and analysis
• Example: identify trends in sales
Information Timeliness Correct answer-Pertains to when the information was generated.
Real-time Information vs Historical Information (Information Timeliness) Correct answer-Depends
on situation as to when the information is needed
Example:
Spotting trends is more reliant on historical information. Real-time
information shows what is happening right at that moment but does not
show what is happening next.
Information Quality Correct answer-Consistency -
Is the same data correctly reflected in all places where stored
Does the summarized data agree with the individual details
Completeness - Is all the information present
Accuracy - Is the information correct
Unique - Is the information duplicated
Timely - Is the information provided when it is needed or from the proper point in time
*Relevant - Is the information applicable
Information Governance Correct answer-Deals with how the information is managed
Availability (information governance) Correct answer-Is the data available to user and how easily is
it accessible
Usability (information governance) Correct answer-ensures the data is stored and organized in a
manner that it can be used
Security (information governance) Correct answer-Data protection - prevent from being stolen or
modified
Integrity (information governance) Correct answer-Ensuring the data is not modified from its
origination
