370 Final Exam with precise detailed
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answers
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
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answers
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
