Test Bank for M Information Systems 4th.pdf

Test Bank for M Information Systems Management Information Systems: Business Driven MIS True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. True False 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. True False 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 False 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 False 5. Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. True False 1-3 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. True False 7. A variable is a business intelligence characteristic that stands for a value that cannot change over time. True False 8. A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books. True False 9. Zappos is not a technology company; its primary business focus is to sell books. True False 10. Order date, amount sold, and customer number are all forms of data. True False 11. Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge. True False 12. Information is data converted into a meaningful and useful context. The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyze the information. True False 1-4 13. The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. True False 14. Machine to machine (M2M) refers to devices that connect directly to other devices. True False 15. The Internet of Things (IoT) refers to devices that connect directly to other devices. True False 16. Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns. True False 17. Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. True False 18. Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments. True False 19. Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns. True False 1-5 20. Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations. True False 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. 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 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. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Remember 1-111 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 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 1-112 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. 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 1-113 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. 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 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. AACSB: Reflective Thinking AACSB: Technology Accessibility: Keyboard Navigation Blooms: Understand 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 1-114 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. 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 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 1-115 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 12. Information is data converted into a meaningful and useful context. The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyze the information. TRUE Information is data converted into a meaningful and useful context. The truth about information is that its value is only as good as the people who use it. 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 13. The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. TRUE The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 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 1-116 14. Machine to machine (M2M) refers to devices that connect directly to other devices. TRUE Machine to machine (M2M) refers to devices that connect directly to other devices. 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 15. The Internet of Things (IoT) refers to devices that connect directly to other devices. FALSE The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 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 16. Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns. TRUE Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns. AACSB: Reflective Thinking 1-117 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 17. Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. FALSE The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 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 18. Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments. TRUE Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments. AACSB: Reflective Thinking AACSB: Technology 1-118