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Analytics, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

A) True
B) False

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Which of the following is considered a core driver of the information age?


A) Information
B) Business Intelligence
C) Knowledge
D) All of these

E) B) and C)
F) A) and D)

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Richard Dowdall is the operations manager for Dowdall Meats, which specializes in providing deli meats and prepared foods for its local customers. Richard is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of knowledge that Richard would be using to successfully perform his job?


A) Rebecca Wilson is customer number 15467.
B) Tyson is supplier number 8745643.
C) Best-selling product by day.
D) Best-selling product changes when Pete, the prepared foods chef, is working.

E) All of the above
F) C) and D)

Correct Answer

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What is a collection of large complex data sets that cannot be analyzed using traditional database methods and tools?


A) Knowledge
B) Big data
C) Snapshot
D) Internet of things

E) A) and D)
F) B) and D)

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What is the science of fact-based decision making?


A) Business intelligence
B) Information
C) Knowledge
D) Analytics

E) All of the above
F) B) and C)

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Which of the following provides an example of information?


A) Who is customer number 12345XX?
B) What is product number 12345XX?
C) What customer number is Bob Smith?
D) What is my slowest-selling product?

E) A) and D)
F) A) and C)

Correct Answer

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In terms of system thinking, what is data entered in a computer?


A) Input
B) Output
C) Process
D) Feedback

E) C) and D)
F) B) and D)

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Which of the following represents the types of data commonly found in the operations management department?


A) Monetary data
B) Payroll data
C) Production data
D) Employee data

E) None of the above
F) B) and C)

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What type of report can include updating daily stock market prices or the calculation of available inventory?


A) Static report
B) Dynamic report
C) Variable report
D) Structured report

E) A) and B)
F) A) and C)

Correct Answer

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The business decisions made by the accounting department include transactional data, purchasing data, payroll data, and tax data.

A) True
B) False

Correct Answer

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Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.


A) Knowledge workers
B) Knowledge thinkers
C) Knowledge resources
D) Knowledge players

E) A) and B)
F) A) and C)

Correct Answer

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What type of structured data includes input data, click-stream data, or gaming data?


A) Human-generated
B) Machine-generated
C) Machine-to-machine (M2M)
D) Systems thinking

E) A) and D)
F) All of the above

Correct Answer

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If you were thinking about a washing machine as a system which of the following represents the inputs?


A) The dirty clothes, water, and detergent.
B) The clean clothes.
C) The wash and rinse cycle.
D) The light indicating that the washer is off balance and has stopped.

E) B) and D)
F) All of the above

Correct Answer

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Which of the following represents the definition of a variable?


A) A data characteristic that is collected through competitive intelligence and cannot change over time.
B) A data characteristic that stands for a value that changes or varies over time.
C) A data characteristic that stands for a value that does not change or vary over time.
D) A data characteristic that is collected only through competitive intelligence and can change over time.

E) A) and B)
F) None of the above

Correct Answer

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What extracts information from data and uses it to predict future trends and identify behavioral patterns?


A) Internet of things
B) Predictive analytics
C) Machine to machine
D) Flat world

E) A) and C)
F) All of the above

Correct Answer

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If you were thinking about a dishwasher as a system which of the following represents the feedback?


A) The dirty dishes, water, and detergent.
B) The clean dishes.
C) The washing and rinsing.
D) The light indicating that the dishwasher is done.

E) A) and B)
F) None of the above

Correct Answer

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Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

A) True
B) False

Correct Answer

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If you were thinking about a washing machine as a system which of the following represents the process?


A) The dirty clothes, water, and detergent.
B) The clean clothes.
C) The wash and rinse cycle.
D) The light indicating that the washer is off balance and has stopped.

E) None of the above
F) All of the above

Correct Answer

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Data is useful for understanding individual sales, but to gain deeper insight into a business, data needs to be turned into information. Which of the following offers an example of turning data into information?


A) Who are my best customers?
B) What is my best-selling product?
C) What is my slowest-selling product?
D) All of these choices are correct.

E) A) and C)
F) B) and C)

Correct Answer

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Which of the following is not a core driver of the information age?


A) Information
B) Knowledge
C) Internet of Things
D) Data

E) A) and B)
F) C) and D)

Correct Answer

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Showing 61 - 80 of 249

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