A) Material items or products that customers will buy to satisfy a want or need.
B) Tasks performed by people that customers will buy to satisfy a want or need.
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
D) The rate at which goods and services are produced based upon total output given total inputs.
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True/False
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Multiple Choice
A) Goods
B) Services
C) Production
D) Productivity
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Multiple Choice
A) Knowledge assets.
B) Knowledge facilitators.
C) Predictive analytics.
D) Business analytics.
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Multiple Choice
A) Sales
B) Operations management
C) Accounting
D) Marketing
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Multiple Choice
A) Cars
B) Groceries
C) Clothing
D) All of these
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Multiple Choice
A) Records, measures, and reports monetary transactions.
B) Tracks strategic financial issues, including money, banking, credit, investments, and assets.
C) Supports the sales by planning, pricing, and promoting goods or services.
D) Relies on information from operations to understand inventory, place orders, and forecast consumer demand.
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Multiple Choice
A) Static report
B) Dynamic report
C) Variable report
D) Structured report
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Multiple Choice
A) Independent
B) Autonomous
C) Interdependent
D) Self-sufficient
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Multiple Choice
A) Information technology is everywhere in business.
B) Information technology is rarely discussed in business.
C) Information technology is rarely used in organizations.
D) Information technology is found in only a few businesses.
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Multiple Choice
A) Goods
B) Services
C) Production
D) Productivity
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True/False
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Multiple Choice
A) Selling groceries
B) Managing a team
C) Cutting hair
D) All of these
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Multiple Choice
A) Raw facts that describe the characteristics of an event or object.
B) Data converted into a meaningful and useful context.
C) Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
D) Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.
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Multiple Choice
A) Cars
B) Groceries
C) Cutting hair
D) All of these
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Multiple Choice
A) Feedback thinking
B) Systems thinking
C) Output management
D) Operational thinking
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Multiple Choice
A) Data entered in a computer.
B) Controls to ensure correct processes.
C) The resulting information from the computer program.
D) The computer program that processes the data.
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Multiple Choice
A) The scientific process of transforming data into insight for making better decisions.
B) Techniques that describe past performance and history.
C) Techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
D) Techniques that create models indicating the best decision to make or course of action to take.
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Multiple Choice
A) Human-generated
B) Machine-generated
C) Machine-to-machine (M2M)
D) Unstructured data
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True/False
Correct Answer
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