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5 Written Questions

5 Matching Questions

  1. Value of information
  2. Structured decisions
  3. Data
  4. Semistructured decisons
  5. Discretionary information
  1. a is the benefit produced by the information minus the cost of producing it
  2. b are characterized by incomplete decision making rules and the need for subjective assessments and judgments to supplement formal data analysis
  3. c repetitive, routine, and understood well enough that they can be delegated to lower level employees in the organization
  4. d are facts that are collected, recorded, stored, and processed by an information system
  5. e information that is available only to certain internal users

5 Multiple Choice Questions

  1. data converted into a meaningful and useful context
  2. the condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone
  3. striving to be the most efficient producer of a product or service
  4. usually required by a government entity such as a report to the IRS on taxable income and withholding
  5. The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.

5 True/False Questions

  1. Information overloadthe state of having more information than one can process


  2. Essential informationrequired to conduct business with external parties such as purchase orders and customer billings


  3. Needs-based strategic positioninvolves trying to serve most of all of the needs of a particular group of customers in a target market.


  4. Predictive analysisuses data warehouses and complex algorithms to forecast future events, based on historical trends and calculated probabilities.


  5. Variety-based strategic positioninvolves producing or providing a subset of the industry's products or services.


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