CIS 1.1

Business analytics use ____________ to derive meaning form data by finding patterns to make future predictions.

algorithms

What is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools?

big data

Who is responsible for determining the types of information the enterprise will capture, retain, analyze, and share, regardless of the system used to do so?

CDO

Who is responsible for (1) overseeing all uses of MIS and (2) ensuring that MIS strategically aligns with business goals and objectives? (Please use the acronym)

CIO

he person responsible for collecting, maintaining, and distributing company knowledge is the

CKO

Who is responsible for ensuring the ethical and legal use of information within a company?

CPO

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses? (Please use the acronym)

CSO

The person responsible for ensuring the speed, accuracy, availability, and reliability of the MIS is the

CTO

Who is responsible for ensuring the speed, accuracy, availability, and reliability of the MIS? (Please use the acronym)

CTO

Which of the following represent executive levels you might see created over the next decade?

Chief user experience officer Chief intellectual property officer Chief automation officer

Which of the following are dynamic reports? (Select two)

Daily stock market price report Available inventory report

What is the ability for data to be collected, analyzed, and accessible to all users (the average end user)?

Data democratization

Select the four core drivers of the information age.

Data, information, business intelligence, knowledge

Which two terms can be used interchangeably with business unit?

Department Functional area

Which statement accurately describes the relationships between departments in a company for making solid business decisions for the company to operate as a whole?

Departments are interdependent and need data from other departments

What are the three categories of analytics?

Descriptive analytics Prescriptive analytics Predictive analytics

What function does feedback serve within a system?

Helps maintain stability

What is data that humans, in interaction with computers, generate?

Human-generated structured data

Select two alternate names for an MIS department.

IT department IS department

What are the two names for the assets that reside within the minds of members, customers, and colleagues and include physical structures and recorded media?

Knowledge assets Intellectual capital

What type of analytics would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximizing revenue?

Prescriptive analytics

What uses techniques that create models indicating the best decision to make or course of action to take?

Prescriptive analytics

Select the three departments found in a typical company.

Sales Accounting Human resources

What is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages?

Unstructured data

Select all that apply What are the four common characteristics of big data?

Variety Volume Velocity Veracity

Select the question that can be answered using only raw data.

What is the date, amount sold, and customer number for a sale transaction?

Select the two benefits a business that sold hamburgers would experience if it could produce a hamburger with less expensive inputs or produce more hamburgers with the same inputs.

A likely increase in profits Rise in productivity

What is the process of identifying rare or unexpected items or events in a data set that do not conform to other items in the data set?

Anomaly detection

What is the scientific process of transforming data into insight for making better decisions?

Business analytics

How will a business estimate the impact on profits from increases or decreases in costs

By changing variables

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share __________ without human intervention.

data

The key term machine to machine (M2M) refers to devices that connect directly to other __________.

devices

What changes automatically during creation?

dynamic report

_________ includes the skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources.

knowledge

Who helps harness the wealth of knowledge in the organization?

knowledge facilitators

Who are individuals valued for their ability to interpret and analyze information?

knowledge workers

What is a data value that is numerically distant from most of the other data points in a set of data?

outlier

What is an area of business intelligence, which extracts information from data and uses it to predict future trends and identify behavioral patterns?

predictive analytics

What uses past sales data to predict future sales?

predictive analytics

what is the rate at which goods and services are produced based upon total output given total inputs?

productivity

What are tasks performed by people that customers will buy to satisfy a want or need?

services

True or false: Analytics is the science of fact-based decision making.

ture

Which big data term describes different forms of structured and unstructured data?

variety

________ workers are individuals valued for their ability to interpret and analyze information.

knowledge

Select two terms that represent what is confirmed or validated with a fact.

event or object

A _____ Is confirmation or validation of event or object

fact

What is information that returns to its original transmitter (input, transform, or output) and modifies the transmitter's actions?

feedback

What are the two primary resources knowledge workers use to make decisions?

Information and intuition

What is the primary difference between information and business intelligence?

Information primarily focuses on internal variables. BI manipulates multiple variables including both internal and external variables.

Select all that apply Human-generated structured data is data that humans, in interaction with computers, generate. Which two sources of data are human-generated structured data?

Input data Gaming data

What is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention?

Internet of Things (IoT)

Select all that apply Which of the following are classified as static report types? (Select two)

Last year's salary report Last year's sales report

What refers to devices that connect directly to other devices?

M2M

Select the accurate statement in terms of MIS.

MIS enables business success and innovation

What is the difference between existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies?

MIS skills gap

What is created by a machine without human intervention?

Machine-generated data

What is the primary purpose of data democratization?

Make data accessible to all users

What is a business function that moves information about people, products, and processes across the company to facilitate decision making and problem solving?

Management information systems

What are two sources of unstructured data?

Satellite images Social media data

Select all that apply A report is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information. What are the two common types of reports?

Static reports Dynamic reports

What is a way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part?

Systems thinking

What provides an end-to-end view of how operations work together to create a product or service?

Systems thinking

True or false: The difference between the CIO and CDO is that the CIO is responsible for the information systems through which data is stored and processed, while the CDO is responsible for the data, regardless of the information system.

TRUE

Select the group of items that can be determined using information.

The best-selling product, best customer, and worst-selling product

Which question can be answered using business intelligence?

What was the lowest sales per week compared with the economic interest rate?

What are mathematical formulas placed in software that performs an analysis on a data set?

algorithms

What is the science of fact-based decision making?

analytics

these companies were made for... amazon , Netflix , zappos

books, videos, shoes

What is a segment of a company representing a specific business function?

business unit

Which of the following was mostly unheard of prior to the information age?

college student start ups

Production is the process where a business takes raw materials and processes or converts them into finished _________ or services.

goods

What are material items or products that customers will buy to satisfy a want or need?

goods

Management ________ systems is 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.

information

What is data converted into a meaningful and useful context?

information

we live in an _____ age, when infinite quantities of facts are widely available to anyone who can use a computer

information

What is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information?

report

A (n) _________ is a collection of parts that link to achieve a common purpose. Systems are the primary enabler of cross-functional operations

system

What is a collection of parts that link to achieve a common purpose?

system

A variable is a data characteristic that stands for a value that changes or varies over __________.

time

________ analytics is the scientific process of transforming data into insight for making better decisions.

business

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

business intelligence

Which of the following is a good example of a system, since removing one part will cause the entire system to stop working?

car engine

Which of the following is an example of data as opposed to information that is derived from data?

customer number

What are the raw facts that describe the characteristics of an event or object?

data

Who extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information?

data scientists

What type of analytics is best described with a report that includes charts and graphs explaining the data?

descriptive

What uses techniques that describe past performance and history?

descriptive analytics

What includes the skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources?

knowledge

Knowledge facilitators help harness the wealth of knowledge in the organization. Knowledge facilitators help acquire and catalog the __________ in an organization.

knowledge assets

What are the human, structural, and recorded resources available to the organization?

knowledge assets

A data __________ extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information.

scientist

Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data?

sensor data / point of scale data

A(n) ________ is a view of data at a particular moment in time.

snapshot

What is a view of data at a particular moment in time?

snapshot

Select all that apply Structured data has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address. Which two sources typically store structured data?

spreadsheet / national database

What is created once based on data that does not change?

static report

What has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?

structured data

True or false: Big data is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools.

true

True or false: The value of information is only as good as the people who make use of the information.

true

A(n) ________ is a data characteristic that stands for a value that changes or varies over time.

variable

Which big data term describes the uncertainty of data, including biases, noise, and abnormalities?

veracity