2.0 test review

Which of the following is an example of a type of information a business must manage:

Accounting records

How does appropriate information management affect a business's relationship with its customers?

Businesses serve customers more effectively.

Which of the following actions is a part of information management:

Disseminating information

Who is responsible for information management?

Everyone in the organization

Which of the following is a trend in information management:

Increased compliance laws and regulations

Which of the following is a true statement about information

It is data put into a useful form.

Which of the following is a true statement about a management information system (MIS)

It may be one part of a business's overall information management program

How does information management differ from a management information system (MIS)

MIS is an ordered system for processing and reporting information in an organization

Carson is a staff accountant, and he needs to look at last year's tax return. However, he can't find it anywhere. Which information management guideline is not being followed in this situation?

Make sure that information is retrievable.

What two forms does information usually come in?

Physical and Electronic

Which of the following U.S. laws relates to information management

The Sarbanes-Oxley Act

What is information management?

The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making.

Why should businesses integrate information management throughout the entire organization?

To improve communication and decision making

Managing information for business continuity is important in case of

a disaster.

How should organizations prioritize information management needs?

according to whatever the business needs

A risk involved with information management is being unprepared for a government

audit.

Appropriate information management helps a business build a good reputation by

being consistent.

Information management can be a challenge because the business world is

constantly changing.

Information usually comes in either physical form or __________ form

electronic

Who is responsible for information management?

everyone in the organization

A risk involved with information management is leaving customers unprotected from

identity theft.

Managing information regarding copyrights and trademarks helps a company to preserve its

identity.

Wireless networks are now more common due to

increased distribution of the workforce.

Appropriate information management saves businesses time and money by

maintaining higher levels of productivity.

Information management can be a challenge because

many people don't understand what it is.

A benefit of informed decisions is that they

reduce a business's risk.