Chapter 1
Select the three departments found in a typical company.
Accounting Human Resources Sales
A(n) SWOT _________ evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
Analysis
Which of the following are dynamic reports?
Available inventory report Daily stock market price report
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
Select the three generic business strategies Porter identified for entering a new market.
Broad cost leadership Broad differentiation Focused strategy
What is a standardized set of activities that accomplish a specific task, such as processing a customer's order?
Business Process
What is a leadership plan that achieves a specific set of goals or objectives?
Business strategy
What are the raw facts that describe the characteristics of an event or object?
Data
What is the ability for data to be collected, analyzed, and accessible to all users (the average end user)?
Data democratization
Which two terms can be used interchangeably with business unit?
Department Functional Area
What changes automatically during creation?
Dynamic Report
What is data that humans, in interaction with computers, generate?
Human-generated structured data
Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
Increasing sales Attracting new customers Decreasing costs
What is data converted into a meaningful and useful context?
Information
Which of the following are classified as static report types? (Select two)
Last year's sales report Last year's salary report
What refers to devices that connect directly to other devices?
Machine to machine (M2M)
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 analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry?
Porter's Five Forces Model
What is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information?
Report
What evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies?
SWOT analysis
What are two sources of unstructured data?
Satellite Data Social Media Data
Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data?
Sensor Data Point of Sale Data
What is a view of data at a particular moment in time?
Snapshot
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?
Spreadsheets Relational Databases
What is created once based on data that does not change?
Static Report
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 has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?
Structured Data
What is a collection of parts that link to achieve a common purpose?
System
What are the strategies for entering a new market including broad cost leadership, broad differentiation, and focused strategy?
Three generic business strategies
A business _________ is a standardized set of activities that accomplish a specific task, such as processing a customer's order.
process
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 segment of a company representing a specific business function?
Business unit
Select two terms that represent what is confirmed or validated with a fact.
Event; Object
Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in a(n) _________.
Industry
What age are we currently living in when infinite quantities of facts are widely available to anyone who can use a computer?
Information Age
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?
The Internet of Things (IoT)
Select the group of items that can be determined using information.
The best-selling product, best customer, and worst-selling product
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
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
Which big data term describes different forms of structured and unstructured data?
Variety
Which big data term describes the scale of data?
Volume
Select the question that can be answered using only raw data.
What is the date, amount sold, and customer number for a sale transaction?
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
A(n) ________ is the confirmation or validation of an event or object.
fact
In the _________ age infinite quantities of facts are widely available to anyone who can use a computer.
information
A(n) ________ is a view of data at a particular moment in time.
snapshot