Chapter 1

Internet of Things (IoT)

A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention is known as Blank______. Multiple choice question. virtual reality the information age business intelligence the Internet of Things (IoT)

Select all that apply Which of the following are dynamic reports? (Select two) Multiple select question. Daily stock market price report Available inventory report Last year salary report Last year sales report

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)? Multiple choice question. Data democratization Productivity Business unit Systems thinking

Data democratization

What occurs when one business unit is unable to freely communicate with other business units, making it difficult or impossible for organizations to work cross-functionally? Multiple choice question. Systems thinking Department Organization Data silo

Data silo

What type of data includes text messages, social media data, and email? Multiple choice question. Human-generated unstructured data Structured data Machine-generated data

Human-generated unstructured data

A business Blank______ is a standardized set of activities that accomplish a specific task, such as processing a customer's order. Multiple choice question. activity strategy process analysis

process

time

A variable is a data characteristic that stands for a value that changes or varies over Blank______. Multiple choice question. time process business

snapshot

A(n) Blank______ is a view of data at a particular moment in time. Multiple choice question. record snapshot data fact

fact

A(n) Blank______ is the confirmation or validation of an event or object. Multiple choice question. fact knowledge information

Select all that apply Select three examples of goods. Multiple select question. Clothing Cars Groceries Waiting tables Cutting hair Teaching

Clothing Cars Groceries

What changes automatically during creation? Multiple choice question. Data report Static report Dynamic report

Dynamic report Dynamic reports can include updating daily stock market prices or calculating available inventory.

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? Multiple select question. Dynamic reports Data reports Static reports Business intelligence reports

Dynamic reports Static reports

Select all that apply Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data? Multiple select question. Point-of-sale data Text messages E-mail messages Sensor data

Point-of-sale data Sensor data

What analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry? Multiple choice question. Porter's Five Forces Model The three generic strategies Value chain analysis

Porter's Five Forces Model

Data

Raw facts that describe the characteristics of an event or object.

What is created once based on data that does not change? Multiple choice question. Data report Static report Dynamic report

Static report Static reports can include a sales report from last year or a salary report from 5 years ago.

Business intelligence (BI) is information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. Select the multiple sources. Multiple choice question. Order date, price, quantity, and sales representative CKO, CSO, CTO, CPO, and CIO Suppliers, customers, competitors, partners, and industries

Suppliers, customers, competitors, partners, and industries BI manipulates multiple variables, and in some cases even hundreds of variables, including such items as interest rates, weather conditions, even gas prices. Tony could use BI to analyze internal data such as company sales, along with external data about the environment, such as competitors, finances, weather, holidays, and even sporting events..

Big data

A collection of large, complex datasets, which cannot be analyzed using traditional database methods and tools.

Match the organization at the left with its definition at the right. Instructions Accounting Accounting drop zone empty. Finance Finance drop zone empty. Human resources Human resources drop zone empty. Marketing Marketing drop zone empty. Operations management Operations management drop zone empty. Sales

Accounting Records, measures, and reports monetary transactions. Finance Deals with strategic financial issues, including money, banking, credit, investments, and assets. Human resources Maintains policies, plans, and procedures for the effective management of employees. Marketing Supports sales by planning, pricing, and promoting goods or services. Operations management Manages the process of converting or transforming resources into goods or services. Sales Performs the function of selling goods or services

True

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 false question.TrueFalse

Select all that apply Select the three generic business strategies Porter identified for entering a new market. Multiple select question. Broad cost leadership Product differentiation Broad differentiation Focused strategy Focused leadership

Broad cost leadership Broad differentiation Focused strategy

Which of the following involves collecting information from multiple sources such as suppliers, customers, competitors, partners, and industries and analyzing patterns, trends, and relationships for strategic decision making? Multiple choice question. Knowledge workers Business intelligence Data Information

Business intelligence

What is a standardized set of activities that accomplish a specific task, such as processing a customer's order? Multiple choice question. Business process Generic strategy Value chain analysis Porter's Five Forces

Business process

What is a leadership plan that achieves a specific set of goals or objectives? Multiple choice question. Business strategy Competitive advantage Competitive intelligence First-mover advantage

Business strategy

What is a segment of a company representing a specific business function? Multiple choice question. Information age Business intelligence Business unit Knowledge facilitator

Business unit

Select two examples of services. Multiple select question. Cutting hair Waiting tables Groceries Manufacturing automobiles

Cutting hair Waiting tables

Select all that apply Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy. Multiple select question. Supply chain power Decreasing costs Increasing sales Attracting new customers Buying power

Decreasing costs Increasing sales Attracting new customers Business Strategy A leadership plan that achieves a specific set of goals or objectives such as increasing sales, decreasing costs, entering new markets or developing new products or services

What is the confirmation or validation of an event or object? Multiple choice question. Internet of Things Machine-to-Machine Information Age Fact

Fact

Select all that apply Which two terms can be used interchangeably with business unit? Multiple select question. Functional area Intelligence area Knowledge area Department Business area

Functional area Department

What are material items or products that customers will buy to satisfy a want or need? Multiple choice question. Services Outputs Inputs Goods

Goods

______ are material items or products that customers will buy to satisfy a want or need. Multiple choice question. Outputs Service Inputs Goods

Goods

Select all that apply Select three examples of goods. Multiple select question. Teaching Cutting hair Waiting tables Groceries Cars Clothing

Groceries Cars Clothing

information

In the Blank______ age, infinite quantities of facts are widely available to anyone who can use a computer. Multiple choice question. intelligence people knowledge information

Select all that apply Which of the following are classified as static report types? (Select two) Multiple select question. Last year's sales report Available inventory report Last year's salary report Daily stock market price report

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

What is the primary purpose of data democratization? Multiple choice question. Make data inaccessible to all users Make data accessible to all users

Make data accessible to all users

Machine-to-machine (M2M)

Refers to devices that connect directly to other devices. Just think of your smart watch directly connected to your smart phone.

What is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information? Multiple choice question. Report Facts Knowledge Information

Report

Select all that apply Select the three departments found in a typical company. Multiple select question. Chief Technology Officer Payroll Sales Accounting Human resources Systems thinking

Sales Accounting Human resources

Point-of-sale data Sensor data

Select all that apply Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data? Multiple select question. E-mail messages Point-of-sale data Sensor data Text messages

Radar data Scientific atmosphere satellite images

Select all that apply Select all of the types of machine-generated unstructured data. Multiple select question. Sensor data Gaming data Scientific atmosphere data Satellite images Clickstream data Radar data

Relational database Spreadsheet

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? Multiple select question. Relational database Text messages Twitter tweets Spreadsheet

Variety, Veracity, volume, velocity

Select all that apply What are the four common characteristics of big data? Multiple select question. Volume IoT M2M Dynamic Reports Veracity Variety Unstructured Data Velocity

Satellite images Social media data Photographic data Video data Text message Voice mail data

Select all that apply What are two sources of unstructured data? Multiple select question. Satellite images Gaming data Point-of-sale data Social media data

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

Select the question that can be answered using only raw data (according to Figure 1.1). Multiple choice question. What is the lowest sales per week compared with the economic interest rates? Which of the perishable items used by a restaurant should be ordered first? What is the date, amount sold, and customer number for a sale transaction?

What are tasks performed by people that customers will buy to satisfy a want or need? Multiple choice question. Goods Production Services Systems

Services Tasks people perform that customers will buy to satisfy a want or need. Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill their needs.

What is a view of data at a particular moment in time? Multiple choice question. Snapshot Dynamic report Static report

Snapshot

Drag and drop the key components against the corresponding SWOT analysis. Instructions Strengths Strengths drop zone empty. Weaknesses Weaknesses drop zone empty. Opportunities Opportunities drop zone empty. Threats

Strengths Core competencies, market leaders, cost advantages Weaknesses Lack of strategic direction, obsolete technologies, outdated product line Opportunities Expanded product line, increase in demand, new markets Threats New entrants, substitute products, shrinking markets

What is a collection of parts that link to achieve a common purpose? Multiple choice question. Production System Goods Services

System A collection of parts that link to achieve a common purpose. A car is a good example of a system because removing a part, such as the steering wheel or accelerator, causes the entire system to stop working.

Select all that apply Select all of the types of human-generated unstructured data? Multiple select question. Clickstream data Sensor data Text messages Gaming data Social media data Email

Text messages Social media data Email

data

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share Blank______ without human intervention. Multiple choice question. knowledge things data

Select the group of items that can be determined using information. Multiple choice question. The best-selling product by month compared to sports season and city team wins and losses The full list of products on shelves that are about to expire. The best-selling product, best customer, and worst-selling product

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

devices

The key term machine to machine (M2M) refers to devices that connect directly to other Blank______. Multiple choice question. things devices correct information data

Information age

The present time during which infinite quantities of Facts are widely available to anyone who use a computer.

What are the strategies for entering a new market including broad cost leadership, broad differentiation, and focused strategy? Multiple choice question. Value chain analysis Porter's five forces Primary value activity strategies Three generic business strategies

Three generic business strategies

A(n) Blank______ is a data characteristic that stands for a value that changes or varies over time. Multiple choice question. information variable fact

Variable Tony may find it valuable to anticipate how sales or cost increases affect profitability. To estimate how a 20 percent increase in prices might improve profits, Tony simply changes the price variable for all orders, which automatically calculates the amount of new profits.

Information age

What age are we currently living in when infinite quantities of facts are widely available to anyone who can use a computer? Multiple choice question. Information age Management age Knowledge age Fact age

Data

What are the raw facts that describe the characteristics of an event or object? Multiple choice question. Data Knowledge Variables Digital

Data Knowledge includes the skills, experience, and expertise that help create a person's intellectual resources.

What are the raw facts that describe the characteristics of an event or object? Multiple choice question. Data Variables Digital Knowledge

Structured data

What has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address? Multiple choice question. Snapshot Structured data Unstructured data Report

Big data

What is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools? Multiple choice question. Static report Big data Dynamic report Snapshot

Machine-generated data

What is created by a machine without human intervention? Multiple choice question. Unstructured data Big data Dynamic report Machine-generated data

Information

What is data converted into a meaningful and useful context? Multiple choice question. Knowledge Information Business intelligence Facts

Unstructured data

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? Multiple choice question. Structured data Business intelligence Unstructured data

fact

What is the confirmation or validation of an event or object? Multiple choice question. Internet of Things Machine-to-Machine Information Age Fact

Machine to machine (M2M)

What refers to devices that connect directly to other devices? Multiple choice question. Business intelligence Management information systems Machine to machine (M2M) Information age

Machine-generated unstructured data

What type of data includes satellite images, scientific atmosphere data, and radar data? Multiple choice question. Human-generated structured data Machine-generated unstructured data Structured data

Human-generated unstructured data

What type of data includes text messages, social media data, and email? Multiple choice question. Human-generated unstructured data Machine-generated data Structured data

Variety It deals with different forms of structured and unstructured data. Data from spreadsheets and databases as well as from email videos, photo and PDFs, all of which must be analyzed.

Which big data term describes different forms of structured and unstructured data? Multiple choice question. Veracity Velocity Variety Volume

A data silo occurs when one business unit is unable to freely communicate with other business units, making it difficult or impossible for organizations to work Blank______. Multiple choice question. data-silo integrated cross-functionally

cross-functionally

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) Blank______. Multiple choice question. industry department company process

industry

A (n) Blank______ is a collection of parts that link to achieve a common purpose. Multiple choice question. data system employees

system