CIS chap 2A questions

What is a report changes automatically during creation?

dynamic

Which type of data is created by a machine without human intervention?

machine generated data

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

static

A(n) ________ is the confirmation or validation of an event or object.

Fact

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.

Which of the following terms is commonly associated with the Internet of Things?

Machine to machine

three pressures that Michael Porter identified as potential profitability of a company.

New market entrants can steal potential investment capital. Substitute products can steal customers. Influential suppliers can drive down profits by charging higher prices for supplies.

Select three factors used to assess buyer power

Number of customers Sensitivity to price Size of orders

Which of the following display examples of data?

Order data Amount sold Customer number

What is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Threat of new entrants

What is high when there are many alternatives to a product or service and low when there are few alternatives from which to choose?

Threat of substitute products or services

True or false: A snapshot is a view of data at a particular moment in time.

True

Which of the following displays examples of information?

best selling product and worst customer

What is a leadership plan that achieves a specific set of goals or objectives?

business strategy

In analyzing a business, the characteristics of an individual sale, such as the order date, are best referred to as ______.

data

3 goals or objectives that a leadership plan might include to achieve a solid business strategy.

decreasing cost attracting new customers increasing sales

Product __________ occurs when a company develops unique differences in its products or services with the intent to influence demand.

differentiation

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same for survival?

entry barrier

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

event object

Rivalry among existing competitors is _____ when competition is fierce in a market and ______ when competitors are more complacent.

high, low

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

In the _________ age infinite quantities of facts are widely available to anyone who can use a computer.

information

What is data converted into a meaningful and useful context?

information

What is a world where interconnected Internet-enabled devices or "things" have the ability to collect and share data without human intervention?

internet of things

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

knowledge workers

What refers to devices that connect directly to other devices?

machine to machine

Factors used to appraise supplier power include ________

number of suppliers uniqueness of services avalibilty of sub products

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

report

What is high when competition is fierce in a market and low when competitors are more complacent?

rivalry among existing competitors

Which of the following are types of machine-generated structured data?

sensor data point of sale data web log data

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

structured data

What is typically stored in a traditional system such as a relational database or spreadsheet and accounts for about 20 percent of the data that surrounds us.

structured data

What consists of all parties involved, directly or indirectly, in obtaining raw materials or a product?

supply chain

________ costs are costs that make customers reluctant to switch to another product or service.

switching

Competitive advantages are typically ___________.

temporary

Which of the following are types of unstructured data?

texts, twitter tweets, emails

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

time

True or false: A report can cover a wide range of subjects or specific subject for a certain time period or event.

true

True or false: The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyze the information. Thus information has value only insofar as the people using it do as well.

true

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

variable

The Internet of Things (IoT) is a world where interconnected Internet-enabled devices or "things" have the ability to collect and share data __________ human intervention.

without