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Exam 1: Business Driven Technology

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Question 51

Multiple Choice

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What refers to devices that connect directly to other devices?

A) Human-generated
B) Machine-generated
C) Machine-to-machine (M2M)
D) Systems thinking

E) A) and D)
F) A) and B)

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Question 52

Multiple Choice

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What is a report?

A) A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
B) A collection of large complex data sets, including structured and unstructured, that cannot be analyzed using traditional database methods and tools.
C) A view of data at a particular moment in time.
D) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

E) None of the above
F) A) and D)

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Question 53

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Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

What is a snapshot?

What helps acquire and catalog the knowledge assets in an organization?

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

The business decisions made by the finance department include promotion data, sales data, and advertising data.

For an organization to succeed, every department or functional area must work independently to be most effective.

What is big data?

What are descriptive analytics?

Richard Dowdall is the operations manager for Dowdall Meats, which specializes in providing deli meats and prepared foods for its local customers. Richard is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of the type of information Richard would be using to successfully perform his job?

Which of the following represents the types of data commonly found in the accounting department?

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

Which of the following does not describe structured data?

In terms of system thinking, what control ensures correct processes?

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

Companies today are successful when they combine the power of the information age with traditional business methods.

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.