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Question 1
Free
True/False

Information that reflects current conditions in the organization is called real-time information.

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Question 2
Free
True/False

Information technology is the set of methods or techniques for acquiring, organizing, and storing information.

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Question 3
Free
True/False

Management information systems came into existence during the computer age.

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Question 4
Free
True/False

Computers express words, numbers, images, and sound in zeros and ones.

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Question 5
Free
True/False

The demand for a product is highest during the growth stage.

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Question 6
True/False

Once demand for a product starts to fall, the decline stage begins; this typically occurs when advancing IT leads to the development of a more advanced product, making the old one obsolete.

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Question 7
True/False

Microsoft Excel, a computer program which uses spreadsheets, charts, and databases, is an example of application software.

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Question 8
True/False

Managers use an operations information system for nonroutine decision-making tasks.

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Question 9
True/False

A decision-support system provides computer-built models that help managers make better nonprogrammed decisions.

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Question 10
True/False

Whereas a decision-support system organizes important information for managers, an operations information system gives managers model-building capability and the chance to manipulate information in a variety of ways.

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Question 11
True/False

A marketing manager who is trying to decide whether or not to lower the price of one of the products in a product line.She can use decision-support system to assist her in making this decision.

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False
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Question 12
True/False

Top managers make frequent use of decision-support systems in their decision-making.

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Question 13
True/False

A B2B network structure is a formal series of global strategic alliances that one or several organizations create with suppliers, manufacturers, and distributors to produce and market a product.

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Question 14
True/False

A knowledge management system systematizes the knowledge of its employees and facilitates the sharing and integrating of their expertise.

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False
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Question 15
Multiple Choice

_____ is(are) raw, unsummarized, and unanalyzed facts.

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A
Sociofacts
B
Data
C
Information
D
Feedback
E
Statistics
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Question 16
Multiple Choice

______ is data that are organized in a meaningful way.

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A
Wisdom
B
Knowledge
C
Artificial intelligence
D
Information
E
A fact
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Question 17
Multiple Choice

A graph of the profitability of each of an organization's products in a product line over the past three years is an example of

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A
raw data.
B
a software program.
C
artificial intelligence.
D
a raw fact.
E
information.
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Question 18
Multiple Choice

Which of the following is an example of real-time information?

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A
the price of a particular brand of chocolate
B
number of cars sold by a manufacturer in the last two years
C
census data over the last ten years
D
daily weather forecast details
E
literature review on a particular research study
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Question 19
Multiple Choice

Which of the following is not a factor in determining the usefulness of information?

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A
quality
B
timeliness
C
size
D
completeness
E
relevance
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Question 20
Multiple Choice

__________ determine the quality of information.

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A
Accuracy and reliability
B
Timeliness and relevance
C
Relevance and accuracy
D
Completeness and timeliness
E
Availability and reliability
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