Information that reflects current conditions in the organization is called real-time information.
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Question 2
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Information technology is the set of methods or techniques for acquiring, organizing, and storing information.
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Question 3
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Management information systems came into existence during the computer age.
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Question 4
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Computers express words, numbers, images, and sound in zeros and ones.
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Question 5
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The demand for a product is highest during the growth stage.
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Question 6
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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
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Managers use an operations information system for nonroutine decision-making tasks.
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Question 9
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A decision-support system provides computer-built models that help managers make better nonprogrammed decisions.
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Question 10
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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
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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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Question 12
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Top managers make frequent use of decision-support systems in their decision-making.
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Question 13
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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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Question 15
Multiple Choice
_____ is(are) raw, unsummarized, and unanalyzed facts.
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Sociofacts
Data
Information
Feedback
Statistics
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Question 16
Multiple Choice
______ is data that are organized in a meaningful way.
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Wisdom
Knowledge
Artificial intelligence
Information
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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raw data.
a software program.
artificial intelligence.
a raw fact.
information.
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Question 18
Multiple Choice
Which of the following is an example of real-time information?
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the price of a particular brand of chocolate
number of cars sold by a manufacturer in the last two years
census data over the last ten years
daily weather forecast details
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?