Question 1

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A) True 
 B)False

Question 2

The sales and marketing departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not a technology company but, used technology to revamp the business process of renting videos?

Accepted Answer

A)   Netflix
B)   Dell
C)   Zappos
D)   AmazonE) B) and D)
F) All of the above

Question 4

What uses techniques that create models indicating the best decision to make or course of action to take?

Accepted Answer

A)   Business analytics.
B)   Descriptive analytics.
C)   Prescriptive analytics.
D)   Predictive analytics.E) A) and C)
F) B) and D)

Question 5

What are the characteristics of unstructured data?

Accepted Answer

A)   Does not follow a specified format.
B)   Free-form text.
C)   Emails, twitter tweets, and text messages.
D)   All of these.E) All of the above
F) A) and B)

Question 6

Which of these choices is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A)   Buyer power
B)   Data
C)   Fact
D)   Entry barrierE) None of the above
F) B) and C)

Question 7

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Accepted Answer

A) True 
 B)False

Question 8

If you were thinking about a home theater system which of the following represents the feedback?

Accepted Answer

A)   The DVD player, DVD movie, speakers, TV, and electricity.
B)   Playing the movie including the audio through the speakers and the video on the TV.
C)   A message stating that the disk is dirty and cannot be played.
D)   Spinning the disk to play, pause, rewind, or fast forward.E) A) and B)
F) B) and C)

Question 9

What is the rate at which goods and services are produced based upon total output given total inputs?

Accepted Answer

A)   Goods
B)   Services
C)   Production
D)   ProductivityE) None of the above
F) C) and D)

Question 10

What is the Internet of Things?

Accepted Answer

A)   A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
B)   The extraction of information from data used to predict future trends and identify behavioral patterns.
C)   A series of devices that connect directly to other devices.
D)   Opportunities to change the way people purchase books.E) C) and D)
F) A) and C)

Question 11

Knowledge assets, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

Accepted Answer

A) True 
 B)False

Question 12

What uses techniques that describe past performance and history?

Accepted Answer

A)   Business analytics.
B)   Descriptive analytics.
C)   Prescriptive analytics.
D)   Predictive analytics.E) All of the above
F) C) and D)

Question 13

Which of the following is not a technology company, but used technology to revamp the business process of selling books?

Accepted Answer

A)   Netflix
B)   Dell
C)   Zappos
D)   AmazonE) C) and D)
F) A) and B)

Question 14

Which activities belong in the human resources department?

Accepted Answer

A)   Records, measures, and reports monetary transactions.
B)   Tracks strategic financial issues, including money, banking, credit, investments, and assets.
C)   Supports the sales by planning, pricing, and promoting goods or services.
D)   Maintains policies, plans, and procedures for the effective management of employees.E) None of the above
F) All of the above

Question 15

What is data?

Accepted Answer

A)   Raw facts that describe the characteristics of an event or object.
B)   Facts converted into a meaningful and useful context.
C)   Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
D)   Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.E) A) and C)
F) A) and B)

Question 16

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Accepted Answer

A)   Sales
B)   Operations management
C)   Accounting
D)   FinanceE) None of the above
F) B) and C)

Question 17

If a business could produce the same hamburger with less expensive inputs, it would probably see a decrease in profits.

Accepted Answer

A) True 
 B)False

Question 18

In terms of system thinking, what is the computer program that processes the data?

Accepted Answer

A)   Input
B)   Output
C)   Process
D)   FeedbackE) All of the above
F) B) and C)

Question 19

Which data types are typically found in the finance department?

Accepted Answer

A)   Promotion data, sales data, advertising data.
B)   Employee data, promotion data, vacation data.
C)   Investment data, monetary data, reporting data.
D)   Transactional data, purchasing data, payroll data, tax data.E) C) and D)
F) None of the above

Question 20

Which of the following is not a technology company, but used technology to revamp the business process of selling shoes?

Accepted Answer

A)   Netflix
B)   Dell
C)   Zappos
D)   AmazonE) C) and D)
F) All of the above

Exam 1: Business Driven Technology

Which data types are typically found in the finance department?

Correct AnswerverifiedShow Answer

If you were thinking about a home theater system which of the following represents the feedback?

Correct AnswerverifiedShow Answer

Which of the following is not a technology company, but used technology to revamp the business process of selling books?

Correct AnswerverifiedShow Answer

Knowledge assets, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

Correct AnswerverifiedShow Answer

In terms of system thinking, what is the computer program that processes the data?

Correct AnswerverifiedShow Answer

What is data?

Correct AnswerverifiedShow Answer

What is the rate at which goods and services are produced based upon total output given total inputs?

Correct AnswerverifiedShow Answer

Which of these choices is the key term that defines the confirmation or validation of an event or object?

Correct AnswerverifiedShow Answer

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Correct AnswerverifiedShow Answer

What uses techniques that create models indicating the best decision to make or course of action to take?

Correct AnswerverifiedShow Answer

The sales and marketing departments primarily use monetary data.

Correct AnswerverifiedShow Answer

Which activities belong in the human resources department?

Correct AnswerverifiedShow Answer

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Correct AnswerverifiedShow Answer

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Correct AnswerverifiedShow Answer

What is the Internet of Things?

Correct AnswerverifiedShow Answer

Which of the following is not a technology company but, used technology to revamp the business process of renting videos?

Correct AnswerverifiedShow Answer

What uses techniques that describe past performance and history?

Correct AnswerverifiedShow Answer

What are the characteristics of unstructured data?

Correct AnswerverifiedShow Answer

Which of the following is not a technology company, but used technology to revamp the business process of selling shoes?

Correct AnswerverifiedShow Answer

If a business could produce the same hamburger with less expensive inputs, it would probably see a decrease in profits.

Correct AnswerverifiedShow Answer

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