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Business Driven Technology Study Set 4

Business

Quiz 1 :

Business Driven Technology

Quiz 1 :

Business Driven Technology

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A variable is a business intelligence characteristic that stands for a value that cannot change over time.
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True False
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Answer:

False

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Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.
Free
True False
Answer:

Answer:

True

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Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.
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True False
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Answer:

False

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Companies today are successful when they combine the power of the information age with traditional business methods.
True False
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Information is data converted into a meaningful and useful context. 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.
True False
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Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
True False
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The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer and has internet access.
True False
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Business intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.
True False
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Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.
True False
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Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.
True False
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The Internet of Things (IoT) refers to devices that connect directly to other devices.
True False
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Zappos is not a technology company; its primary business focus is to sell books.
True False
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Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.
True False
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A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books.
True False
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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.
True False
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The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
True False
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Machine to machine (M2M) refers to devices that connect directly to other devices.
True False
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Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.
True False
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Order date, amount sold, and customer number are all forms of data.
True False
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Using only data and information to make decisions and solve problems is the key to finding success in business. These are also the only core drivers of the information age and the building blocks of business systems.
True False
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