Question 1

As a general rule,in order to maximize earnings,companies invest in data management technologies that increase:
A)the opportunity to earn revenues.
B)the ability to cut expenses.
C)employee turnover.
D)both a and b

Accepted Answer

Investing in data management technologies can help companies increase their opportunities to earn revenues by providing better insights into customer behavior, preferences, and market trends. At the same time, these technologies can also help companies identify areas where they can cut costs or avoid unnecessary expenses. Therefore, the best choice is D, which represents both options.

Question 2

Although vendors may claim that their __________ solution creates "a single version of the truth," this claim is probably not true.
A)master data management
B)RFID
C)data mining
D)client/server

Accepted Answer

While master data management (MDM) solutions aim to establish a single, authoritative source of accurate and consistent master data across an organization, it is not a perfect solution and may still have variations or discrepancies. Other factors, such as human error, data governance issues, and technology limitations, can also affect the accuracy and consistency of master data. Therefore, the claim of creating "a single version of the truth" through MDM may not always be accurate.

Question 3

Which of the following best represents a unique identifier field or primary key?
A)zip code
B)customer last name
C)product type
D)product ID

Accepted Answer

A unique identifier field or primary key should be unique for each record in the database and not subject to change. A product ID fits this requirement, whereas zip code, customer last name, and product type may not be unique or subject to change.

Question 4

According to the principle of __________,a majority of data lose much of their value after three months.
A)data uncertainty
B)90/90 data use
C)diminishing data value
D)data in context

Accepted Answer

The answer of According to the principle of __________,a majority...

Question 5

__________ is a structured approach for capturing,storing,processing,integrating,distributing,securing,and archiving data effectively throughout their life cycle.
A)Data mining
B)Data management
C)Metadata
D)Data visualization

Accepted Answer

Data management is the structured approach for handling data throughout its life cycle, from creation and curation to archival and distribution. It involves many processes, including storage, processing, integration, and security, to ensure that data is managed effectively and efficiently. Metadata and data visualization are related concepts but do not encapsulate the full scope of data management. Data mining involves extracting knowledge or insights from data, but it is not the same as managing the data itself.

Question 6

A computer system organizes data into a hierarchy that begins with __________,which are the smallest unit of data a computer can process.
A)bits
B)attributes
C)fields
D)bytes

Accepted Answer

A bit is the smallest unit of data that a computer can process. It is represented by either a 0 or 1, and is used to encode all the information processed by a computer. Attributes, fields, and bytes are all higher-level concepts that are built on top of bits.

Question 7

Each year,billions of dollars are wasted in the healthcare supply chain because of the lack of __________.
A)data synchronization
B)data processing
C)real-time data
D)document management

Accepted Answer

The lack of data synchronization in the healthcare supply chain leads to errors, waste, and inefficiencies. When data is not synchronized across the supply chain, it can result in duplicate orders, stockouts, excess inventory, and inaccurate demand forecasting. By having consistent and up-to-date data throughout the supply chain, organizations can make better decisions, reduce costs, and improve patient care. Therefore, data synchronization is crucial in the healthcare supply chain.

Question 8

All companies create __________,which are documents that record business activities and functions such as contracts,research and development,accounting source documents,memos,and customer/client communications.
A)business records
B)transactions
C)computer files
D)databases

Accepted Answer

Business records are the most comprehensive and accurate answer, as they cover a wide range of documents that record business activities and functions. Transactions are a part of business records but do not encompass all the different types of records a company creates. Computer files and databases are ways in which business records can be stored and managed, but do not inherently define what type of records a company creates.

Question 9

Records can be arranged in several ways on a storage medium.The arrangement of records determines:
A)how individual records can be accessed.
B)how long it takes to access records.
C)how individual records can be accessed and how long it takes to access them.
D)the storage media used for storage.

Accepted Answer

The arrangement of records determines both how individual records can be accessed and how long it takes to access them. The storage media used for storage is not necessarily determined by the arrangement of records.

Question 10

Businesses that collect data about employees and customers have the legal duty to __________.
A)destroy that data after 30 days
B)protect that data
C)retain that data for seven years
D)Both a and b

Accepted Answer

The answer of Businesses that collect data about employees and...

Question 11

Which is not a benefit of having a unified view of customers?
A)More accurate customer data to support marketing,sales,support,and service initiatives.
B)Better responsiveness to ensure that customer service representatives have up-to-date,reliable information on the customers.
C)Faster transaction processing by organizing the data in one location.
D)Better revenue management and more responsive business decisions.

Accepted Answer

Having a unified view of customers would not necessarily result in faster transaction processing. It may facilitate easier access to customer data, but the speed of processing is determined by other factors such as software and hardware capabilities.

Question 12

__________ consists of powerful software tools to discover and extract knowledge from text documents.
A)Document mining
B)Master data management
C)Knowledge mining
D)Text mining

Accepted Answer

Text mining is the process of analyzing and extracting insights from textual data. It involves using algorithms and tools to identify patterns and relationships within large volumes of unstructured data. The goal is to uncover hidden trends, sentiments, and other valuable insights that can be used to improve decision-making and drive business outcomes. Text mining is often used in conjunction with data mining, machine learning, and other advanced analytical techniques to uncover hidden insights in data.

Question 13

Magnetic tape uses __________ file organization,whereas magnetic disks and DVDs use __________ file organization.
A)sequential;direct
B)primary;secondary
C)random;direct
D)random;sequential

Accepted Answer

Magnetic tape traditionally uses sequential file organization, where files are stored one after another in the order they were written. Magnetic disks and DVDs, on the other hand, use direct file organization, where each file has a unique address that allows it to be accessed directly, rather than having to search through all the files in order. While random file organization is a potential option, it is not a commonly used term for categorizing these storage mediums. Therefore, the best answer is A, sequential for magnetic tape and direct for magnetic disks and DVDs.

Question 14

In __________ file organization,which is the way files are organized on tape,data records must be retrieved in the same physical sequence in which they are stored.
A)direct
B)random
C)sequential
D)primary

Accepted Answer

In sequential file organization, files are organized on tape in a continuous sequence, and data records must be retrieved in the same physical sequence in which they are stored. This means that to access a particular record, all the records stored before it must be read and skipped over until the desired record is reached. Therefore, sequential organization is best suited for applications where data access primarily involves reading the entire file in sequence, such as batch processing or large-scale data analysis.

Question 15

According to the principle of __________,the more recent the data,the more valuable they are.
A)data uncertainty
B)90/90 data use
C)diminishing data value
D)data in context

Accepted Answer

The principle of diminishing data value states that the more recent the data, the more valuable they are. This is because older data may become irrelevant or outdated over time, whereas newer data provides a more accurate representation of current conditions.

Question 16

Customer name,invoice number,and order date are examples of __________.
A)attributes
B)bytes
C)sectors
D)primary keys

Accepted Answer

These are all examples of attributes, or characteristics that describe a specific entity in a database. Bytes and sectors are units of digital storage, and primary keys are unique identifiers for each record in a database table.

Question 17

According to the principle of __________,data must be integrated,processed,analyzed,and formatted into "actionable information."
A)data uncertainty
B)90/90 data use
C)diminishing data value
D)data in context

Accepted Answer

The principle that best fits the given statement is "data in context," which requires data to be processed, analyzed, and formatted in a meaningful and relevant way so that it can be used to make informed decisions or take action. This involves understanding the context of the data and its significance in relation to the problem or situation at hand. The other options, such as data uncertainty, 90/90 data use, and diminishing data value, do not directly relate to the idea of turning data into actionable information.

Question 18

In the healthcare industry,data errors __________.
A)increase healthcare costs by billions of dollars
B)have minimized healthcare costs
C)have no impact on patient care
D)have been eliminated by the use of data warehousing

Accepted Answer

Data errors in healthcare can lead to incorrect diagnosis, incorrect treatment, and unnecessary testing, which all increase healthcare costs by billions of dollars. It also hampers the quality of care provided to patients. While the use of data warehousing can help to minimize data errors, eradicating it is unlikely.

Question 19

Which of the following is not a reason why managers and information workers may be constrained by data?
A)data are incomplete
B)data are stored in a data warehouse
C)data are out of context
D)data are so overwhelming that they require too much time to analyze

Accepted Answer

Storing data in a data warehouse is actually a way to make it more accessible and usable for managers and information workers, rather than a constraint. A data warehouse is designed to collect and organize data from various sources in a way that makes it easier to analyze and interpret, so it can actually help to overcome some of the other constraints, such as incomplete or out of context data, or data overload.

Question 20

What is the goal of data management?
A)To store data and documents in multiple locations to insure that they are accessible to everyone on demand.
B)To capture financial data in real-time from transactions and Web sites.
C)To provide the infrastructure and tools to transform raw data into usable corporate information of the highest quality.
D)To link databases of supply chain partners so all data can be shared.

Accepted Answer

The goal of data management is to provide the infrastructure and tools necessary to transform raw data into usable corporate information of the highest quality. This includes organizing, storing, protecting, and maintaining data throughout its life cycle, as well as ensuring its accuracy, completeness, and accessibility to authorized users. While options A, B, and D may be important aspects of data management, they do not fully capture its ultimate goal of providing high-quality, useful information to support decision-making and achieve business objectives.

Quiz 3: Data,text,and Document Management

As a general rule,in order to maximize earnings,companies invest in data management technologies that increase:

Although vendors may claim that their __________ solution creates "a single version of the truth," this claim is probably not true.

Which of the following best represents a unique identifier field or primary key?

According to the principle of __________,a majority of data lose much of their value after three months.

__________ is a structured approach for capturing,storing,processing,integrating,distributing,securing,and archiving data effectively throughout their life cycle.

A computer system organizes data into a hierarchy that begins with __________,which are the smallest unit of data a computer can process.

Each year,billions of dollars are wasted in the healthcare supply chain because of the lack of __________.

All companies create __________,which are documents that record business activities and functions such as contracts,research and development,accounting source documents,memos,and customer/client communications.

Records can be arranged in several ways on a storage medium.The arrangement of records determines:

Businesses that collect data about employees and customers have the legal duty to __________.

Which is not a benefit of having a unified view of customers?

__________ consists of powerful software tools to discover and extract knowledge from text documents.

Magnetic tape uses file organization,whereas magnetic disks and DVDs use file organization.

In __________ file organization,which is the way files are organized on tape,data records must be retrieved in the same physical sequence in which they are stored.

According to the principle of __________,the more recent the data,the more valuable they are.

Customer name,invoice number,and order date are examples of __________.

According to the principle of __________,data must be integrated,processed,analyzed,and formatted into "actionable information."

In the healthcare industry,data errors __________.

Which of the following is not a reason why managers and information workers may be constrained by data?

What is the goal of data management?