
MGMT 301 Chapter 17
Flashcard
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Business
•
University
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Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Which of the following is the prediction that about every two years, computer processing power would double and its cost would drop by 50%?
Back
Moore's law
2.
FLASHCARD QUESTION
Front
Which of the following terms refers to facts and figures that are useless unless they have meaning? Variable, Knowledge, Raw data, Census data
Back
Raw data
3.
FLASHCARD QUESTION
Front
Identify a difference between raw data and information.
Back
Unlike raw data, information has context.
4.
FLASHCARD QUESTION
Front
In the context of the costs of useful information, Kamara Jobs has incurred a(n) _____ when it pays $200,000 to obtain the proven technology required to launch its global online application.
Back
acquisition cost
5.
FLASHCARD QUESTION
Front
Allied Corp., a multinational corporation, has spent $500 million on a new data center that allows the firm to rapidly transform raw data into useful information. This enables the smooth functioning of the firm's operations. In this case, Allied Corp. has incurred a(n) ______.
Back
processing cost
6.
FLASHCARD QUESTION
Front
Storage cost is the cost of ______.
Back
physically or electronically archiving information for later use
7.
FLASHCARD QUESTION
Front
In the scenario where Soundwave Communication Services had to spend a large sum of money to regain access to the information due to a technical fault in its servers, the cost borne by them is a(n) ______.
Back
retrieval cost
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