MGMT 301 Chapter 17

MGMT 301 Chapter 17

Assessment

Flashcard

Business

University

Hard

Created by

Wayground Content

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24 questions

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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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