Business Essentials 3.02 In the Know

Which of the following actions is a part of information management:

• Creating technology

• Observing competitors

• Creating data

• Disseminating information

Which of the following is a true statement about a management information system (MIS):

• It may be one part of a business's overall information management program

• Is is the same thing as an information management program

• It does not assist with a business's information management program

• It includes people, process, and practices

Which of the following is a true statement about information:

• It is simple to manage

• It is data put into a useful form

• It is the same thing as data

• It has no value for an organization

Which of the following is an example of a type of information a business MUST manage:

• Government spending

• Employees' personal bills

• Competitors' payrolls

• Accounting records

Information usually comes in either physical form or ? form.

• Book

• Note card

• Verbal

• Electronic

A benefit of informed decisions is that they

• Are usually bad decisions

• Reduce a business's risk

• Cost less money

• Hurt a business's chances at competing

Appropriate information management saves business time and money by

• Maintaining higher levels of productivity

• Increasing information overload

• Increasing paper trails

• Maintaining yearly raises for employees

How does appropriate information management affect a business's relationship with its customers?

• Businesses earn higher profits

• Businesses lose focus on customers

• Businesses serve customers more effectively

• Businesses make better financial decisions

Appropriate information management helps a business build a good reputation by

• Being consistent

• Charging high prices

• Eliminating all mistakes

• Offering quality products

Which of the following U.S. laws relates to information management:

• The Sherman Antitrust Act

• The Sarbanes-Oxley Act

• The Landrum-Griffin Act

• The Taft-Hartley Act