BMII Obj 4.01 Review

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 a true statement about a management information system (MIS)

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

• It includes people, processes, and practices.

• It is the same thing as an information management program.

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

Which of the following actions is a part of information management

• Creating data

• Creating technology

• Disseminating information

• Observing competitors

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

• electronic

• note card

• verbal

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

• Businesses earn higher profits

• Businesses lose focus on customers

• Businesses make better financial decisions

• Businesses serve customers more effectively

Appropriate information management helps a business build a good reputation by

• being consistent.

• charging high prices.

• eliminating all mistakes.

• offering quality products.

A benefit of informed decisions is that they

• are usually bad decisions

• cost less money

• hurt a business’s chances at competing

• reduce a business’s risk

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

• The Sherman

  Anti-Trust Act

• The Sarbanes-Oxley Act

• The Landrum-Griffin Act

• The Taft-Hartley Act

Appropriate information management saves businesses time and money by

• increasing information overload

• increasing paper trails

• maintaining higher levels of productivity

• maintaining yearly raises for employees