BM2U4

Which action is part of information management?

• creating information

• updating technology

• observing competitors

• disseminating information

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

• The business earn higher profits.
  

• The business loses focus on customers.

• The business makes better financial decisions.

• The business serves 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.

Marvin, the staff accountant, is unable to find last year's tax return. What information management guideline is he failing to follow?

• listing information for accuracy
  

• disposing of outdated information

• purchasing consistent information

• maintaining information for retrieval

Which information must a business manage?

• accounting records
  

• competitors’ payrolls

• government spending

• employees’ personal bills

Managing information regarding copyrights and trademarks helps a company to preserve its:

• correspondence.
  

• customers.

• identity.

• inventory.

To reduce the risks associated with noncompliance, a business should continuously monitor:

• government regulations.

• competitors’ activities.

• judicial opinions.

• social etiquette.

ABC Corporation makes its employees sign a noncompete agreement. This agreement states that employees who leave the company are restricted from working for a competitor for two years. The purpose of this agreement is to make sure that competitors are unable to obtain ABC Corporation's trade secrets. What type of information is ABC Corporation protecting?

• business

• employee

• technology

• management

During a staff meeting, the company's president states, "Samari Enterprises experienced a three percent increase during the first quarter and a five percent increase during the second quarter of this fiscal year." What type of information is the president providing?

• raw data

• tacit knowledge

• personal opinion

• explicit knowledge

To reduce the risk of future legal problems, a company might require its business partners to sign a formal:

• contract.

• invoice.

• premium.

• warrant.