Information Management Quiz

Which action is part of information management?

• creating information

• updating technology

• observing competitors

• disseminating information

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• disposing of outdated information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

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

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

• The Taft-Hartley Act

• The Landrum-Griffin Act

• The Sarbanes-Oxley Act

• The Sherman Anti-Trust Act

Managing information for business continuity is important in case of:

• a drop in stock price.

• low sales volume.

• a disaster.

• high employee turnover.

Carson is a staff accountant, and he needs to look at last year's tax return. However, he can't find it anywhere. Which information management guideline is not being followed in this situation?

• Prioritize information management needs according to business needs.

• Make sure that information is retrievable.

• Make sure that information is accurate.

• Set and consistently follow organizational information management practices.

Who is responsible for information management?

• The information management department

• Everyone in the organization

• An information technology manager

• The chief executive officer

Information management can be a challenge because

• many people don’t understand what it is.

• there is often not enough information to manage.

• no one wants to participate in it.

• there is only one right way to do it.

A risk involved with information management is being unprepared for a government

• election.

• loan.

• audit.

• tax break.