Information technology and information systems

Big data contains both financial and non-financial data. Is the above statement true or false?

• True

• False

Cloud computing allows storage and accessing of data programs over the internet instead of on the computer’s hard drive. Is the above statement true or false?

• True

• False

U Co has recently commissioned a report into the potential sales of a prototype product that it has developed. The report is extremely detailed and filled with jargon. The management of U are finding it difficult to follow the report’s findings. Which of the following criteria of good quality information is NOT being met by this report?

• Relevant

• Complete

• Accurate

• Understandable

Which of the following is a reasonable drawback of using a database?

• Any system failures may cause widespread disruption and loss of information

• It is difficult for two people to use it at the same time

• The quantity of information is limited to just a few thousand records

• Costs of setting it up often outweigh the benefits of using it

Which of the following systems pools data from internal and external sources and makes information available to senior managers for strategic, unstructured decision-making?

• Expert Systems (ES)

• Decision Support Systems (DSS)

• Executive Information Systems (EIS)

• Management Information Systems (MIS)

FFK company is a small manufacturing company supplying wholesale customers who order goods by phone. It operates from one site and has its own internal accounts department. Labels for goods to be despatched are printed on-site and the goods are then collected by a local courier service for delivery. Inventory levels for key components are monitored electronically and suppliers receive automatic notification when deliveries are required. Based on the information provided, which ONE of the following features of FFK company’s business model are MOST likely to expose them to cyber-security threats?

• Orders placed by phone

• Internal accounts department

• Use of a local courier service

• Inventory arrangement with component suppliers

Which of the following is NOT a benefit of big data analytics?

• Improved decision making

• Greater focus on customer needs and wants

• Increased security of data

• Product innovation

Blockchain technology presents the possibility of an accounting system that can be continuously updated and verified without the threat of being altered or corrupted. Is above statement true or false?

• True

• False

Phishing is a type of computer virus. Is above statement true or false?

• True

• False

This system type converts data from a transaction processing system into information for monitoring performance and maintaining co-ordination. Which of the below mentioned systems is being described in the above statement?

• Decision support system

• Expert system

• Management information system