CFA Study Guide

Identify a difference between raw data and information.

• Unlike information, raw data are the same as knowledge.

• Unlike raw data, information consists of facts and figures.

• Unlike information, raw data can influence someone's choices and behavior

• Unlike raw data, information has context.

Which of the following is the prediction that about every two years, computer processing power would double and its cost drop by 50%.

• Moore’s Law

• Amdahl’s Law

• Metcalfe’s Law

• Haitz’s Law

A healthcare organization implements an Electronic Health Record (EHR) system to store medical records electronically streamline communication between healthcare providers, improve patient care coordination. What is the primary goal of this information systems.

• To schedule appointments for patients

• To enhance patient care and information sharing

• To manage employee performance evaluations

• • 
    

    To optimize medical billing processes

A retail company implements a Point of Sale (POS) system to streamline transactions, track inventory in real-time, and generate sales reports. What is the primary purpose of this information system?

• To manage employee schedules

• To monitor customer feedback

• To support sales operations and inventory management

• To facilitate internal communication

A database backup can include information on who made what changes and when since the previous database backup.

• True

• False

When a user types on the keyboard of a microcomputer, the keystrokes are converted into digital signals that the computer can understand. What component of the microcomputer processes these input signals?

• CPU

• Monitor

• Mouse

• Keyboard

The main circuit board in a microcomputer, which houses the CPU, memory modules, expansion slots, and other components is called

• CPU

• RAM

• Motherboard

• Power supply unit.

Which component of a microcomputer is responsible for temporarily storing data and instruction that the CPU (Central Processing Unit) needs to access quickly?

• Hard drive

• RAM (Random Access Memory)

• CPU cache

• Optical drive

What is a network on linked computers that serves users in a single building or building complex called?

• Decisions Support System (DSS)

• Local Area Network (LAN)

• Wide Area Network (WAN)

• World Wide Web (WWW

A microcomputer user inserts a DVD into the optical drive to watch a movie. Which component of the microcomputer is responsible for reading the data stored on the DVD?

• CPU

• RAM

• Hard drive

• Optical drive