BUS 1-5 Review

What is the purpose of an audit?

• To create new business strategies

• To evaluate the safety, integrity, and accuracy of information

• To develop marketing plans

• To increase company profits

What does Cyber Security aim to protect?

• Financial assets

• Employee satisfaction

• Networks, devices, and data from unauthorized access

• Company reputation

What is the focus of Data Integrity?

• The speed of data processing

• The accuracy and validity of data over its lifecycle

• The cost of data storage

• The design of data systems

What is Information Management primarily concerned with?

• Designing new software

• Collecting, organizing, storing, and securing data

• Hiring new employees

• Increasing sales

What is an Intangible Asset?

• A physical product

• A type of currency

• Anything of value that is not physical in nature

• A company vehicle

What does Intellectual Property refer to?

• Physical property like buildings

• Anything created from the mind or intellect

• Company profits

• Employee benefits

What is a Management Information System (MIS)?

• A system for managing employee schedules

• A computerized system that supports Information Management

• A tool for financial analysis

• A method for customer service

What is the goal of Risk Management?

• To increase company profits

• To identify, understand, and predict risks

• To develop new products

• To improve employee morale

What is a Trade Secret?

• A publicly known business strategy

• A practice or process with economic value not generally known outside the company

• A type of financial report

• A government regulation

Access to _________________ is critical and necessary for business success.

• information

• 
  systems

• 
  processes

• 
  property