In the Know LAP Quiz

1. Which of the following is a true statement regarding information management:

• 1. It’s necessary for making even small business decisions.

• 1. It’s used exclusively by upper-level management.

• 1. It’s the same thing as an MIS.

• 1. It’s the same thing as data processing.

1. An MIS (management information system) involves people, processes, and

• 1. payroll.

• 1. practices.

• 1. financial statements.

• 1. decisions.

1. Information is created from

• 1. personnel files.

• 1. technology.

• 1. data.

• 1. accounting records.

1. A social media post is a type of __________ information.

• 1. unnecessary

• 1. physical

• 1. financial

• 1. virtual

1. Appropriate information management can

• 1. create more difficult decisions.

• 1. result in audits.

• 1. create more jobs.

• 1. save time and money.

1. Information management can keep employees from becoming overwhelmed with too much information, a condition known as information

• 1. overkill.

• 1. burden.

• 1. overload.

• 1. drain.

1. Which of the following is a true statement regarding information management:

• 1. There is no right way to do it.

• 1. It’s easy for all employees to understand.

• 1. It rarely changes.

• 1. A business will avoid being audited if it manages information.

1. A business uses information management to protect its

• 1. competitors from being hacked.

• 1. trade secrets from being stolen.

• 1. computer network from crashing.

• 1. employees from injury.

1. Failing to manage information properly is most likely to cause a business to

• 1. be unprepared for a disaster.

• 1. declare corporate bankruptcy.

• 1. be shut down by the government.

• 1. save money on technology costs.

1. Which of the following is a trend in information management:

• 1. Decreased competition

• 1. Less incoming information

• 1. Fewer electronic documents

• 1. Increased use of outsourcing