In the Know LAP Test

1. Which of the following actions is a part of information management:

• 1. Creating technology

• 1. Observing competitors

• 1. Creating data

• 1. Disseminating information

1. Which of the following is a true statement about a management information system (MIS):

• 1. It does not assist with a business’s information management program.

• 1. It includes people, processes, and practices.

• 1. It may be one part of a business’s overall information management program.

• 1. It is the same thing as an information management program.

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

• 1. It is simple to manage.

• 1. It is data put into a useful form.

• 1. It is the same thing as data.

• 1. It has no value for an organization.

1. Which of the following is an example of a type of information a business must manage:

• 1. Accounting records

• 1. Competitors’ payrolls

• 1. Employees’ personal bills

• 1. Government spending

1. Information usually comes in either physical form or __________ form.

• 1. electronic

• 1. verbal

• 1. note card

• 1. book

1. A benefit of informed decisions is that they

• 1. cost less money.

• 1. hurt a business’s chances at competing.

• 1. are usually bad decisions.

• 1. reduce a business’s risk.

1. Appropriate information management saves businesses time and money by

• 1. increasing paper trails.

     maintaining yearly

• 1. raises for employees.

• 1. increasing information overload.

• 1. maintaining higher levels of productivity.

1. How does appropriate information management affect a business’s relationship with its customers?

• 1. Businesses lose focus on customers.

• 1. Businesses earn higher profits.

• 1. Businesses serve customers more effectively.

• 1. Businesses make better financial decisions.

1. Appropriate information management helps a business build a good reputation by

• 1. eliminating all mistakes.

• 1. offering quality products.

• 1. charging high prices.

• 1. being consistent.

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

• 1. The Sarbanes-Oxley Act

• 1. The Sherman Antitrust Act

• 1. The Landrum-Griffin Act

• 1. The Taft-Hartley Act