1-5 Information Management

What is the purpose of an audit?

• To create new data

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

• To delete unnecessary files

• To design new software

What does cyber security protect against?

• Natural disasters

• Unauthorized access or criminal use

• Software updates

• Hardware malfunctions

What is data integrity concerned with?

• 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 does Information Management (IM) involve?

• Designing new software

• Collecting, organizing, storing, and securing data

• Building physical assets

• Creating marketing strategies

What is an intangible asset?

• A physical building

• A piece of machinery

• Anything of value that is not physical in nature

• A company vehicle

What is intellectual property (IP)?

• Physical goods

• Anything created from the mind or intellect

• Natural resources

• Financial assets

What is a Management Information System (MIS)?

• A manual filing system

• A computerized system supporting Information Management

• A type of hardware

• A marketing tool

What is the focus of risk management?

• Increasing profits

• Identifying and managing potential negative events

• Designing new products

• Hiring new employees

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 patent

• A government regulation

Which of the following is NOT a component of Information Management?

• Collecting data

• Organizing data

• Destroying data

• Securing data