BF160 Quiz 1 Review

Which of the following is an example of a Critical Success Factor (CSF)?

• Increase in customer satisfaction

• Decrease in Business Revenue

• Shareholder Information

• Increase in Employee Layoffs

What are the two common methods used for integrating databases, whether for applications or data? 

• Revenues and Profit

• Forward and Backward Integrations

• Raw and Real Data

• Inward and Outward Integrations

How does the common data repository contribute to the functionality of an ERP system? 

• By limiting data access to specific departments 

• Putting a password on a spreadsheet

• By storing and retrieving information in real time for every department 

• only the CEO can access the system

How do Key Performance Indicators (KPIs) differ from Critical Success Factors (CSFs) in the MIS projects framework? 

• KPI is general data whate CSFs is niche data

• KPI is right answers and CSF is the wrong answer.

• KPIs are specific metrics, while CSFs are general measurements

• KPIs evaluate project progress, while CSFs indicate project success.

Why do many organizations find themselves in the position of being "data rich and information poor."

• It is too much data to analyze

• There is MIS Department

• Clients' reluctance to share information

• Challenges in turning business data into business intelligence 

A situation where team members use multiple spreadsheets on their desktops to record, store and analyze the information about a company’s clients is an example of___________

________ helps determine the volume of business required to make a profit at current prices charged for products or services. 

A _______ changes automatically during creation, providing updated information such as daily stock market prices. 

_____ is a storage repository that holds a vast amount of raw data in its original format until the business needs it.

____________ are the crucial steps companies perform to achieve their goals and objectives and implement their strategies