E-Business Section 1 (14 to 18 and 8 to 12)

______ is raw facts that describe the characteristics of an event or object, while ______ is a collection of large, complex data sets, which cannot be analyzed using traditional database methods and tools.

• Data, information

• Data, big data

• Information, big data

• Big data, information

Which of the following is considered information?

• Quantity sold

• Date sold

• Best-selling item by month

• Product sold

Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

• Knowledge workers

• Knowledge thinkers

• Knowledge resources

• Knowledge players

______ refers to high-quality information that is correct and has no errors.

• Consistent

• Accurate

• Complete

• Unique

Timely information is a characteristic of high-quality information that refers to:

• Correct information with no errors

• How each transaction or event is represented only once

• Information has no missing values

• Current and updated information

Successfully collecting, organizing, sorting, and analyzing information can provide tremendous insight into how an organization is performing.

• True

• False

Good business decisions depend on the quality of the information used to make the decisions, regardless the tools available to facilitate access to the information.

• True

• False

Complete information refers to how each transaction or event is represented only once.

• True

• False

Consistent information means that summary is equal to details, or total is the sum of individual items.

• True

• False

Data flow maintains information about various types of objects (inventory), events (transactions), people (employees), and places (warehouses).

• True

• False