Quiz 1 BIS

What is the correct order of the transformation from data to value in the Information Age?

• Data → Business Intelligence → Knowledge → Information

• Data → Information → Knowledge → Business Intelligence

• Data → Information → Business Intelligence → Knowledge

• Business Intelligence → Data → Information → Knowledge

Which of the following best defines data?

• Skills and expertise used in decision making

• Organized, meaningful context

• Raw facts that describe characteristics of events or objects

• Strategic information used for forecasting

The term 'big data' does NOT refer to which of the following?

• Volume

• Velocity

• Variety

• Vission

What is systems thinking?

• A way to code software using structured systems

• A method for automating services

• A way of monitoring the system by viewing inputs, processes, and outputs with feedback

• A method to evaluate product performance using KPIs

What type of data does NOT follow a specific format?

• Structured data

• Machine-generated data

• Unstructured data

• Static data

Which of the following best describes business intelligence?

• Raw facts used in reports

• Information gathered from sources to identify patterns and support decision-making

• Pre-formatted static data

• Only descriptive analytics

Which of the following best describes business intelligence?

• Raw facts used in reports

• Information gathered from sources to identify patterns and support decision-making

• Pre-formatted static data

• Only descriptive analytics

Which of Porter’s Five Forces is high when it is easy for new companies to enter a market

• Threat of substitute products

• Buyer power

• Threat of new entrants

• Supplier power

What is the main goal of Value Chain Analysis?

• To increase supplier bargaining power

• To eliminate business processes

• To view business as a series of processes that add value

• To analyze market competitors

  What is the role of a Supply Chain Management (SCM) system in Business Management Information System?

• To manage financial transactions

• To coordinate the flow of goods and services from suppliers to customers

• To optimize the production process

•   To analyze employee performance