WorksheetsPF T2
Total questions: 15
Worksheet time: 8mins
Which method of data visualisation is often used to present variance analysis and is designed so that the eye focuses on the most significant movements first?
Waterfall charts
Dashboards
Line charts
Mapping charts
Which of the following combinations describes the purposes of management information?
Planning, negotiating and decision making
Decision-making, negotiating and implementing
Planning, control and decision making
Control, decision-making and publication
Which of the following statements is/are true?
Management information is often produced from transaction processing systems.
The data used in MIS comes mainly from internal sources.
1 only
2 only
Neither 1 nor 2
Both 1 and 2
MIS are designed to report on existing operations
True
False
Which statements are true?
Budgeting is associated with operational planning.
Operational control decisions are more narrowly focused and short-term.
1 only
Neither
2 only
Both 1 and 2
Which of the following terms is used to describe an information system that provides senior executives with online access to important information obtained from both internal and external sources?
Executive information system
Enterprise resource planning system
Management information system
Transaction processing system
Which control could have prevented the HR salary breach?
Monitoring logs
Separate server
Building access levels
Password updates
Which is an example of unstructured data?
Sales spreadsheet
Monthly purchase tables
Supplier table
Email communications
Which statements are true?
Feedback is used to control future inputs.
Benchmarking info can be internal or external.
1 only
2 only
Both
Neither
Which TWO ways can Coff Co use website and loyalty card data?
Understand customer preferences
Update inventory
Analyse promotion take-up
Compile branch forecasts
Which method provides a summary of 4–5 key drivers of a business area?
Dashboards
Line charts
Tables
Waterfall charts
Which of the following improves communication and leads to information that is richer and more effective?
Data analytics
Data visualisation
Data mining
Artificial intelligence
Which is NOT a benefit of data mining for an online book retailer?
Better customer understanding
Targeted marketing
Fewer finance staff
Inventory control
Which uses AI to find hidden patterns in data?
Data analytics
Big data
Linear regression
Data visualisation
Big data analytics relies on (a) information.
