Why does e-business emphasize restructuring business processes?

To maximize efficiency through digital technologies.

What is the difference between tangible and intangible value of information?

Tangible value is measurable; intangible value is not.

Which of the following demonstrates intangible value of information?

A report improving decision-making processes.

Which of the following is an example of transforming data into information?

Generating a monthly sales report from raw sales data.

What is one of the main benefits of e-business for organizations?

Enhancing efficiency in information exchanges.

Which of the following describes timely information?

Information available when needed.

How does data differ from information?

Data is raw facts, figures, collected information; info is processed

What is a potential consequence of data misclassification?

Decision-making may be inaccurate.

What is explicit knowledge?

Knowledge that is highly detailed and easily shared.

Which of the following is a structured decision?

Reordering stock when inventory is low.

What is a characteristic of unstructured decisions?

Rely heavily on intuition and experience.

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Week 1 Tutorial COM155

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Questions 15

Answers

1
Which type of information processing involves summarizing data?
Aggregation
Classification
Selection
Sorting
2
Why does e-business emphasize restructuring business processes?
To replace all physical business operations.
To maximize efficiency through digital technologies.
To simplify organizational structures.
To comply with European Commission rules.
3
What is the difference between tangible and intangible value of information?
They are interchangeable.
Tangible value is measurable; intangible value is not.
Tangible value is long-term; intangible value is short-term.
Tangible value is irrelevant; intangible value is crucial.
4
Which of the following demonstrates intangible value of information?
A report improving decision-making processes.
A budget report reducing expenses.
A financial audit highlighting savings.
An inventory report reducing stock costs.
5
Which of the following is an example of transforming data into information?
Collecting customer feedback forms.
Entering employee names in a spreadsheet.
Recording a sales transaction.
Generating a monthly sales report from raw sales data.
6
Which dimension of information quality is critical for decision-making?
Accuracy
Timeliness
Presentation
Completeness
7
What is the first step in the decision-making process?
Evaluation
Design
Choice
Intelligence
8
What is one of the main benefits of e-business for organizations?
Simplifying manual processes.
Limiting communication with suppliers.
Enhancing efficiency in information exchanges.
Reducing reliance on technology.
9
Which of the following describes timely information?
Information updated monthly.
Information received only once.
Information irrelevant to the current task.
Information available when needed.
10
How does data differ from information?
Data and information are the same.
Data is meaningful; information is raw (.
Data is raw facts, figures, collected information; info is processed
Data is processed; information is raw.
11
What is a potential consequence of data misclassification?
There is no impact.
Processing time increases.
Data becomes unusable.
Decision-making may be inaccurate.
12
What is explicit knowledge?
Knowledge that is highly detailed and easily shared.
Knowledge stored in a person's mind.
Knowledge based on intuition and experience.
Knowledge that is informal and unrecorded.
13
Which of the following is a structured decision?
Developing a new product line.
Deciding a marketing strategy.
Reordering stock when inventory is low.
Choosing a new business location.
14
What is a characteristic of unstructured decisions?
Rely heavily on intuition and experience.
Based on clear rules and guidelines.
Repetitive and routine in nature.
Frequently made using historical data.
15
What is a key step in converting tacit knowledge into explicit knowledge?
Not sharing knowledge.
Using only informal communication.
Conducting training sessions.
Avoiding documentation.

Week 1 Tutorial COM155 Flashcards | StudBud