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For information to be worth its cost,there must be an appropriate relationship between the cost of information and its value.

A) True
B) False

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The review step


A) is when the organization reviews the intelligence gathering.
B) never leads to another decision.
C) is when the organization reviews the information to find the relevant information.
D) is when the organization makes a decision
E) is when the organization reviews the decision steps.

F) C) and D)
G) B) and C)

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_________ lists the items ordered and the quantity requested of each item.

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In the inventory management process,quality inspection would be viewed as a(n)


A) resource.
B) activity.
C) data input.
D) facility.
E) information output.

F) B) and E)
G) C) and D)

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For General Motors,the quantity of tire rims received would be an example of


A) data.
B) information.
C) resource.
D) communication.
E) knowledge.

F) D) and E)
G) C) and D)

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Instructions for how a computer should perform specific tasks are called________ .

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From a business process view,order placement in a inventory management process would be a(n)_________ .

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The stage in a decision making process where decision makers lay out various alternatives is called


A) intelligence gathering.
B) the review step.
C) decision analysis.
D) alternatives formulation.
E) the choice step.

F) B) and E)
G) C) and E)

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An Executive Information System supports


A) strategic decisions.
B) executive decisions.
C) structured decisions.
D) managerial decisions.
E) operational decisions.

F) C) and D)
G) C) and E)

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Business systems are sometimes referred to as business


A) processes.
B) models.
C) channels.
D) networks.
E) webs.

F) A) and E)
G) A) and D)

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An unstructured decision making process


A) is one for which there is no agreed -on decision -making method.
B) is one for which there are no structured steps.
C) is one for which there is no documentation required.
D) is one for which there are no formal procedures.
E) is one for which there is an agreed upon decision -making method.

F) A) and E)
G) A) and D)

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A customer acts as a(n)_____in the inventory management process.

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The on -time performance of all your vendors for a specific item would be an example of


A) resource.
B) knowledge.
C) data.
D) communication.
E) information.

F) A) and E)
G) A) and D)

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Knowledge derived from data is (are)


A) context.
B) wisdom.
C) data.
D) information.
E) knowledge.

F) B) and E)
G) A) and E)

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Each activity within a business process must use one,and only one,information system.

A) True
B) False

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Inventories,databases,factories,and equipment are all examples of


A) information.
B) resources.
C) transactions.
D) activities.
E) facilities.

F) D) and E)
G) C) and E)

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It is good business practice for a payment activity to have a single person assigned to approve payments and generate checks.

A) True
B) False

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In the payment process,the invoice is compared to the purchase requisition.

A) True
B) False

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The fact that it rained 1.2 inches today is an example of information.

A) True
B) False

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A transaction processing system helps managers allocate and utilize resources.

A) True
B) False

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