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BADM 1001 final exam study guide Questions with Explanations of Answers | latest upate 2024
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BADM 1001 final exam study guide Questions with Explanations of Answers | latest upate 2024
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BADM 310 Final Exam PrepInformation Technology - ANS-_______ refers to the set of methods or techniques for acquiring,
organizing, storing, manipulating, and transmitting organized and meaningful data
Operations information - ANS-An _______ system is a computer system that gathers
comprehensive data, organizes it, and summarizes it in ways that are useful to managers
Transaction-processing - ANS-______ systems effectively process routine tasks and generate
volumes of data but do not summarize the data into a form most valuable for decision making
business-to-business marketplace - ANS-The platform, referred to as ______, is created to
connect buyers and sellers in an industry
information - ANS-Managers cannot effectively plan, organize, leas or control without access to
Business-to-customer commerce - ANS-is trade that takes place between a company and
individual consumers using IT and the internet
transaction-processing - ANS-An operations information system typically accesses data
gathered by a(n) ______ system, and then it converts the data into useful information
reduced the need for face-to-face communication - ANS-The use of rapidly advancing IT in
business has
growth - ANS-CommNet recently offered a new smartphone featuring the latest in camera
technology. Consumers were initially slow to spend on the upgrade, but sales have now taken
off and demand is increasing rapidly. The smartphone is in the _______ stage of the product life
cycle.
maturity - ANS-In reviewing marketing and sales data, top management determines that the
majority of a product's sales are to existing consumers. This product is in the _______ stage of
the product life cycle.
real-time information - ANS-Rinaldo receives monthly reports from the accounting department
that reflect his company's current financial condition. The report Rinaldo receives would be
considered
decision support - ANS-An executive support system is a type of ______ system
completeness - ANS-Before agreeing to discontinue a product, the CEO requested detailed
information on recent sales trends, existing customer transition plans, cost projections, and
, many other aspects related to the product that would best help characterize the pros and cons.
The CEO is ensuring the _______ of information available for making this decision
strategic alliance - ANS-A factory in Europe has excess manufacturing capability and formally
agrees to begin producing and distributing products for a U.S.-based company eager to build a
presence in Europe. This is an example of
expert - ANS-Problems that normally require human expertise are increasingly being addressed
by _______ systems, which employ human knowledge embedded in computer software.
e-commerce - ANS-A(n) _______ system handles sales that take place between companies
and between companies and consumers using IT and the Internet.
Enterprise resource planning - ANS-_______ systems are multimodule application software
packages that coordinate the various functional activities of organizations.
True - ANS-Managers use an operations information system for nonroutine decision-making
tasks.
False - ANS-Realistic information reflects current conditions in the organization.
False - ANS-CEOs make frequent use of decision-support systems in their decision-making.
Ronny, who is struggling financially and has a family to support - ANS-Which person is most
likely to act unethically?
Ethics - ANS-______ are the moral principles and beliefs about what is the right or appropriate
way to behave.
whatever promotes a fair distribution of outcomes - ANS-One managerial implication of the
justice model is that to be ethical, managers should base their decisions on
justice - ANS-The _______ rule states that an ethical decision is one in which rewards and
harms are distributed in a fair and impartial way.
ensures that managers will take into account the interests of all the stakeholders. - ANS-The
practical rule of ethical decision making
occupational - ANS-After a lengthy investigation, Legrand lost his license to practice law on
charges of accepting bribes. Most likely, Legrand violated his _______ ethics.
moral scruples - ANS-Brenda, the CEO of a manufacturing company, knew that her company
followed the Environmental Protection Agency's (EPA) regulations for purifying waste water;
however, new research found that those regulations where not strict enough and the drinking
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