COB 204 Final UPDATED Exam Questions and CORRECT Answers
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Course
COB 204
Institution
COB 204
COB 204 Final UPDATED Exam Questions
and CORRECT Answers
Jan is deciding on ordering inventory for the next two months for her auto parts store. She is
using historical sales data from previous years for this time period and projected demand
from her industry trade group. Jan is making her d...
COB 204 Final UPDATED Exam Questions
and CORRECT Answers
Jan is deciding on ordering inventory for the next two months for her auto parts store. She is
using historical sales data from previous years for this time period and projected demand
from her industry trade group. Jan is making her decision primarily as a(n)
________________ decision.
A) structured
B) unstructured
C) personal
D) irrational - CORRECT ANSWER- ✔✔A
Structured decision making has the following characteristics:
A) the decision is very quantifiable
B) the decision is very predictable
C) the decison has incomplete information
D) the decision involves predicting the future - CORRECT ANSWER- ✔✔AB
Unstructured decision making has the following characteristics:
A) the decision is very quantifiable
B) the decision is very predictable
C) the decison has incomplete information
D) the decision draws heavily from your experience and general knowledge - CORRECT
ANSWER- ✔✔D
Which of the following characterize "good data"?
A) timely
B) dated
C) accurate
D) sufficient - CORRECT ANSWER- ✔✔ACD
,Which of the following characterize "good data"?
A) connected
B) relevant
C) cost effective - CORRECT ANSWER- ✔✔BC
Which of the following are components of an information system?
A) information
B) software
C) data - CORRECT ANSWER- ✔✔BC
Which of the following are components of an information system?
A) people
B) management
C) procedures - CORRECT ANSWER- ✔✔AC
Derick uses information that he has gathered from several industry sources regarding the use
of industrial hemp and the future demand for it. He collects marketing numbers from several
sources and places the data into an Excel spreadsheet. He then uses Excel's statistical
functions, including regression analysis, to help him estimate demand for the next 3 years. He
will use this information, along with production costs, to decide if and how much industrial
hemp he will grow on his farm. The use of Excel in the case is
A) transaction processing
B) MIS - summary and reporting
C) DSS - modeling the future
D) data - CORRECT ANSWER- ✔✔C
Components of an information system include
A) Hardware
B) Software
C) Social Media
D) Data - CORRECT ANSWER- ✔✔ABD
, Components of an information system include
A) people
B) regulators
C) policies and procedures - CORRECT ANSWER- ✔✔AC
In any decision making process, what is the first step?
A) define the problem or goal
B) gather good information
C) determine alternatives
D) access the decision - CORRECT ANSWER- ✔✔A
All information has some bias.
A) True
B) False - CORRECT ANSWER- ✔✔A
What is the major difference between decisions made in your personal life versus decisions
made in your professional life in a large organization?
A) the consquences are amplified in a larger environment
B) there is no difference
C) consequences are less amplified in a larger environment
D) you have to collaborate - CORRECT ANSWER- ✔✔A
The product, service, technology or process that enables our company to do better in the
market place and turn more profit is termed:
A) competitive advantage
B) abstract advantage
C) systems advantage
D) external advantage - CORRECT ANSWER- ✔✔A
Which of the following would give a company a monopoly in the market place?
A) Patent or copyright
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