Test Bank for M Information Systems 4th

True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. True False 2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. True False 3. Business intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. True False 4. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. True False 5. Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. True False 1-3 6. Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable. True False 7. A variable is a business intelligence characteristic that stands for a value that cannot change over time. True False 8. A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books. True False 9. Zappos is not a technology company; its primary business focus is to sell books. True False 10. Order date, amount sold, and customer number are all forms of data. True False 11. Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge. True False 12. Information is data converted into a meaningful and useful context. The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyze the information. True False