Test your basic knowledge |

Business And Technology

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Is high when competition is fierce in a market and low when competition is more complacent






2. Is responsible for (1) overseeing all uses of informatin technology (2) ensuring the strategic alignment of IT with business goals and objectives. CIO often reports directly to the CEO






3. Is high when it is easy for new cdompetitors to enter a market and low when there are significant entry barriers to entering market.






4. Is assessed by th supplier's ability to directly impact the price they are charging for supplies(including materials - labor - and services)






5. Involves maaging all aspect of a customer's relationship with an organization to increase customer loalty and retention and organization's profitabilty. CRM allow an organization to gain insights into customers' shopping and buying beaviors ir order






6. Reward customers based on th amount of business they do with a particuar organization.






7. Occurs whn a company develops unique differences in its products with th intenet t influence demand






8. A university professor at Harvard Business School - identified four competitive forces that can hurt potential sales.






9. What does COO stands for






10. Website success solely is measure by






11. What does CEO stands for






12. The plans and goals of the IT department must align with the plans and goals of the organization.






13. Buyer power - supplier power - threat of substitute product or services - threat of new entrants - rivalry among existing competiors






14. Measure the performance of the IT system itself includngthroughput - speed - and availability.






15. Is responsible for ensuing the ethical and legal use of informatio within an organization. these are lawyers






16. Costs that can make customers relcutant to switch to another product or service






17. The most important type of Efficiency IT Metics; the extent to which a system generates the correct results when executing the same transaction numerous times.






18. Issuses Affected by Technology Advance: intellectual property - Copyright - fair use doctrine - pirated software and counterfeit software of these which is the worst?






19. What does CFO stands for






20. Supply chain strategy - suply chain partners - supply chain operation - supply chain logistics






21. Is responsible for ensuring the throughput - speed - accuracy - availability - and reliability of an organization information.






22. To remain sucessful - and organizatios should use what?

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23. Is a standardized seet of activities that accomplish a specific task - such as processing a customer's order.






24. Is a product or service that an organization's customer place a greater value on than similar offerings from a competitor.






25. A general name for the business function and academic discipline covering the application of people - technologies - and procedures.






26. A famous management guru - once stated that if you cannot measure it - you cannot manage it






27. Is the acauisition and analysis of evenst and trends in the environment external to an organization.






28. The Benefits and and Magnitude of Change the Process Change Spectrum what would be th small change






29. Is high when there are many alternatives to a product or service and low when there are few alternative from which to choose.






30. This approach views an organization as a series of processes - each of which adds value to the product or service for each customer.






31. Means Garbage In Garbage OUt






32. The leading cause of downtime






33. Measure the impact IT has on business processes and activities includin customer satisfaction - conversion rates - and sell through increases.






34. What is the function of CIO?






35. Is responsible for ensuring the security of IT system and developing strategies and IT safeguards against attacks fom hacker and viruses. He is call the Network Administrator






36. Employees across departments are open to new insights about crises and radical changes and seek ways to create competitive advantages.






37. A process of continuously measuring system results - comparing those results to optimal system performance (benchmark values) - and identifiying steps and procedures to improve syste performance.






38. Is responsible for collecting - maintaining - and distributing the organization's knowledge. data has base adminstrator






39. What would be the Greatest Benefits for Information Technology?






40. Involves he management of information flows between and among stages in a a supply chain to maximize total supply chain effectiveness an profitability.






41. Mostly misuse by persons inside or outside an organization.






42. Information-Functional - Information-sharing - Information-inquiring - and Information-discovery






43. Integrates all departments and functins thoughout an organization into asingle IT system (or integrated set of IT systems) so that employees can ake decisions by viewing enterprisewide information on all businss operations.:is a software island of in






44. Raw facts that describe the characteristics of an event/information knowledge/business intelligent and competative advantage






45. Is a standardized set of activities that accoplish a specific task - such as processing a customer order.






46. Effective communication between business personnel and IT personnel






47. Most information security breaches result from people misusing an organizaton's information either Intentionally or Inadvertently. misuse of passwords






48. Consists of all parties involved - directly or indirectly - in the procurement of a poduct or raw materials






49. What does CIO stands for






50. What Concerns CIOs the most?