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. Occurs when an organization can significantl impact its marketshare by being first to market with a competitive advantage.






2. Is a field concrned with te use of technology in managing and processing information.It consist of hardware - software and telecommunication






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






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






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






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






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






8. What does CIO stands for






9. What does COO stands for






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






11. Is a managemen system - in addition to a measurement system - that enable organization to clarify their vision and strateby and translate them into action.






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






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

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14. 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






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






16. Is data converted into a meaninfgul and useful context.






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






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






19. Is high when competition is fierce in a market and low when competition is more complacent






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






21. Is the analysis and redesign of workflow wthin and between enteprises. ex. NetFlix - Redbox






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






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






24. Enables an organizatin to generate efficiencies within steps by automating and improving the information flows Wal-art and Procter&Gamble(P&G) implemented a tremedously successful SCM system. the system linked Wal-Mar's distribution centers directly






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






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






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






28. Measures that are tied to busines drivers Metrics such as GPA(grade point average)






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






30. The 4 strategic initiatives






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






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






33. 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.






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






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






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






37. Baseline values the system seesks to attain






38. Effective communication between business personnel and IT personnel






39. Website success solely is measure by






40. Out of the Relationship among People - Information - and Information Technology which one is the most important?






41. The most Effectiveness IT Metrics. the ease with which people perform transactions and/or find informatin. A popular usability metric on the internet is degrees of feedom - which measures the number of clicks required to find desired infomation.






42. 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.






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






44. What is the function of CIO?






45. What Concerns CIOs the most?






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






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






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






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






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