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






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






3. What does CFO stands for






4. What is on the mind of the CEO






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






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






7. Is assessed analyzing the ability of buyers to directly impact the price they are willing to pay for an item.






8. 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






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






10. 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






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






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






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






14. 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






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






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






17. 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






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






19. The 4 strategic initiatives






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






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






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






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






24. Effective communication between business personnel and IT personnel






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






26. What does COO stands for






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






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






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






30. Baseline values the system seesks to attain






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






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






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






34. What information technology projects goals has the most value?






35. 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






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






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






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






39. Secure Sockets Layers: donted by th lock symbol in the lower right corner of a browser window and or he "s" in https; SSL is 128 bits. 128bit=2^128






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






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






42. What Concerns CIOs the most?






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






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






45. Website success solely is measure by






46. 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.






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

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






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






50. Means Garbage In Garbage OUt