Bus 365 Wk 3 Quiz 2 Chapter 3 - All Possible Questions

BUS 365 WK 3 Quiz 2 Chapter 3 - All Possible Questions

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BUS 365 WK 3 Quiz 2 Chapter 3 - All Possible Questions

Chapter 03

Multiple Choice

1. __________ consists of powerful software tools to discover and extract knowledge from text documents.

a) Document mining

b) Master data management

c) Knowledge mining

d) Text mining

2. What is the goal of data management?

a) To store data and documents in multiple locations to insure that they are accessible to everyone on demand.

b) To capture financial data in real-time from transactions and Web sites.

c) To provide the infrastructure and tools to transform raw data into usable corporate information of the highest quality.

d) To link databases of supply chain partners so all data can be shared.

3. As a general rule, in order to maximize earnings, companies invest in data management technologies that increase:

a) the opportunity to earn revenues.

b) the ability to cut expenses.

c) employee turnover.

d) both a and b

4. Which of the following is not a reason why managers and information workers may be constrained by data?

a) data are incomplete

b) data are stored in a data warehouse

c) data are out of context

d) data are so overwhelming that they require too much time to analyze

5. In the healthcare industry, data errors __________.

a) increase healthcare costs by billions of dollars

b) have minimized healthcare costs

c) have no impact on patient care

d) have been eliminated by the use of data warehousing

6. Each year, billions of dollars are wasted in the healthcare supply chain because of the lack of __________.

a) data synchronization

b) data processing

c) real-time data

d) document management

7. __________ is a structured approach for capturing, storing, processing, integrating, distributing, securing, and archiving data effectively...