Benefits of Data Analysis and IT in Business Operations

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EnchantingSocialRealism
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18 Questions

Information system is an instrument for creating value.

True

Investments in information technology will not result in any returns for a business.

False

Business information value chain involves transforming raw data into useful information.

True

Middle management does not work directly with scientists and knowledge workers.

False

Organizational hierarchies consist of senior management, middle management, and operational management.

True

All business decisions rely solely on the World Wide Web for information.

False

Businesses can be seen as a collection of functional business processes.

True

Information technology can only enhance business processes by automating manual steps.

False

Manufacturing and production are examples of functional business processes.

True

Sales and marketing strategies are considered assets in a business.

False

Finance and accounting involve creating financial statements.

True

Human resources primarily focus on selling products and services.

False

Operational excellence solely depends on the improvement of efficiency to increase profitability.

False

New products, services, and business models are enabled by technology.

True

Customer and supplier intimacy do not impact revenues and profits in any way.

False

Information technologies are not considered a necessity for business survival.

False

The three activities of information systems are Input, Storage, and Output.

False

The functions of an information system do not include containing information about the organization and its environment.

False

Explore how data analysis and information technology can enhance business operations by managing information effectively, making better decisions, and improving execution of business processes.

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