MGMT 301 Chapter 17

Which of the following is the prediction that about every two years, computer processing power would double and its cost would drop by 50%?

• Moore's law

• Amdahl's law

• Metcalfe's law

• Haitz's law

Which of the following terms refers to facts and figures that are useless unless they have meaning?

• Variable

• Knowledge

• Raw data

• Census data

Identify a difference between raw data and information.

• Unlike information, raw data are the same as knowledge.

• Unlike raw data, information consists of facts and figures.

• Unlike information, raw data can influence someone's choices and behavior.

• Unlike raw data, information has context.

Estelle Inc., a manufacturer of stationery products, decides to supply free stationery box sets to all the school children in the town of Belwick. The company asks the local authorities to provide information about the total number of school children in the town. However, during the delivery of the boxes, Estelle Inc. realizes that it is short approximately 100 boxes. If Estelle Inc. manufactured the exact number of boxes based on the information given by the local authorities, it can be concluded that the information was _____.

• inaccurate

• incomplete

• irrelevant

• untimely

Kamara Jobs, a recruitment company, decides to launch its own global online application. It pays $200,000 to obtain the proven technology required to launch this application from an information technology firm. In the context of the costs of useful information, Kamara Jobs has incurred a(n) _____.

• processing cost

• retrieval cost

• acquisition cost

• storage cost

Allied Corp., a multinational corporation, has spent $500 million on a new data center that allows the firm to rapidly transform raw data into useful information. This enables the smooth functioning of the firm's operations. In this case, Allied Corp. has incurred a(n) ______.

• retrieval cost

• processing cost

• acquisition cost

• communication cost

Storage cost is the cost of ______.

• obtaining data that an organization does not have

• transforming raw data into meaningful information

• physically or electronically archiving information for later use

• transmitting information from one place to another

Soundwave Communication Services has processed and archived a large amount of data on its servers. However, due to a technical fault in its servers, it was unable to access the information. It had to spend a large sum of money to regain access to the information. In this scenario, the cost borne by Soundwave Communication Services is a(n) ______.

• acquisition cost

• processing cost

• storage cost

• retrieval cost

Which of the following detects events or changes and actively transmits that information to other electronic devices?

• Bar code reader

• Sensor

• Autonomous recording unit

• Perceptual filter

Which of the following can be used to convert digitized documents into ASCII (American Standard Code for Information Interchange) text that can be searched, read, and edited with standard word processing, email, desktop publishing, database management, and spreadsheet software?

• Proximity cards

• Radio frequency analog software

• Optical character recognition software

• Neural machine translation technology