BUS 1-5 Information Management

Which of the following best describes Information Management (IM)?

• A strategy focused solely on data security.
• A method for storing data without any organizational structure.
• A business function that involves people, processes, and systems to manage data.
• A function that only involves technology and software.

What is the primary role of Management Information Systems (MIS) in Information Management?

• To eliminate the need for data analysis.
• To provide a framework for collecting and analyzing data.
• To store data indefinitely without updates.
• To replace human decision-making entirely.

Why is data integrity important in business decision-making?

• It ensures that data is always stored in the cloud.
• It guarantees that data is always accessible to everyone.
• It refers to the accuracy and validity of data over its lifecycle.
• It allows businesses to ignore data security measures.

How does Information Management relate to other business functions?

• It is primarily concerned with customer service.
• It only affects the IT department.
• It is interrelated with functions like Finance and Marketing.
• It operates independently from all other functions.

Which of the following is an example of a trade secret?

• A widely known recipe for a popular dish.
• A unique manufacturing process not disclosed to the public.
• A public domain software program.
• A government regulation on business practices.

What does risk management in Information Management involve?

• Identifying and predicting negative circumstances.
• Ignoring potential threats to data.
• Eliminating all forms of data storage.
• Focusing only on financial risks.

Why is cyber security essential for businesses?

• It protects networks, devices, and data from unauthorized access.
• It is only necessary for large corporations.
• It is a legal requirement that has no real impact.
• It guarantees that no data will ever be lost.

What can be a consequence of poor information management practices?

• Increased efficiency in business operations.
• Enhanced data security and privacy.
• Potential financial losses and data breaches.
• Improved customer satisfaction.

How does information accessibility impact business operations?

• It only benefits the IT department.
• It complicates the data management process.
• It can enhance decision-making and operational efficiency.
• It has no effect on how businesses operate.

Which type of data is most relevant for making informed business decisions?

• Data that is difficult to access.
• Accurate and timely data.
• Outdated and irrelevant data.
• Data that is only available in paper format.