3.02 Info MGT Flashcards
Carson is a staff accountant, and he needs to look at last year’s tax return. However, he can’t find it anywhere. Which information management guideline is not being followed in this situation?
Make sure that information is retrievable
Make sure that information is accurate
Set and consistently follow organization information management practices
Prioritize information management needs according to business needs
Make sure that information is retrievable
A risk involved with information management is leaving customers unprotected from
Bad customer service
Identity theft
High prices
Faulty product
Identity theft
Who is responsible for information management?
The information management department
An information technology manager
Everyone in the organization
The chief executive officer
Everyone in the organization
Which of the following U.S. laws relates to information management:
The Sherman Antitrust Act
The Sarbanes-Oxley Act
The Landrum-Griffin Act
The Taft-Hartley Act
The Sarbanes-Oxley Act
A risk involved with information management is being unprepared for a government
Tax break
Audit
Election
Loan
Audit
Which of the following actions is a part of information management:
Creating technology
Observing competitors
Creating data
Disseminating information
Disseminating information
Information management can be a challenge because
There is often not enough information to manage
There is only one right way to do it
Many people don’t understand what it is
No one wants to participate in it
Many people don’t understand what it is
Which of the following is a true statement about information:
It is simple to manage
It is data put into a useful form
It is the same thing as data
It has no value for an organization
It is data put into a useful form
A benefit of informed decisions is that they
Are usually bad decisions
Reduce a business’s risk
Cost less money
Hurt a business’s chances at competing
Reduce a business’s risk
Which of the following is an example of a type of information a business MUST manage:
Government spending
Employees’ personal bills
Competitors’ payrolls
Accounting records
Accounting records
How does appropriate information management affect a business’s relationship with its customers?
businesses earn higher profits
Businesses lose focus on customers
Businesses serve customers more effectively
Businesses make better financial decisions
Businesses serve customers more effectively
Information usually comes in either physical form or _____ form.
Book
Note card
Verbal
Electronic
Electronic
Managing information for business continuity is important in case of
High employee turnover
Low sales volume
A disaster
A drop in stock price
A disaster
Information management can be a challenge because the business world is
Constantly changing
Suffering from a lack of information
Not open to new technology
Completely dependent on paper files
Constantly changing
Appropriate information management saves business time and money by
Maintaining higher levels of productivity
Increasing information overload
Increasing paper trails
Maintaining yearly raises for employees
Maintaining higher levels of productivity
