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CTS-115 MIDTERM WITH QUESTIONS AND 100% ALL DETAILED CORRECT ANSWERS
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CTS-115 MIDTERM WITH QUESTIONS AND 100% ALL DETAILED CORRECT ANSWERS
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CTS-115 MIDTERM WITH QUESTIONS AND 100% ALL DETAILED CORRECT ANSWERS
Practice questions for this set
, Terms in this set (68)
a set of guiding principles that, when communicated and adopted in the organization, generates a
What is a business strategy?
desired pattern of decision making.
What are the goals of a business strategy? The goals of a business strategy are to attract new customers and develop new products.
What is a data warehouse? A data warehouse is a logical collection of operational data from multiple locations.
Efficiency is about making the best possible use of resources.
What is the difference between efficiency and
Effectiveness refers to the level of quality in wich a task or process is carried out that leads to better
effectiveness?
business performance.
What is effectiveness? a measure of impact
Peter Drucker quote effeciency is doing things right. effectiveness is doing the right thing
What are the characteristics of information transactional, analytical, timely, quality
Information collected from multiple sources such as suppliers, customers, competitors, partners, and
What is Business Intelligence?
industries that analyzes patterns, trends, and relationships for strategic decision making.
What is business intelligence? An IT solution and a dicipline. It is a business science.
What is a loyalty program? Rewards customers based on their spending.
A feature of a product or service that an organization's customers place a greater value on than
What are the benefits of competitive advantage?
similiar offerings from a competitor.
A type of database that stores information in teh form of logically related two-dimensional tables.
What is a relational database model?
Uses multiple tables that are connected in some way.
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