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BCOR 2020 EXAM 2 PRACTICE QUESTIONS AND ANSWERS

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BCOR 2020 EXAM 2 PRACTICE QUESTIONS AND ANSWERS What are what-if models? - Answer️️ -what if models are spreadsheets used for decision making; mathematical and logic based models Building good spreadsheet models - Answer️️ -influence diagrams; building a mathematical model; spread shee...

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  • August 27, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BCOR
  • BCOR
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©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM


BCOR 2020 EXAM 2 PRACTICE
QUESTIONS AND ANSWERS

What are what-if models? - Answer✔️✔️-what if models are spreadsheets
used for decision making; mathematical and logic based models

Building good spreadsheet models - Answer✔️✔️-influence diagrams;
building a mathematical model; spread sheet design and implementing the
model in a spreadsheet

Data - Answer✔️✔️-raw facts; numbers, letters, etc; audio video, image

Information - Answer✔️✔️-a collection of data organized in such a away that
they have value beyond the facts themselves

Knowledge - Answer✔️✔️-awareness and understanding of a set of
information and the ways it can be made useful to support a task

Value of information - Answer✔️✔️-the value of information is directly
linked to how decision makers achieve organizational needs

Characteristics of Quality information - Answer✔️✔️-information should be
accurate or complete

What is IS? - Answer✔️✔️-an information system is a single set of hardware,
software, databases, networks, people and procedure that collect,
manipulate, store, and process data into information

What are the three types of information systems - Answer✔️✔️-- Personal IS



1

, ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

- Group IS

- Enterprise IS

Value Chains - Answer✔️✔️-A series of activities that an organization
performs to turn inputs into outputs

Supply Chain - Answer✔️✔️-key value chain in a manufacturing
organization

What is a database? - Answer✔️✔️-an organized collection of data

What does DBMS stand for? - Answer✔️✔️-DBMS stands for data base
management system

What is DBMS? - Answer✔️✔️-a group of programs that manipulate the
database and provide an interface between the database and its users and
other application processes

Hierarchy of data - Answer✔️✔️-bit -> byte/characteristic -> field -> record -
> file

byte - Answer✔️✔️-made up of 8 bits

field - Answer✔️✔️-name, number, or combination of characters that
describes an aspect of a business object or activity

record - Answer✔️✔️-a collection of related data fields

file - Answer✔️✔️-a collection of related records




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