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...
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
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
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.