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BUAD 1001 Final Exam questions with correct answers
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BUAD 1001 Final Exam questions with correct answers
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BUAD 1001 Final ExamKeys for Successful IT Department - correct answer ✔✔1. Build Relationships
2. Coach and Develop Team
3.Stay on Top of Technology
4. Support All Aspects of Company
- Different Lines of Business
- Learn about the business
- Liaison Role
Intranet - correct answer ✔✔organization's private network of internally linked websites accessible only
to employees
Extranet - correct answer ✔✔system that allows outsiders limited access to a firm's internal information
network
Information System - correct answer ✔✔system that uses IT resources to convert data into information
and to collect, process, and transmit that information for use in decision making
Data - correct answer ✔✔raw facts and figures that, by themselves, may not have much meaning
Information - correct answer ✔✔meaningful, useful interpretation of data
Data Warehousing - correct answer ✔✔the collection, storage, and retrieval of data in electronic files
, Data Mining - correct answer ✔✔the application of electronic technologies for searching, sifting, and
reorganizing pools of data to uncover useful information
Knowledge Information System - correct answer ✔✔information system (IS) that supports knowledge
workers by providing resources to create, store, use, and transmit new knowledge for useful applications
Management Information System - correct answer ✔✔computer system that supports managers by
providing information—reports, schedules, plans, and budgets—that can be used for making decisions
Decision Support System - correct answer ✔✔interactive system that creates virtual business models for
a particular kind of decision and tests them with different data to see how they respond
Earnings per Share - correct answer ✔✔1. Most widely used business statistic in the world
2. Measures amount of net income for each share of common stock outstanding
-Issued stock - treasury stock = outstanding shares
3. Key measure of success in business
4. Know the equation. (check slide 13)
Profitability Ratio - correct answer ✔✔financial ratio for measuring a firm's potential earnings e.g ROE,
ROA
Activity Ratio - correct answer ✔✔financial ratio for evaluating management's efficiency in using a firm's
assets
Short-Term Solvency Ratio - correct answer ✔✔financial ratio for measuring a company's ability to pay
immediate debts
Current Ratio - correct answer ✔✔financial ratio for measuring a company's ability to pay current debts
out of current assets
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