Are You Ready to Move On? 1. Computer literacy is understanding the role of information in generating and using business intelligence. True or False? 2. A database is a collection of all relevant data organized in a series of integrated files. True or False? 3. Michael Porter, three strategies for successfully competing in the marketplace includes overall cost leadership, differentiation, and focus. True or False? 4. Which of the following is not among the major components of an information system? a. Data b. Information c. Differentiation d. Database 5. All of the following are among decisions supported by an FIS except: a. Improving budget allocation b. Minimizing capital investment risks c. Ordering decisions d. Managing cash ows 6. To be useful, information must have all of the following qualities except: a. Only use external data b. Integration with other data and information c. Timeliness d. Consistency and accuracy