AN 300 EXAM 1 QUESTIONS WITH CORRECT ANSWERS
100% VERIFIED
Which of the following is the definition of decision making you learned from this class?
- It is to choose among alternative courses of action to improve organization performance.
- It is to make successful business plans.
- It is to maximize profit.
- It is to provide leadership for an organization.
- It is to minimize costs. - Correct Answer A
- Tradition
- Feeling
- Rule of thumb
- Evidence
- Fact - Correct Answer 1 / 2
The characteristics of a business analytics approach to decision making include _____. (Check all that apply).Intuition-based Scientific Data-driven Subjective Conventional Experience-based Computer-assisted Fact-based - Correct Answer scientific data driven computer-assisted data-driven "We will not offer online shopping because our customers always prefer shopping at our brick-and- mortar stores" is an example of making decisions based on _____.
Match the category of Business Analytics on the left to the type of questions it addresses on the right.Descriptive Analytics Predictive Analytics Prescriptive Analytics - Correct Answer what has happened?what could happen?what should happen?Select a number from 1 (earliest) to 5 (latest) to reflect the chronological sequence of each of the
following stages in the decision making process:
- Identify alternative solutions
- Choose one alternative
- Define a decision making situation
- Evaluate each alternative using the chosen criteria
- Determine the criteria used to evaluate alternative solutions - Correct Answer 3,5,1,4,2
Descriptive analytics techniques include the following EXCEPT:
- What-If analysis
- Data-mining
- Simulations
- Reports
- Data queries - Correct Answer C.
- Super Quick Language
- Structured Quick Linguist
- Standard Question List
- Standard Query Language
- Structured Query Language - Correct Answer E.
- / 2
What does SQL stand for?
Which of the following is/are characteristic of big data? (Check all that apply).Variety