Question 1 Data
latency is the time from which data are made available to the time when
analysis is complete.
True
False
Question 2 Improving
the quality of business decisions has a direct impact on costs and revenue.
True
False
Question 3 Data
is a strategic asset for a business and if the asset is not used the business
is wasting resources.
True
False
Question 4 Quantifiable
benefits, indirectly quantifiable benefits, unpredictable benefits, and
intangible benefits are the four primary categories of BI benefits.
True
False
Question 5 The
three forms of BI include operational, tactical, and value-added.
True
False
Question 6 Which
of the following is the result of BI that the data have been defined in
business terms and calculations and algorithms are easily accessed for
comprehension?
Understandable
Easily manipulated
Reliable
Consistent
Question 7 What
types of BI decisions include forecasting claim amounts and medical coverage
costs, classifying the most important elements that affect medical coverage;
predicting which customers will buy new insurance policies?
Retail and sales BI decisions
Insurance
BI decisions
Banking BI decisions
Operations management BI decisions
Question 8 Which
of the following is the result of BI that implies that the data have been
documented as the certified or approved data for the enterprise?
Understandable
Consistent
Easily manipulated
Reliable
Question 9 What
is decision latency?
The time duration to make data ready for analysis and
loading the data into the database
The time from which data are made available to the time when
analysis is complete
The
time it takes a human to comprehend the analytic results and determine an
appropriate action
None of the above
Question 10 Which
form of BI uses the time frame of days to weeks to months?
Operational BI
Tactical
BI
Strategic BI
All of the above
Question 11 Which
of the following is a form of statistical analysis?
Forecasting
Market basket analysis
Cluster analysis
All of the above
Question 12 Which
of the following is not one of the parallels between challenges in business and
those of war?
Discerning patterns and meaning in the information
Responding to the resultant information
Collecting information
Using
tactical business intelligence
Question 13 What is
a technique used to divide an information set into mutually exclusive groups
such that the members of each group are as close together as possible to one
another and the different groups are as far apart as possible?
Intelligent agent
Association detection
Market basket analysis
Cluster
analysis
Question 14 What is
the primary problem most organizations face today concerning information?
Data poor, information rich
Data
rich, information poor
Business intelligence rich, information rich
Business intelligence poor, information rich
Question 15 What
reveals the degree to which variables are related and the nature and frequency
of these relationships in the information?
Intelligent agent
Market basket analysis
Cluster analysis
Association
detection
Question 16 Which
type of BI achieves long-term organizational goals?
Operational BI
Tactical BI
Strategic
BI
All of the above
Question 17 What
types of BI decisions include forecasting levels of bad loans and fraudulent
credit card use, credit card spending by new customers, and which kinds of
customers will best respond to new loan offers?
Operations management BI decisions
Insurance BI decisions
Retail and sales BI decisions
Banking
BI decisions
Question 18 Which
of the following is a business benefit of BI?
Single point of access to information for managers only
BI available to financial organizational departments only
Up-to-the
minute information for everyone
All of the above
Question 19 What
are forecasts?
Predictions
made on the basis of time-series information
Time-stamped information collected at a particular frequency
Reveals the degree to which variables are related
All of the above
Question 20 What do
organizations using BI ask to find the root causes to problems and provide
solutions?
What
When
Where
Why
Question 21 Which
of the following is the result of BI that it is no longer required to have a
PhD in statistics to get sophisticated analytics delivered to users'
fingertips?
Reliable
Consistent
Understandable
Easily
manipulated
Question 22 What is
analysis latency?
The time duration to make data ready for analysis and
loading the data into the database
The
time from which data are made available to the time when analysis is complete
The time it takes a human to comprehend the analytic results
and determine an appropriate action
None of the above
Question 23 Which
of the following represents market basket analysis?
Analyzes website information
Analyzes checkout scanner information
Detects customers' buying behavior
All of
the above
Question 24 Which
form of BI has managers and analysts as its primary users?
Operational
BI
Tactical BI
Strategic BI
All of the above
Question 25 What
types of BI decisions include predicting sales, determining correct inventory
levels and distribution schedules among outlets, and loss prevention?
Retail
and sales BI decisions
Operations management BI decisions
Banking BI decisions
Insurance BI decisions
Question 26 Which
type of BI benefits are the results of discoveries made by creative users?
Indirectly quantifiable benefits
Intangible benefits
Quantifiable benefits
Unpredictable
benefits
Question 27 What is
time-series information?
Analyzes checkout scanner information
Time-stamped
information collected at a particular frequency
Reveals the degree to which variables are related
All of the above
Question 28 Which
type of BI benefits includes improved communication throughout the enterprise,
improved job satisfaction of empowered users, and improved knowledge sharing?
Intangible
benefits
Indirectly quantifiable benefits
Unpredictable benefits
Quantifiable benefits
Question 29 Which
type of BI conducts short-term analysis to achieve strategic goals?
Operational BI
Tactical
BI
Strategic BI
All of the above
Question 30 Which
form of BI uses real-time metrics for its data?
Operational
BI
Tactical BI
Strategic BI
All of the above
Question 31 Which
of the following is the result of BI that the processes that deliver the data
to the business community are well documents and there are no surprises such as
missing or inaccurate data?
Understandable
Easily manipulated
Reliable
Consistent
Question 32 Which
form of BI uses months to years as its time frame?
Operational BI
Tactical BI
Strategic
BI
All of the above
Question 33 Which
type of BI benefits includes working time saved in producing reports and selling
information to suppliers?
Quantifiable
benefits
Indirectly quantifiable benefits
Unpredictable benefits
Intangible benefits
Question 34 Which
of the following is one of the four main categories of BI benefits?
Directly quantifiable benefits
Predictable benefits
Tangible benefits
Quantifiable
benefits
Question 35
What types of BI decisions include predicting machinery
failures and finding key factors that control optimization of manufacturing
capacity?
Operations
management BI decisions
Banking BI decisions
Retail and sales BI decisions
Insurance BI decisions
