Question 1

Business intelligence (BI)  can be characterized as a transformation of

Accepted Answer

A)   data to information to decisions to actions.
B)   Big Data to data to information to decisions.
C)   actions to decisions to feedback to information.
D)   data to processing to information to actions.

Question 2

In a four-step process for decision making, managers construct a model of the problem before they evaluate potential solutions.

Accepted Answer

A) True 
 B)False

Question 3

Actionable intelligence is the primary goal of modern-day Business Intelligence (BI) systems vs. historical reporting that characterized Management Information Systems (MIS).

Accepted Answer

A) True 
 B)False

Question 4

Due to the fact that business environments are now more complex than ever, trial-and-error is an effective means of arriving at acceptable solutions.

Accepted Answer

A) True 
 B)False

Question 5

Due to the fact that organizations seek to store greater amounts of data than ever before, the cost per byte of computer-based data storage devices is rapidly rising.

Accepted Answer

A) True 
 B)False

Question 6

________ cycle times are now extremely compressed, faster, and more informed across industries.

Accepted Answer

Business

Question 7

________ analytics help managers understand probable future outcomes.

Accepted Answer

The answer of ________ analytics help managers understand probable future...

Question 8

List and describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

Accepted Answer

•Descriptive or reporting analytics

Question 9

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?", you are most likely to use which of the following analytic applications?

Accepted Answer

A)   customer profitability
B)   propensity to buy
C)   customer attrition.
D)   channel optimization

Question 10

________ is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies.

Accepted Answer

Business i...

Question 11

In answering the question "Which customers are likely to be using fake credit cards?", you are most likely to use which of the following analytic applications?

Accepted Answer

A)   channel optimization
B)   customer segmentation
C)   fraud detection
D)   customer profitability

Question 12

________ technology enables managers to access and analyze information anytime and from anyplace.

Accepted Answer

The answer of ________ technology enables managers to access and...

Question 13

When Sabre developed their Enterprise Data Warehouse, they chose to use near-real-time updating of their database. The main reason they did so was

Accepted Answer

A)   to provide a 360 degree view of the organization.
B)   to aggregate performance metrics in an understandable way.
C)   to be able to assess internal operations.
D)   to provide up-to-date executive insights. D

Question 14

Which of the following statements about cognitive limits of organizational decision makers is true?

Accepted Answer

A)   Only top managers make decisions where cognitive limits are strained.
B)   The most talented and effective managers do not have cognitive limitations.
C)   All organizational decision-making requires data beyond human cognitive limits.
D)   Cognitive limits affect both the recall and use of data by decision makers.

Question 15

Computerized support is only used for organizational decisions that are responses to external pressures, not for taking advantage of opportunities.

Accepted Answer

A) True 
 B)False

Question 16

List three developments that have contributed to facilitating growth of decision support and analytics.

Accepted Answer

•Group communication and collaboration
•Improved data management
•Managing giant data warehouses and Big Data
•Analytical support
•Overcoming cognitive limits in processing and storing information
•Knowledge management
•Anywhere, anytime support

Question 17

For the majority of organizations, a daily accounts receivable transaction is a(n)

Accepted Answer

A)   strategic decision.
B)   structured decision.
C)   unstructured decision.
D)   managerial control decision.

Question 18

Describe the types of computer support that can be used for structured, semistructured, and unstructured decisions.

Accepted Answer

•Structured Decisions: Structured...

Question 19

Computerized information systems help decision makers overcome human cognitive limitations in assembling and processing varied information. However, this is of little use in most analytical applications.

Accepted Answer

A) True 
 B)False

Question 20

All of the following may be viewed as decision support systems EXCEPT

Accepted Answer

A)   an expert system to diagnose a medical condition.
B)   a knowledge management system to guide decision makers.
C)   a system that helps to manage the organization's supply chain management.
D)   a retail sales system that processes customer sales transactions.

Exam 1: An Overview of Business Intelligence, Analytics, and Decision Support

Business intelligence (BI) can be characterized as a transformation of

Correct AnswerverifiedShow Answer

In a four-step process for decision making, managers construct a model of the problem before they evaluate potential solutions.

Correct AnswerverifiedShow Answer

Actionable intelligence is the primary goal of modern-day Business Intelligence (BI) systems vs. historical reporting that characterized Management Information Systems (MIS).

Correct AnswerverifiedShow Answer

Due to the fact that business environments are now more complex than ever, trial-and-error is an effective means of arriving at acceptable solutions.

Correct AnswerverifiedShow Answer

Due to the fact that organizations seek to store greater amounts of data than ever before, the cost per byte of computer-based data storage devices is rapidly rising.

Correct AnswerverifiedShow Answer

________ cycle times are now extremely compressed, faster, and more informed across industries.

Correct AnswerverifiedBusiness

________ analytics help managers understand probable future outcomes.

Correct AnswerverifiedShow Answer

List and describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

Correct Answerverified•Descriptive or reporting analyticsView AnswerShow Answer

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?", you are most likely to use which of the following analytic applications?

Correct AnswerverifiedShow Answer

________ is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies.

Correct AnswerverifiedBusiness i...View AnswerShow Answer

In answering the question "Which customers are likely to be using fake credit cards?", you are most likely to use which of the following analytic applications?

Correct AnswerverifiedShow Answer

________ technology enables managers to access and analyze information anytime and from anyplace.

Correct AnswerverifiedShow Answer

When Sabre developed their Enterprise Data Warehouse, they chose to use near-real-time updating of their database. The main reason they did so was

Correct AnswerverifiedD

Which of the following statements about cognitive limits of organizational decision makers is true?

Correct AnswerverifiedShow Answer

Computerized support is only used for organizational decisions that are responses to external pressures, not for taking advantage of opportunities.

Correct AnswerverifiedShow Answer

List three developments that have contributed to facilitating growth of decision support and analytics.

Correct Answerverified•Group communication and collaboration •Improved data management •Managing giant data warehouses and Big Data •Analytical support •Overcoming cognitive limits in processing and storing information •Knowledge management •Anywhere, anytime support

For the majority of organizations, a daily accounts receivable transaction is a(n)

Correct AnswerverifiedShow Answer

Describe the types of computer support that can be used for structured, semistructured, and unstructured decisions.

Correct Answerverified•Structured Decisions: Structured...View AnswerShow Answer

Computerized information systems help decision makers overcome human cognitive limitations in assembling and processing varied information. However, this is of little use in most analytical applications.

Correct AnswerverifiedShow Answer

All of the following may be viewed as decision support systems EXCEPT

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Business

Correct Answer
verified

Correct Answer
verified
•Descriptive or reporting analytics
View Answer

Correct Answer
verified

Correct Answer
verified
Business i...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
•Group communication and collaboration •Improved data management •Managing giant data warehouses and Big Data •Analytical support •Overcoming cognitive limits in processing and storing information •Knowledge management •Anywhere, anytime support

Correct Answer
verified

Correct Answer
verified
•Structured Decisions: Structured...
View Answer

Correct Answer
verified

Correct Answer
verified