BSIS Exam 1 #1 Questions with correct answers
The use of analytics in health care is becoming exceedingly important in order to
control costs as well as..
a. expand their services into foreign markets.
b. provide a multitude of online health care services.
c. acquire additional properties.
d. provide more effective treatments. - ✔✔provide more effective treatments
A retail store owner offers a discount on product A and predicts that customers
would purchase products B and C in addition to product A. Identify the technique
used to make such a prediction.
a. Data query
b. Simulation
c. Data mining
d. Data dashboards - ✔✔data mining
Which of the following techniques is used in predictive analytics?
a. data dashboards
b. linear regression
c. data visualization
d. optimization models - ✔✔linear regression
,Corporate-level managers use ______ to summarize sales by region, current
inventory levels, and other company-wide metrics all in a single screen.
a. simulation
b. crosstabulation
c. data dashboards
d. tables - ✔✔data dashboards
A children's apparel manufacturer could use descriptive analytics to
a. present supply chain to managers visually.
b. achieve efficiency in delivery of goods.
c. schedule staff and vehicles for delivery.
d. plan capacity utilization by incorporating the inherent uncertainty in
commodities pricing. - ✔✔present supply chain to managers visually
The scientific process of transforming data into insight for making better decisions
is called
a. business analytics.
b. data analysis.
c. statistical studies.
d. tactical processes. - ✔✔business analytics
, IBM describes Big Data through the phenomenon of the 4 Vs, shown below.
Identify the "V" illustrated by data at rest.
a. volume
b. velocity
c. variety
d. veracity - ✔✔volume
Firms guided by data-driven decision making tend to have
a. a higher market value.
b. lower productivity.
c. higher risk.
d. lower profit. - ✔✔a higher market value
Which of the following analytical techniques is designed to output the best
decision?
a. predictive analytics
b. data mining
c. prescriptive analytics
d. descriptive analytics - ✔✔prescriptive analytics
Simulation optimization helps
The use of analytics in health care is becoming exceedingly important in order to
control costs as well as..
a. expand their services into foreign markets.
b. provide a multitude of online health care services.
c. acquire additional properties.
d. provide more effective treatments. - ✔✔provide more effective treatments
A retail store owner offers a discount on product A and predicts that customers
would purchase products B and C in addition to product A. Identify the technique
used to make such a prediction.
a. Data query
b. Simulation
c. Data mining
d. Data dashboards - ✔✔data mining
Which of the following techniques is used in predictive analytics?
a. data dashboards
b. linear regression
c. data visualization
d. optimization models - ✔✔linear regression
,Corporate-level managers use ______ to summarize sales by region, current
inventory levels, and other company-wide metrics all in a single screen.
a. simulation
b. crosstabulation
c. data dashboards
d. tables - ✔✔data dashboards
A children's apparel manufacturer could use descriptive analytics to
a. present supply chain to managers visually.
b. achieve efficiency in delivery of goods.
c. schedule staff and vehicles for delivery.
d. plan capacity utilization by incorporating the inherent uncertainty in
commodities pricing. - ✔✔present supply chain to managers visually
The scientific process of transforming data into insight for making better decisions
is called
a. business analytics.
b. data analysis.
c. statistical studies.
d. tactical processes. - ✔✔business analytics
, IBM describes Big Data through the phenomenon of the 4 Vs, shown below.
Identify the "V" illustrated by data at rest.
a. volume
b. velocity
c. variety
d. veracity - ✔✔volume
Firms guided by data-driven decision making tend to have
a. a higher market value.
b. lower productivity.
c. higher risk.
d. lower profit. - ✔✔a higher market value
Which of the following analytical techniques is designed to output the best
decision?
a. predictive analytics
b. data mining
c. prescriptive analytics
d. descriptive analytics - ✔✔prescriptive analytics
Simulation optimization helps
