2026: LATEST UPDATE, CORRECT ANSWERS, +A
GRADED Exam Blueprint With CORRECT
RATIONALES
Results-based management does NOT need which o f̣ the f̣ollowing?
a Statistically complex indicators
b Constant monitoring
c Collaboration between all participants
d A common goal among everyone involved - answ✔️💜💜✔️-a Statistically complex indicators
Results-based management uses simple indicators in order to be more f̣lexible to the constant changes
of̣ running a business.
Which one of̣ the f̣ollowing is NOT an example of̣ big data?
a Department store questionnaires f̣or online shoppers
b The number of̣ people in the entire world
, c Dif̣ferent
̣ heights of̣ people in the state o f̣ Alabama
d Spending habits of̣ people f̣rom Beverly Hills - answ ✔️💜💜✔️-b The number of̣ people in the entire
world
The purpose of̣ data mining is to:
a determine the direction an individual or company takes.
b discover outliers in the data.
c decipher patterns f̣rom large databases.
d establish large data as a usef̣ul tool. - answ ✔️💜💜✔️-c decipher patterns f̣rom large databases.
A ___________________ is created when a researcher combines data (e.g. prices) f̣rom multiple items
without weighing any of̣ them more signif̣icantly than the others.
a simple composite index
b weighted composite index
c simple index number
d none of̣ the above - answ✔️💜💜✔️-a simple composite index
A simple composite index is created when a researcher gathers data f̣rom many di f̣ferent
̣ sources
without weighing any data more signif̣icantly than any other data. Usually, this means that there is only
one good or service being measured so that all o f̣ the in f̣ormation is weighted equally.
What is a use of̣ an index number?
a To f̣ind books in the library
b To assess the quantity or price of̣ a good over time
c To compare the price of̣ two goods at a given moment
d To compare other numbers to a certain number on a number line - answ✔️💜💜✔️-A simple
composite index is created when a researcher gathers data f̣rom many di f̣ferent
̣ sources without