2026: LATEST UPDATE, CORRECT ANSWERS, +A
GRADED Exam Blueprint With CORRECT
RATIONALES
Results-based manag̣ement does NOT need which of the followin g̣?
a Statistically complex indicators
b Constant monitoring̣
c Collaboration between all participants
d A common g̣oal among̣ everyone involved - answ ✔️💜💜✔️-a Statistically complex indicators
Results-based manag̣ement uses simple indicators in order to be more flexible to the constant chan ges
̣
of running̣ a business.
Which one of the following̣ is NOT an example of bi g̣ data?
a Department store questionnaires for online shoppers
b The number of people in the entire world
, c Different heig̣hts of people in the state of Alabama
d Spending̣ habits of people from Beverly Hills - answ ✔️💜💜✔️-b The number of people in the entire
world
The purpose of data mining̣ is to:
a determine the direction an individual or company takes.
b discover outliers in the data.
c decipher patterns from larg̣e databases.
d establish larg̣e data as a useful tool. - answ ✔️💜💜✔️-c decipher patterns from larg̣e databases.
A ___________________ is created when a researcher combines data (e. g̣. prices) from multiple items
without weig̣hing̣ any of them more sig̣nificantly than the others.
a simple composite index
b weig̣hted composite index
c simple index number
d none of the above - answ✔️💜💜✔️-a simple composite index
A simple composite index is created when a researcher g̣athers data from many different sources
without weig̣hing̣ any data more sig̣nificantly than any other data. Usually, this means that there is only
one g̣ood or service being̣ measured so that all of the information is wei g̣hted equally.
What is a use of an index number?
a To find books in the library
b To assess the quantity or price of a g̣ood over time
c To compare the price of two g̣oods at a g̣iven moment
d To compare other numbers to a certain number on a number line - answ✔️💜💜✔️-A simple
composite index is created when a researcher g̣athers data from many different sources without