Business Intelligence and Analytics Final Exam Questions with 100% Correct Answers | Latest Version 2024 | Verified

Business Intelligence and Analytics Final Exam Questions with 100% Correct Answers | Latest Version 2024 | Verified Which of the following statements is generally NOT ACCURATE about business intelligence, as discussed in class? - It is more useful in strategic than in tactical settings Which of the following is NOT a characteristic of System 1 thinking? - Explicit Ackoff (Management Misinformation Systems, 1967) describes information overload as.. - An overabundance of irrelevant information Knowledge which is codified, verbalized, accessible, and easily communicated is... - Explicit Dr. Mendoza obsessed over whether questions on this test were fair and clear (he was much less concerned with 'easy'). He is likely a(n)... - Maximizer Davenport (2006) describes it, among other things, as developing standard formats, storage policies and access policies, archival procedures, and proper owners and users - A data strategy Which of the following is NOT one of the three key attributes among analytics competitors discussed in Davenport (2006)? - Enterprise-wide use of descriptive statistics "I knew it!" is a response typical of the ___ heuristic - Confirmation Per class discussion, the use of data visualization techniques is largely a hallmark of.. - Business Intelligence Per class discussion, business intelligence tools and techniques are focused more on... - Describing what has happenedDavenport (2006) claims successful analytics competitors look well beyond the use of... - Descriptive statistics _____ knowledge is not typically codified, verbalized, accessible, or easily communicated - Implicit Which of the following heuristics is NOT one of the four major ones discussed in class? - Simplification Which of the following is NOT a characteristic of System 2 thinking? - Effortless Business analytics is sometimes described as "focused on self-service." Which of the statements below captures the essence of that statement? - There are no 'canned' reports provided to users Which of the following statements is generally ACCURATE? - Analytics are more useful in strategic than in tactical settings It uses the sum of the products of relative weights and ratings for individual criteria to evaluate options and make an optimal choice - Alternative evaluation matrix Business _____ is/are focused on self-service - Analytics ______ analytics focuses on describing events which have already taken place - Descriptive Some students may have crammed for this exam and not spent the necessary weekly amount of time to succeed. With respect to their grade, they may be most accurately classified - Satisficers Which of the following is NOT one of the five unjustifiable assumptions in IS design according to Ackoff (1867)? - Computing power and storage improve every yearAccording to Davenport (2006) "the right focus" refers to... - Spending the right resources on the right effort In Ackoff's 1967 article, data filtering and reduction are necessary activities to help eliminate... - The overabundance of irrelevant information According to Davenport (2006), a "company-wide respect for measuring, testing, and evaluating quantitative evidence" is the right... - Culture It is commonly-accepted knowledge that maximizers are better people than satisficers - False The Availability Heuristic helps us make decisions based on... - Vivid memories of events or facts Which of the following is NOT an appropriate descriptor of descriptive analytics? - Interactive The Gartner Analytic Ascendancy Model (figure 1) shows... - The increasing value of progressively more difficult data analysis activities Which of the following is NOT an appropriate descriptor of predictive analytics? - Static Which of the following is inconsistent with Davenport's (2006) "enterprise approach