(GCU) BIT 301 Fundamentals in Business Analysis - Latest Final Exam Review Q & S 2024

BIT 301




Fundamentals in Business
Analysis




LATEST FINAL EXAM REVIEW
Q&S




©2024/2025

,1. Which of the following steps in data analytics involves
identifying patterns and trends in historical data without assuming
any given structure?
- A) Predictive Analytics
- B) Descriptive Analytics
- C) Prescriptive Analytics
- D) Diagnostic Analytics


Answer: B) Descriptive Analytics
Rationale: Descriptive analytics is used to analyze past data for
patterns and trends.


2. What is the main advantage of using a Decision Tree in
business analytics?
- A) Complexity
- B) Clarity and interpretability
- C) High accuracy with large datasets
- D) Fast computation


Answer: B) Clarity and interpretability
©2024/2025

, Rationale: Decision Trees provide a clear visualization of
decision points and outcomes, making them easily interpretable.


3. Which of the following is NOT considered a component of a
Business Intelligence (BI) system?
- A) Data Warehouse
- B) OLAP tools
- C) Data Mining
- D) Printed Reports


Answer: D) Printed Reports
Rationale: BI systems typically consist of data storage, analysis
tools, and visualizations, not physical media.


Fill-in-the-Blank Questions


4. _________ analytics is used to recommend actions you can
take to affect desired outcomes.
Answer: Prescriptive
Rationale: Prescriptive analytics suggests courses of action and
potential implications by analyzing the available data.


©2024/2025