AN300 1st Test fully solved &
verified for accuracy(guaranteed
pass)
Which of the following is the definition of decision making you
learned from this class?
It is to make successful business plans.
It is to choose among alternative courses of action to improve
organization performance.
It is to provide leadership for an organization.
It is to minimize costs.It is to maximize profit. - answer It is to
choose among alternative courses of action to improve organization
performance.
Select a number from 1 (earliest) to 5 (latest) to reflect the
chronological sequence of each of the following stages in the
decision making process:
1. Identify alternative solutions.
2. Choose one alternative
3. Define a decision making situation
4. Evaluate each alternative using the chosen criteria
,5. Determine the criteria used to evaluate alternative solutions -
answer 1. -3
2.- 5
3- 1
4.- 4
5. - 2
The characteristics of a business analytics approach to decision
making include _____. (Check all that apply).
Fact-based
Scientific
Computer-assisted
Data-driven
Intuition-based
Experience-based
Subjective
Conventional - answer Fact-based
Scientific
Computer-assisted
Data-driven
"We will not offer online shopping because our customers always
prefer shopping at our brick-and-mortar stores" is an example of
making decisions based on _____.
Feeling
Rule of thumb
,Tradition
Fact
Evidence - answer Tradition
Match the category of Business Analytics on the left to the type of
questions it addresses on the right.
1. Descriptive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen?
2. Predictive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen?
3. Prescriptive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen? - answer 1. What has happened?
2. What Could happen?
3. What Should happen?
Descriptive analytics techniques include the following EXCEPT:
Reports
Data-mining
Data queries
Data dashboards
, Simulations - answer Simulations
Which of the following is a descriptive data mining technique?
Linear Programming.
What-If Analysis.
Cluster Analysis.
SQL.
Decision Analysis-Utility Theory. - answer Cluster Analysis.
Which of the following is/are characteristic of big data? (Check all
that apply).
Vitality
Validity
Valence
Veracity
Variety
Volume - answer Variety
verified for accuracy(guaranteed
pass)
Which of the following is the definition of decision making you
learned from this class?
It is to make successful business plans.
It is to choose among alternative courses of action to improve
organization performance.
It is to provide leadership for an organization.
It is to minimize costs.It is to maximize profit. - answer It is to
choose among alternative courses of action to improve organization
performance.
Select a number from 1 (earliest) to 5 (latest) to reflect the
chronological sequence of each of the following stages in the
decision making process:
1. Identify alternative solutions.
2. Choose one alternative
3. Define a decision making situation
4. Evaluate each alternative using the chosen criteria
,5. Determine the criteria used to evaluate alternative solutions -
answer 1. -3
2.- 5
3- 1
4.- 4
5. - 2
The characteristics of a business analytics approach to decision
making include _____. (Check all that apply).
Fact-based
Scientific
Computer-assisted
Data-driven
Intuition-based
Experience-based
Subjective
Conventional - answer Fact-based
Scientific
Computer-assisted
Data-driven
"We will not offer online shopping because our customers always
prefer shopping at our brick-and-mortar stores" is an example of
making decisions based on _____.
Feeling
Rule of thumb
,Tradition
Fact
Evidence - answer Tradition
Match the category of Business Analytics on the left to the type of
questions it addresses on the right.
1. Descriptive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen?
2. Predictive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen?
3. Prescriptive Analytics [ Choose ] Who is responsible for this to
happen? What could happen? What has happened? What should
happen? When did this happen? Why this is happening? How did this
happen? - answer 1. What has happened?
2. What Could happen?
3. What Should happen?
Descriptive analytics techniques include the following EXCEPT:
Reports
Data-mining
Data queries
Data dashboards
, Simulations - answer Simulations
Which of the following is a descriptive data mining technique?
Linear Programming.
What-If Analysis.
Cluster Analysis.
SQL.
Decision Analysis-Utility Theory. - answer Cluster Analysis.
Which of the following is/are characteristic of big data? (Check all
that apply).
Vitality
Validity
Valence
Veracity
Variety
Volume - answer Variety
