Fundamentals of business analytics Exam
2026 Questions and Answers
Analytics - Correct answer-the exploration of extensive and diverse data to reveal
significant patterns and insights, using statistical, mathematical,
computational, and visualization methods. Its purpose is to transform raw
data into actionable information, assisting in decision-making, aligning
with business strategies, and prompting informed actions.
Harvard Business Review - Correct answer-"The extensive use of data, statistical
and quantitative analysis,
explanatory and predictive models, and fact-based
management to drive decisions and actions."
IBM - Correct answer-"The scientific process of transforming data into insights for
making better decisions.."
Analyst - Correct answer-is a skilled professional who gathers, processes, and
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, statistically analyzes extensive data sets. They derive valuable insights from the
data, guiding organizational decision-making.
Athena - Correct answer-The goddess of wisdom, knowledge, and strategic
warfare, is often associated with intellectual pursuits, wisdom, and strategy.
Census - Correct answer-Manual Data Collection:
Before the advent of computers and digital
technology, data collection was primarily a manual
process. This involved handwritten records, ledgers,
surveys, and various paper-based forms.
Telegraph and Postal Communication - Correct answer-Communication of data or
requests for data often involved telegraph or postal services. Researchers used
these means to request and exchange information.
Modern Data Gathering - Correct answer-obtaining data has significantly evolved
with the advent of technology and the proliferation of digital platforms. People
started using computers, which are relatively better and unbiased when it comes to
new forms and large volumes of data.
SaaS (Software as a Service) - Correct answer-Delivers software via the internet on
a
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
2026 Questions and Answers
Analytics - Correct answer-the exploration of extensive and diverse data to reveal
significant patterns and insights, using statistical, mathematical,
computational, and visualization methods. Its purpose is to transform raw
data into actionable information, assisting in decision-making, aligning
with business strategies, and prompting informed actions.
Harvard Business Review - Correct answer-"The extensive use of data, statistical
and quantitative analysis,
explanatory and predictive models, and fact-based
management to drive decisions and actions."
IBM - Correct answer-"The scientific process of transforming data into insights for
making better decisions.."
Analyst - Correct answer-is a skilled professional who gathers, processes, and
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, statistically analyzes extensive data sets. They derive valuable insights from the
data, guiding organizational decision-making.
Athena - Correct answer-The goddess of wisdom, knowledge, and strategic
warfare, is often associated with intellectual pursuits, wisdom, and strategy.
Census - Correct answer-Manual Data Collection:
Before the advent of computers and digital
technology, data collection was primarily a manual
process. This involved handwritten records, ledgers,
surveys, and various paper-based forms.
Telegraph and Postal Communication - Correct answer-Communication of data or
requests for data often involved telegraph or postal services. Researchers used
these means to request and exchange information.
Modern Data Gathering - Correct answer-obtaining data has significantly evolved
with the advent of technology and the proliferation of digital platforms. People
started using computers, which are relatively better and unbiased when it comes to
new forms and large volumes of data.
SaaS (Software as a Service) - Correct answer-Delivers software via the internet on
a
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
