OPRE 3330 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

OPRE 3330 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 The decisions concerning an organization's goal and future plans called - Answers Strategic Decisions Tactical Decisions define - Answers the steps taken to achieve the goals and objectives Picks and Axes Inc. is an Internet-based retail seller of hiking boots and ,mountaineering gear. The company decided to open retail stores across the major areas of the city to compliment its Internet-based strategy. This activity would be categorized as a(n) A)Tactical Decision B)Operational Decision C)Strategic Decision D)Financial Decision - Answers Strategic Decisions (blank) is the most critical step of the decision making process - Answers Identifying and defining the problem Date driven decisions making tends to decrease a firms - Answers Risk Data dashboards are a type of (blank) analytics - Answers Descriptive The extraction of information on the number of shipments, how much was included in each shipment, the date each shipment was sent, and so on form the manufacturing plants database exemplifies - Answers Data Queries Corporate-level managers use (blank) to summarize sales by region, current, inventory levels, and other company-wide metrics all in a single screen - Answers Data Dashboards a forecast that helps direct police officers to areas where crimes are likely to occur based on past data is an example of - Answers Predictive analysis Which one of the following is used in predictive analysis A)Data Dashboard B)Linear Regression C)Data Visualization D)Optimization Model - Answers Linear Regression A retail store owner offers a discount on product A and predicts that the customers would purchase products B and C in addition to product A. Identify the techniques used to make such a prediction A)Data Query B)Simulation C)Data Mining D)Data Dashboards - Answers Data Mining (blank) are used in the pharmaceutical industry to assess the risk of introducing a new drug A)Data Dashboards B)Charts C)Spreadsheet Models D)Simulation - Answers Simulation Which of the following analytical techniques help us arrive at the best decision? A)Predictive Analytics B)Data Mining C)Prescriptive Analytics D)Descriptive Analytics - Answers Prescriptive Analytics Simulation optimization helps - Answers to find good decisions in highly complex and highly uncertain settings. When a decision maker is faced with several alternatives and an uncertain set of future events, he uses (blank) to develop an optimal strategy - Answers Decision Analytics (Blank) helps in designing effective tables and charts for data visualization - Answers Data-ink ratio Deleting the grid lines in the table and the horizontal lines in the chart - Answers Increasing the data-ink ratio Tables should be used when - Answers the values being displayed have different units or very different magnitudes A useful type of table for describing data of two variables is a - Answers Crosstabulation A crosstabulation in Microsoft Excel is known as - Answers Pivot Table A line chart that has no axes but is used to provide information on overall trends for time series data is called a - Answers Sparkline A two-dimensional graph representing the data using different shades of color to indicate magnitude is called a - Answers Heat Map