AN 300 EXAM 1 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
1. Which of the following is the definition of decision making you learned from this
class?
A. It is to choose among alternative courses of action to improve organization
performance.
B. It is to make successful business plans.
C. It is to maximize profit.
D. It is to provide leadership for an organization.
E. It is to minimize costs.
Answer:
A
Question:
2. scientific
data driven
computer-assisted
data-driven
Answer:
The characteristics of a business analytics approach to decision making include
_____. (Check all that apply).
Intuition-based
Scientific
Data-driven
Subjective
Conventional
Experience-based
Computer-assisted
Fact-based
"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 _____.
A. Tradition
B. Feeling
C. Rule of thumb
D. Evidence
E. Fact
, Question:
3. what has happened?
what could happen?
what should happen?
Answer:
Match the category of Business Analytics on the left to the type of questions it
addresses on the right.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Question:
4. 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:
3,5,1,4,2
Question:
5. Descriptive analytics techniques include the following EXCEPT:
A. What-If analysis
B. Data-mining
C. Simulations
D. Reports
E. Data queries
Answer:
C.
Question:
6. What does SQL stand for?
A. Super Quick Language
B. Structured Quick Linguist
C. Standard Question List
D. Standard Query Language
E. Structured Query Language
Answer:
E.
CORRECT ANSWERS
Question:
1. Which of the following is the definition of decision making you learned from this
class?
A. It is to choose among alternative courses of action to improve organization
performance.
B. It is to make successful business plans.
C. It is to maximize profit.
D. It is to provide leadership for an organization.
E. It is to minimize costs.
Answer:
A
Question:
2. scientific
data driven
computer-assisted
data-driven
Answer:
The characteristics of a business analytics approach to decision making include
_____. (Check all that apply).
Intuition-based
Scientific
Data-driven
Subjective
Conventional
Experience-based
Computer-assisted
Fact-based
"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 _____.
A. Tradition
B. Feeling
C. Rule of thumb
D. Evidence
E. Fact
, Question:
3. what has happened?
what could happen?
what should happen?
Answer:
Match the category of Business Analytics on the left to the type of questions it
addresses on the right.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Question:
4. 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:
3,5,1,4,2
Question:
5. Descriptive analytics techniques include the following EXCEPT:
A. What-If analysis
B. Data-mining
C. Simulations
D. Reports
E. Data queries
Answer:
C.
Question:
6. What does SQL stand for?
A. Super Quick Language
B. Structured Quick Linguist
C. Standard Question List
D. Standard Query Language
E. Structured Query Language
Answer:
E.
