,TEST BANK FOR h h
Introduction to Business Analytics 1st Edition Vernon J. Richardson Marcia
h h h h h h h h h
Weiden Chapter 1-11
h h h
Answers are at the End of Each Chapter
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Chapter 1 h
Student name: h
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
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1) A business process is a coordinated, standardized set of activities conducted by both people
h h h h h h h h h h h h h
and equipment to accomplish a specific business task.
h h h h h h h h
⊚ true h
⊚ false h
2) A business analyst is a data scientist who collects data to help an organization make
h h h h h h h h h h h h h h
effective business decisions.
h h h
⊚ true h
⊚ false h
3) Data is defined as information organized in a meaningful way to be useful to the user.
h h h h h h h h h h h h h h h
⊚ true h
⊚ false h
4) Information is defined as being data organized in a meaningful way to be useful to the user in
h h h h h h h h h h h h h h h h h
a given context.
h h h
⊚ true h
⊚ false h
5) A data scientist is a liaison between decision makers and business analysts.
h h h h h h h h h h h
⊚ true h
⊚ false h
6) Operations analytics uses business analytics to measure and improve the efficiency and
h h h h h h h h h h h
effectiveness of the company’s operations.
h h h h h
⊚ true h
⊚ false h
,7) The third step in the SOAR analytics model is to Access the data.
h h h h h h h h h h h h
⊚ true h
⊚ false h
8) Exploratory data visualization is used to communicate results of the analysis to decision
h h h h h h h h h h h h
makers and other stakeholders.
h h h h
⊚ true h
⊚ false h
CHECK ALL THE APPLY. Choose all options that best completes the statement or
h h h h h h h h h h h h
answers the question.
h h h
9) A visualization may be used to help with which component of the SOAR model?
h h h h h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
h h h h h h h h h h h h
answers the question.
h h h
10) The difficulty a person faces in understanding a problem and making a decision as a
h h h h h h h h h h h h h h
consequence of having too much data.
h h h h h h
A) Data Complexity h
B) Data Overload h
C) Analytics Mindset h
D) Data Challenges h
11) Which step of the SOAR model would usually involve computing an average?
h h h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
12) Which step of the SOAR model most appropriately addresses the skill mentioned by EY’s
h h h h h h h h h h h h h
analytics mindset of “extract, transform and load relevant data”?
h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
, 13) Use of a dashboard to track relevant outcomes would be consistent with which component of
h h h h h h h h h h h h h h
hthe SOAR model?
h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
14) What type of question(s) works to explain “Why did net income increase even though sales
h h h h h h h h h h h h h h
hdid not?”
h
A) What happened? What is happening?h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
15) What type of question is used in finding the level of sales needed to break even (exactly zero
h h h h h h h h h h h h h h h h h
hprofit)?
A) What happened? What is happening?h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
16) What type of question is “How long will it take for Christmas products to arrive at our stores
h h h h h h h h h h h h h h h h h
hif we source the products from Mexico rather than Indonesia?”
h h h h h h h h h
A) What happened? What is happening?
h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
Introduction to Business Analytics 1st Edition Vernon J. Richardson Marcia
h h h h h h h h h
Weiden Chapter 1-11
h h h
Answers are at the End of Each Chapter
h h h h h h h
Chapter 1 h
Student name: h
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
h h h h h h h h h h h h h h h
1) A business process is a coordinated, standardized set of activities conducted by both people
h h h h h h h h h h h h h
and equipment to accomplish a specific business task.
h h h h h h h h
⊚ true h
⊚ false h
2) A business analyst is a data scientist who collects data to help an organization make
h h h h h h h h h h h h h h
effective business decisions.
h h h
⊚ true h
⊚ false h
3) Data is defined as information organized in a meaningful way to be useful to the user.
h h h h h h h h h h h h h h h
⊚ true h
⊚ false h
4) Information is defined as being data organized in a meaningful way to be useful to the user in
h h h h h h h h h h h h h h h h h
a given context.
h h h
⊚ true h
⊚ false h
5) A data scientist is a liaison between decision makers and business analysts.
h h h h h h h h h h h
⊚ true h
⊚ false h
6) Operations analytics uses business analytics to measure and improve the efficiency and
h h h h h h h h h h h
effectiveness of the company’s operations.
h h h h h
⊚ true h
⊚ false h
,7) The third step in the SOAR analytics model is to Access the data.
h h h h h h h h h h h h
⊚ true h
⊚ false h
8) Exploratory data visualization is used to communicate results of the analysis to decision
h h h h h h h h h h h h
makers and other stakeholders.
h h h h
⊚ true h
⊚ false h
CHECK ALL THE APPLY. Choose all options that best completes the statement or
h h h h h h h h h h h h
answers the question.
h h h
9) A visualization may be used to help with which component of the SOAR model?
h h h h h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
h h h h h h h h h h h h
answers the question.
h h h
10) The difficulty a person faces in understanding a problem and making a decision as a
h h h h h h h h h h h h h h
consequence of having too much data.
h h h h h h
A) Data Complexity h
B) Data Overload h
C) Analytics Mindset h
D) Data Challenges h
11) Which step of the SOAR model would usually involve computing an average?
h h h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
12) Which step of the SOAR model most appropriately addresses the skill mentioned by EY’s
h h h h h h h h h h h h h
analytics mindset of “extract, transform and load relevant data”?
h h h h h h h h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
, 13) Use of a dashboard to track relevant outcomes would be consistent with which component of
h h h h h h h h h h h h h h
hthe SOAR model?
h h
A) Specify the Question h h
B) Obtain the Data h h
C) Analyze the Data h h
D) Report the Results h h
14) What type of question(s) works to explain “Why did net income increase even though sales
h h h h h h h h h h h h h h
hdid not?”
h
A) What happened? What is happening?h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
15) What type of question is used in finding the level of sales needed to break even (exactly zero
h h h h h h h h h h h h h h h h h
hprofit)?
A) What happened? What is happening?h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
16) What type of question is “How long will it take for Christmas products to arrive at our stores
h h h h h h h h h h h h h h h h h
hif we source the products from Mexico rather than Indonesia?”
h h h h h h h h h
A) What happened? What is happening?
h h h h
B) Why did it happen? What are the root causes of past results?
h h h h h h h h h h h
C) Will it happen in the future? What is the probability something will happen? Is it
h h h h h h h h h h h h h h
forecastable?
h
D) What should we do based on what we expect will happen? How do we optimize our
h h h h h h h h h h h h h h h
performance based on potential constraints?
h h h h h
