BA 201 QUIZZES QUESTIONS AND ANSWERS
when a decision maker is faced with several alternatives and an uncertain set of future
events, s/he uses ___ to develop an optimal strategy
- utility theory
- predictive analytics
- data mining
- decision analysis - Answers :decision analysis
advanced analytics generally refers to _____
- descriptive and prescriptive analytics
- simulation
- predictive and prescriptive analytics
- decision analysis - Answers :predictive and prescriptive analytics
a ___ decision involves higher level issues and is concerned with the overall direction of
the organization, defining the overarching goals and aspirations for the organization's
future
- strategic
- tactical
- intuitive
- operational - Answers :strategic
___ analytics use techniques that take input data and yield a best course of action
- prescriptive
- simulation
- strategic
- operational - Answers :prescriptive
corporate level managers use ____ to summarize sales by region, current inventory
levels, and other company wide metrics all in a single screen
- simulations
- crosstabulation
- data dashboards
- tables - Answers :data dashboards
which of the following analytical techniques helps us arrive at the best decision?
- predictive analytics
- data mining
- prescriptive analytics
- descriptive analytics - Answers :Prescriptive analytics
optimization models can be used to ____
- assess the risk of investment portfolios
- forecast future financial performances
when a decision maker is faced with several alternatives and an uncertain set of future
events, s/he uses ___ to develop an optimal strategy
- utility theory
- predictive analytics
- data mining
- decision analysis - Answers :decision analysis
advanced analytics generally refers to _____
- descriptive and prescriptive analytics
- simulation
- predictive and prescriptive analytics
- decision analysis - Answers :predictive and prescriptive analytics
a ___ decision involves higher level issues and is concerned with the overall direction of
the organization, defining the overarching goals and aspirations for the organization's
future
- strategic
- tactical
- intuitive
- operational - Answers :strategic
___ analytics use techniques that take input data and yield a best course of action
- prescriptive
- simulation
- strategic
- operational - Answers :prescriptive
corporate level managers use ____ to summarize sales by region, current inventory
levels, and other company wide metrics all in a single screen
- simulations
- crosstabulation
- data dashboards
- tables - Answers :data dashboards
which of the following analytical techniques helps us arrive at the best decision?
- predictive analytics
- data mining
- prescriptive analytics
- descriptive analytics - Answers :Prescriptive analytics
optimization models can be used to ____
- assess the risk of investment portfolios
- forecast future financial performances
