IS-303 Exam 1 Study Guide Exam
Questions With Correct Answers
Which |department |manages |the |process |of |converting |or |transforming |resources |into |goods |
or |services? |- |CORRECT |ANSWER✔✔-Operations |Management
____ |views |a |firm |as |a |series |of |business |processes |that |each |adds |value |to |the |product |or |
service. |- |CORRECT |ANSWER✔✔-Value |Chain |Analysis
What |is |the |rate |at |which |goods |and |services |are |produced |based |upon |total |output |given |
total |inputs? |- |CORRECT |ANSWER✔✔-Productivity
Which |data |types |are |typically |found |in |the |marketing |department? |- |CORRECT |ANSWER✔✔-
Promotion |data, |sales |data, |and |advertising |data
____ |is |high |when |there |are |many |alternatives |to |a |product |or |service |and |low |when |there |
are |few |alternatives |from |which |to |choose. |- |CORRECT |ANSWER✔✔-Threat |of |substitute |
products |or |services
Which |group |of |stakeholder's |primary |interests |includes |adhering |to |regulations/laws, |
increasing |employment, |and |ethical |taxation |reporting? |- |CORRECT |ANSWER✔✔-Government
What |describes |how |a |company |can |reduce |the |threat |of |substitute |products |of |services? |- |
CORRECT |ANSWER✔✔-Offer |additional |value |through |wider |product |distribution
What |analyzes |unstructured |data |associated |with |websites |to |identify |consumer |behavior |and |
website |navigation? |- |CORRECT |ANSWER✔✔-Web |Analytics
, What |definition |represents |a |data |scientist? |- |CORRECT |ANSWER✔✔-Extracts |knowledge |from |
data |by |performing |statistical |analysis, |data |mining, |and |advanced |analytics |on |big |data |to |
identify |trends, |market |changes, |and |other |relevant |information
What |statement |is |correct |when |considering |a |SWOT |analysis? |- |CORRECT |ANSWER✔✔-
Opportunities |and |threats |originate |outside |an |organization
If |you |were |thinking |about |a |washing |machine |as |a |system, |which |of |the |following |represents |
the |outputs? |- |CORRECT |ANSWER✔✔-The |clean |clothes
What |is |the |correct |definition |of |algorithms? |- |CORRECT |ANSWER✔✔-Mathematical |formulas |
placed |in |software |that |performs |an |analysis |on |a |dataset
____ |is |not |a |technology |company |but |used |technology |to |revamp |the |business |process |of |
streaming |movies. |- |CORRECT |ANSWER✔✔-Netflix
What |is |information |collected |from |multiple |sources |such |as |suppliers, |customers, |partners, |
and |industries |that |analyzes |patterns, |trends, |and |relationships |for |strategic |decision |making? |-
|CORRECT |ANSWER✔✔-Business |Intelligence
What |is |a |world |where |interconnected |internet-enabled |devices |or |"things" |have |the |ability |to
|collect |and |share |data |without |human |intervention? |- |CORRECT |ANSWER✔✔-Internet |of |
Things
What |are |prescriptive |analytics? |- |CORRECT |ANSWER✔✔-The |scientific |process |of |
transforming |data |into |insight |for |making |better |decisions
What |term |is |synonymous |with |business |analytics? |- |CORRECT |ANSWER✔✔-Analytics
Questions With Correct Answers
Which |department |manages |the |process |of |converting |or |transforming |resources |into |goods |
or |services? |- |CORRECT |ANSWER✔✔-Operations |Management
____ |views |a |firm |as |a |series |of |business |processes |that |each |adds |value |to |the |product |or |
service. |- |CORRECT |ANSWER✔✔-Value |Chain |Analysis
What |is |the |rate |at |which |goods |and |services |are |produced |based |upon |total |output |given |
total |inputs? |- |CORRECT |ANSWER✔✔-Productivity
Which |data |types |are |typically |found |in |the |marketing |department? |- |CORRECT |ANSWER✔✔-
Promotion |data, |sales |data, |and |advertising |data
____ |is |high |when |there |are |many |alternatives |to |a |product |or |service |and |low |when |there |
are |few |alternatives |from |which |to |choose. |- |CORRECT |ANSWER✔✔-Threat |of |substitute |
products |or |services
Which |group |of |stakeholder's |primary |interests |includes |adhering |to |regulations/laws, |
increasing |employment, |and |ethical |taxation |reporting? |- |CORRECT |ANSWER✔✔-Government
What |describes |how |a |company |can |reduce |the |threat |of |substitute |products |of |services? |- |
CORRECT |ANSWER✔✔-Offer |additional |value |through |wider |product |distribution
What |analyzes |unstructured |data |associated |with |websites |to |identify |consumer |behavior |and |
website |navigation? |- |CORRECT |ANSWER✔✔-Web |Analytics
, What |definition |represents |a |data |scientist? |- |CORRECT |ANSWER✔✔-Extracts |knowledge |from |
data |by |performing |statistical |analysis, |data |mining, |and |advanced |analytics |on |big |data |to |
identify |trends, |market |changes, |and |other |relevant |information
What |statement |is |correct |when |considering |a |SWOT |analysis? |- |CORRECT |ANSWER✔✔-
Opportunities |and |threats |originate |outside |an |organization
If |you |were |thinking |about |a |washing |machine |as |a |system, |which |of |the |following |represents |
the |outputs? |- |CORRECT |ANSWER✔✔-The |clean |clothes
What |is |the |correct |definition |of |algorithms? |- |CORRECT |ANSWER✔✔-Mathematical |formulas |
placed |in |software |that |performs |an |analysis |on |a |dataset
____ |is |not |a |technology |company |but |used |technology |to |revamp |the |business |process |of |
streaming |movies. |- |CORRECT |ANSWER✔✔-Netflix
What |is |information |collected |from |multiple |sources |such |as |suppliers, |customers, |partners, |
and |industries |that |analyzes |patterns, |trends, |and |relationships |for |strategic |decision |making? |-
|CORRECT |ANSWER✔✔-Business |Intelligence
What |is |a |world |where |interconnected |internet-enabled |devices |or |"things" |have |the |ability |to
|collect |and |share |data |without |human |intervention? |- |CORRECT |ANSWER✔✔-Internet |of |
Things
What |are |prescriptive |analytics? |- |CORRECT |ANSWER✔✔-The |scientific |process |of |
transforming |data |into |insight |for |making |better |decisions
What |term |is |synonymous |with |business |analytics? |- |CORRECT |ANSWER✔✔-Analytics
