1
C723 Quantitative Analysis Questions
with 100% Correct Answers
Appropriate and useful quantitative analysis ensures of ______ data to
understand a business situation Correct Answer: valid and measurable
When is quantitative analysis most useful? Correct Answer: When the problem
being evaluated can be represented by discrete data are valid, objective, and
reliable.
Under what circumstances could quantitative analysis be used successfully?
Correct Answer: When the problem being analyzed can be numerically
represented and valid and reliable data are available
Which of the following accurately describes quantitative analysis? Correct
Answer: Ensuring the use of valid, reliable, and objectively measurable data in
order to understand a phenomenon
What would be the best reason for not wanting to use quantitative analysis?
Correct Answer: When the problem being evaluated lacks the presence of
objective, valid, reliable, and measurable data to use for the analysis
What would be the best application of quantitative analysis for the situations
below? Correct Answer: A marketing director wants to determine the average
household income of the company's key customers.
In defining a cause and effect relationship, the variable that drives some
change in another variable is called what? Correct Answer: Independent
variable
:
vPretest - Stuvia US
,2
In defining a cause and effect relationship, the variable that is changed as a
result of the action of some other variable is called what? Correct Answer:
Dependent variable
If there is a linear relationship between variables, we can say they are
correlated. Determining that variables are correlated is very important;
however, to draw specific conclusions about the cause and effect relationship
will take additional advanced analytical techniques to further test the
relationship in order to exclude other contributory factors that could have
caused the change.
When we have established a positive relationship between two variables, what
can we conclude? Correct Answer: There is an association between the
variables but not proof that a change in one causes a change in the other.
In determining relationships between cause and effect, what does it mean if
one variable increases as the other variable also increases? Correct Answer:
That there is a positive correlation between the variables
In studying cause and effect relationships, what can we say when there is a
positive relationship between the variables? Correct Answer: When the
independent variable increases, the dependent variable will increase at a
proportionate rate.
Although there are many benefits to forecasting, the primary purpose of
forecasting is to control the _______ situation in order to make better decisions.
Correct Answer: current
:
vPretest - Stuvia US
,3
Forecasting is used in order to help establish the ______ of a future event.
Correct Answer: probability
One purpose behind business forecasting it to estimate future demand. This is
particularly helpful for an operations manager to manage the use of today's
_______ in order to succeed in the future. Correct Answer: assets
One purpose behind business forecasting is to estimate future demand.
Forecasting gives planners the ability to make prudent ______ among/for _______
in order to maximize their likelihood for success. Correct Answer: choices; several
alternatives
What is the best description of an open-ended question? Correct Answer: A
question that can be answered multiple ways
What is a key difficulty associated with using an open-ended questions? Correct
Answer: The answers may not address the researcher's key question.
What is a key advantage in using closed-ended questions? Correct Answer:
They are easier to quantify and categorize.
Under what circumstances might a researcher want to use closed-ended
questions and not open-ended questions? Correct Answer: When the research
knows the reasonable field of alternative answers
There are several advantages to using closed-ended questions, saving time is
one. How is this possible? Correct Answer: The questions limit the range of
possible answers available.
A quantitative analysis can benefit by a researcher incorporating closed-ended
questions to gain specific information. Research questions would be considered
:
vPretest - Stuvia US
, 4
closed when the respondent can only select a specific answer. By using closed-
ended questions, the researcher can ensure data validity and consistency. It is
common for researchers to qualify their survey questions beforehand by
validating that the responses will be closed ended.
Using the qualified closed-ended questions will then help ensure that the actual
responses from the universe of respondents will be credible and consistent. How
is this possible? Correct Answer: The questions and responses can be qualified or
validated by the researcher beforehand.
The advantage of using mathematical techniques in research and quantitative
analysis are many. Among the key advantages are the following: Using numbers
for research increases the level of _________ by more clearly defining the
phenomena being evaluated. By using numbers, one also ________ the amount
of ambiguity of the topic being evaluated. Finally, using numbers in research
serves to better ________ the extent, breadth, and nature of the phenomena
being evaluated. Correct Answer: objectivity; reduces; quantify
Statistics is a key methodology behind quantitative analysis and is a very robust
and complex field. Statistics seeks to collect, analyze, and________ data. A key
advantage in using statistics derives from the fact that it can draw conclusions
about a(n)_______ based on a smaller______, which is representative of the
whole. Correct Answer: interpret; population; sample
[True/False] An example of quantitative analysis is collecting the narrative
experiences of people who were affected by the evacuation of New Orleans
during Hurricane Katrina. Correct Answer: False
:
vPretest - Stuvia US
C723 Quantitative Analysis Questions
with 100% Correct Answers
Appropriate and useful quantitative analysis ensures of ______ data to
understand a business situation Correct Answer: valid and measurable
When is quantitative analysis most useful? Correct Answer: When the problem
being evaluated can be represented by discrete data are valid, objective, and
reliable.
Under what circumstances could quantitative analysis be used successfully?
Correct Answer: When the problem being analyzed can be numerically
represented and valid and reliable data are available
Which of the following accurately describes quantitative analysis? Correct
Answer: Ensuring the use of valid, reliable, and objectively measurable data in
order to understand a phenomenon
What would be the best reason for not wanting to use quantitative analysis?
Correct Answer: When the problem being evaluated lacks the presence of
objective, valid, reliable, and measurable data to use for the analysis
What would be the best application of quantitative analysis for the situations
below? Correct Answer: A marketing director wants to determine the average
household income of the company's key customers.
In defining a cause and effect relationship, the variable that drives some
change in another variable is called what? Correct Answer: Independent
variable
:
vPretest - Stuvia US
,2
In defining a cause and effect relationship, the variable that is changed as a
result of the action of some other variable is called what? Correct Answer:
Dependent variable
If there is a linear relationship between variables, we can say they are
correlated. Determining that variables are correlated is very important;
however, to draw specific conclusions about the cause and effect relationship
will take additional advanced analytical techniques to further test the
relationship in order to exclude other contributory factors that could have
caused the change.
When we have established a positive relationship between two variables, what
can we conclude? Correct Answer: There is an association between the
variables but not proof that a change in one causes a change in the other.
In determining relationships between cause and effect, what does it mean if
one variable increases as the other variable also increases? Correct Answer:
That there is a positive correlation between the variables
In studying cause and effect relationships, what can we say when there is a
positive relationship between the variables? Correct Answer: When the
independent variable increases, the dependent variable will increase at a
proportionate rate.
Although there are many benefits to forecasting, the primary purpose of
forecasting is to control the _______ situation in order to make better decisions.
Correct Answer: current
:
vPretest - Stuvia US
,3
Forecasting is used in order to help establish the ______ of a future event.
Correct Answer: probability
One purpose behind business forecasting it to estimate future demand. This is
particularly helpful for an operations manager to manage the use of today's
_______ in order to succeed in the future. Correct Answer: assets
One purpose behind business forecasting is to estimate future demand.
Forecasting gives planners the ability to make prudent ______ among/for _______
in order to maximize their likelihood for success. Correct Answer: choices; several
alternatives
What is the best description of an open-ended question? Correct Answer: A
question that can be answered multiple ways
What is a key difficulty associated with using an open-ended questions? Correct
Answer: The answers may not address the researcher's key question.
What is a key advantage in using closed-ended questions? Correct Answer:
They are easier to quantify and categorize.
Under what circumstances might a researcher want to use closed-ended
questions and not open-ended questions? Correct Answer: When the research
knows the reasonable field of alternative answers
There are several advantages to using closed-ended questions, saving time is
one. How is this possible? Correct Answer: The questions limit the range of
possible answers available.
A quantitative analysis can benefit by a researcher incorporating closed-ended
questions to gain specific information. Research questions would be considered
:
vPretest - Stuvia US
, 4
closed when the respondent can only select a specific answer. By using closed-
ended questions, the researcher can ensure data validity and consistency. It is
common for researchers to qualify their survey questions beforehand by
validating that the responses will be closed ended.
Using the qualified closed-ended questions will then help ensure that the actual
responses from the universe of respondents will be credible and consistent. How
is this possible? Correct Answer: The questions and responses can be qualified or
validated by the researcher beforehand.
The advantage of using mathematical techniques in research and quantitative
analysis are many. Among the key advantages are the following: Using numbers
for research increases the level of _________ by more clearly defining the
phenomena being evaluated. By using numbers, one also ________ the amount
of ambiguity of the topic being evaluated. Finally, using numbers in research
serves to better ________ the extent, breadth, and nature of the phenomena
being evaluated. Correct Answer: objectivity; reduces; quantify
Statistics is a key methodology behind quantitative analysis and is a very robust
and complex field. Statistics seeks to collect, analyze, and________ data. A key
advantage in using statistics derives from the fact that it can draw conclusions
about a(n)_______ based on a smaller______, which is representative of the
whole. Correct Answer: interpret; population; sample
[True/False] An example of quantitative analysis is collecting the narrative
experiences of people who were affected by the evacuation of New Orleans
during Hurricane Katrina. Correct Answer: False
:
vPretest - Stuvia US
