Exam (elaborations)

Test Bank for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson Verified Chapter's 1-12|Complete Guide A+

Rating

Sold

Pages

197

Grade

A+

Uploaded on

19-12-2025

Written in

2025/2026

This document serves as the instructor's guide for the first edition of Richardson and Watson's text, covering all 12 chapters. It introduces the SOAR Analytics Model (Specify the question, Obtain the data, Analyze the data, and Report the results) as a structured approach to solving business problems. Key educational components include: Data Lifecycle Management: Guidance on obtaining data from diverse business sources and applying basic statistics for diagnostic and descriptive analytics. Predictive & Prescriptive Analytics: Solutions for confirmatory analytics to forecast trends and recommend optimal business actions. Domain-Specific Analytics: Specialized chapters providing model solutions for Marketing, Accounting, Financial, and Operations Analytics. Data Visualization: Instructions on effectively reporting results through visual tools to aid managerial understanding. Advanced Analytics: Coverage of modern techniques such as Image Analytics and dynamic pricing models. Capstone Projects: Detailed support for implementing the SOAR model in comprehensive, real-world business scenarios.

Show more Read less

Institution

Introduction To Business Analytics

Course

Introduction to Business Analytics

Whoops! We can’t load your doc right now. Try again or contact support.

Report Copyright Violation

Connected book

Vernon J. Richardson, Katie Terrell, Marcia Weidenmier Watson Introduction to Business Analytics

Edition:2023
ISBN:9781265451813
Edition:Unknown

Written for

Institution: Introduction to Business Analytics
Course: Introduction to Business Analytics

Document information

Uploaded on: December 19, 2025
Number of pages: 197
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

Subjects

Content preview

Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions

Solution Manual for Introduction to Business Analytics,
1st Edition
By Vernon Richardson and Marcia Watson
Verified Chapter's 1 - 12 | Complete

, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions

TABLE OF CONTENTS
Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions

Chapter 2: Obtain the Data: An Introduction to Business Data Sources

Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics

Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics)

Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics)

Chapter 6: Report the Results: Using Data Visualization

Chapter 7: Marketing Analytics

Chapter 8: Accounting Analytics

Chapter 9: Financial Analytics

Chapter 10: Operations Analytics

Chapter 11: Advanced Business Analytics

Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects

, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions

Chapter 1 End-of-Chapter Assignment Solutions
Multiple Choice Questions
1. (LOA1.1)AAAcoordinated,AstandardizedAsetAofAactivitiesAconductedAbyAbothApeopleAandAequipmentAtoAaccomplish
AaAspecificAbusinessAtaskAisAcalled .
a. businessAprocesses
b. businessAanalysis
c. businessAprocedure
d. businessAvalue

2. (LOA1.2)AAccordingAtoAtheAinformationAvalueAchain,AdataAcombinedAwithAcontextAis
a. Information.
b. Knowledge.
c. Insight.
d. Value.

3. (LOA1.5)AWhichAphaseAofAtheASOARAanalyticsAmodelAaddressesAtheAproperAwayAtoAcommunicateAresultsAtoAt
heAdecisionAmaker?
a. SpecifyAtheAquestion
b. ObtainAtheAdata
c. AnalyzeAtheAdata
d. ReportAtheAresults

4. (LOA1.5)AWhichAphaseAofAtheASOARAanalyticsAmodelAinvolvesAfindingAtheAmostAappropriateAdataAneededAtoAaddre
ssAtheAbusinessAquestion?
a. SpecifyAtheAquestion
b. ObtainAtheAdata
c. AnalyzeAtheAdata
d. ReportAtheAresults

5. (LOA1.5)AWhichAquestionsAseekAinformationAaboutATesla’sAsalesAinAtheAnextAquarter?
a. WhatAhappened?AWhatAisAhappening?
b. WhyAdidAitAhappen?AWhatAareAtheAcausesAofApastAresults?
c. WillAitAhappenAinAtheAfuture?AWhatAisAtheAprobabilityAsomethingAwillAhappen?ACanAweAforecastAwh
atAwillAhappen?
d. WhatAshouldAweAdo,AbasedAonAwhatAweAexpectAwillAhappen?AHowAdoAweAoptimizeAourAperformanceAbas
edAonApotentialAconstraints?

6. (LOA1.5)AWhichAquestionsAseekAinformationAonAtheAroutingAofAproductsAfromAQueretaro,AMexicoAtoAChicag
o,AUnitedAStatesAinAtheAlastAquarter?
a. WhatAhappened?AWhatAisAhappening?
b. WhyAdidAitAhappen?AWhatAareAtheAcausesAofApastAresults?
c. WillAitAhappenAinAtheAfuture?AWhatAisAtheAprobabilityAsomethingAwillAhappen?ACanAweAforecastAwhatAw
illAhappen?
d. WhatAshouldAweAdo,AbasedAonAwhatAweAexpectAwillAhappen?AHowAdoAweAoptimizeAourAperformanceAbas
edAonApotentialAconstraints?

, Chapter 01 – Specify the Question: Using Business Analytics to Address Business Questions
7. (LOA1.5)AWhichAquestionsAaskAwhyAnetAincomeAisAincreasingAwhenArevenuesAareAdecreasing,AcounterA
toAexpectations?
a. WhatAhappened?AWhatAisAhappening?
b. WhyAdidAitAhappen?AWhatAareAtheAcausesAofApastAresults?
c. WillAitAhappenAinAtheAfuture?AWhatAisAtheAprobabilityAsomethingAwillAhappen?ACanAweAforecastAwhatAw
illAhappen?
d. WhatAshouldAweAdo,AbasedAonAwhatAweAexpectAwillAhappen?AHowAdoAweAoptimizeAourAperformanceAbas
edAonApotentialAconstraints?

8. (LOA1.5)AWhichAquestionsAhelpAmanagersAunderstandAhowAtoAorganizeAfutureAshipmentsAbasedAonAexpecte
dAdemand?
a. WhatAhappened?AWhatAisAhappening?
b. WhyAdidAitAhappen?AWhatAareAtheAcausesAofApastAresults?
c. WillAitAhappenAinAtheAfuture?AWhatAisAtheAprobabilityAsomethingAwillAhappen?ACanAweAforecastAwhatAw
illAhappen?
d. WhatAshouldAweAdo,AbasedAonAwhatAweAexpectAwillAhappen?AHowAdoAweAoptimizeAourAperforman
ceAbasedAonApotentialAconstraints?

9. (LOA1.5)AWhichAtermArefersAtoAtheAcombinedAaccuracy,Avalidity,AandAconsistencyAofAdataAstoredAandAusedAov
erAtime?
a. DataAintegrity
b. DataAoverload
c. DataAvalue
d. InformationAvalue

10. (LOA1.3)AAAspecialistAwhoAknowsAhowAtoAworkAwith,Amanipulate,AandAstatisticallyAtestAdataAisAa
a. decisionAmaker.
b. dataAscientist.
c. dataAanalyst.
d. decisionAscientist.

11. (LOA1.4)AWhichAtypeAofAanalystsApredictsAtheAamountAofAmoneyAthatAaAcompanyAwillAreceiveAfromAitsAcustomersA
toAhelpAmanagementAevaluateAfutureAinvestmentsAbasedAonAexpectedAinvestmentAperformance,AsuchAasAinvestm
entsAinAequipmentAorAemployeeAtraining?
a. MarketingAanalyst
b. OperationsAanalyst
c. FinancialAanalyst
d. AccountingAanalyst

12. (LOA1.4)AWhichAtypeAofAanalystAaddressesAquestionsAregardingAtaxAandAauditing?
a. MarketingAanalyst
b. OperationsAanalyst
c. FinancialAanalyst
d. AccountingAanalyst

13. (LOA1.5)ASupposeAaAcompanyAhasAtimelyAproductAreviewsAthatAareAavailableAwhenAneeded,AbutAtheAreviewsAa
reAbiased.ATheseAproductAreviewsAareAwhichAtypeAofAdata?
a. Reliable
b. Relevant
c. Curated
d. Consistent
©AMcGrawAHillALLC.AAllArightsAreserved.ANoAreproductionAorAdistributionAwithoutAtheApriorAwrittenAconsentAofAMcGrawAHillALLC.

4

$19.99

Get access to the full document:

100% satisfaction guarantee

Immediately available after payment

Both online and in PDF

No strings attached

Get to know the seller

excellnote

3.0

(3)

Get to know the seller

excellnote EXAMS

View profile

Sold

Member since

1 year

Number of followers

Documents

3388

Last sold

1 week ago

Excellnote: Your Premium Source for Comprehensive & High-Quality Study Notes and exam elaborations

"Welcome to Excellnote! Your ultimate source for high-quality, exam-ready study materials designed to help you excel in your toughest courses and certifications. I specialize in turning complex course material into clear, structured, and verified learning resources." "My library is continually updated and curated to ensure you have the most recent and relevant materials for your academic success. You will find:" -Comprehensive Exam Elaborations: Detailed question-and-answer sets for common exams, certifications, and course assessments. -Verified Solution Manuals: Step-by-step solutions for textbooks and complex problem sets. -Subject-Specific Question Banks: Extensive collections of practice questions with 100% verified answers for subjects like Nursing (HESI, ATI, NCLEX), Finance (CFA), Accounting, IT, and more. -In-Depth Study Guides: Focused summaries and revision notes created from official course materials and recommended texts. -Package Deals: High-value bundles combining multiple documents (like question banks and study guides) for maximum preparation and savings. I as Excellnote am committed to quality and academic rigor:A+ Grade Focus: Every document is meticulously prepared and cross-referenced to target the knowledge required for an A+ grade or a guaranteed exam pass.Timeliness & Accuracy: I prioritize providing the latest versions of study materials, often labeling them with the current academic year (e.g., 2025/2026) to ensure you are studying the most up-to-date content.Structured for Success: Documents feature clear formatting, logical organization, and are designed for quick and effective review, saving you countless hours of preparation time.Buyer Trust & Reputation: I am committed to a high standard of service, as reflected by positive reviews and repeat customers. Your satisfaction is my top priority. "Ready to simplify your study process and boost your grades? Click 'View All Documents' to browse my complete catalog. If you have any questions about a specific document, course, or exam, please feel free to send me a message. I am here to help you achieve academic excellence."

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller excellnote. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $19.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews) 44104 documents were sold in the last 30 days Founded in 2010, the go-to place to buy study notes for 15 years now

Test Bank for Introduction to Business Analytics, 1st Edition By Vernon Richardson and Marcia Watson Verified Chapter's 1-12|Complete Guide A+

Connected book

Written for

Document information

Subjects

Content preview

Get to know the seller

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Didn't get what you expected? Choose another document

Pay as you like, start learning right away

Frequently asked questions

What do I get when I buy this document?

Satisfaction guarantee: how does it work?

Who am I buying these notes from?

Will I be stuck with a subscription?

Can Stuvia be trusted?