AN 300 – Exam 1 Review and Study Guide
A - correct answer ✔✔ Which of the following is the definition of decision making you learned
from this class?
A. It is to choose among alternative courses of action to improve organization performance.
B. It is to make successful business plans.
C. It is to maximize profit.
D. It is to provide leadership for an organization.
E. It is to minimize costs.
scientific
data driven
computer-assisted
data-driven - correct answer ✔✔ The characteristics of a business analytics approach to
decision making include _____. (Check all that apply).
Intuition-based
Scientific
Data-driven
Subjective
Conventional
Experience-based
Computer-assisted
Fact-based
- correct answer ✔✔ "We will not offer online shopping because our customers always prefer
shopping at our brick-and-mortar stores" is an example of making decisions based on _____.
A. Tradition
,B. Feeling
C. Rule of thumb
D. Evidence
E. Fact
what has happened?
what could happen?
what should happen? - correct answer ✔✔ Match the category of Business Analytics on the left
to the type of questions it addresses on the right.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
3,5,1,4,2 - correct answer ✔✔ Select a number from 1 (earliest) to 5 (latest) to reflect the
chronological sequence of each of the following stages in the decision making process:
1. Identify alternative solutions
2. Choose one alternative
3. Define a decision making situation
4. Evaluate each alternative using the chosen criteria
5. Determine the criteria used to evaluate alternative solutions
C. - correct answer ✔✔ Descriptive analytics techniques include the following EXCEPT:
A. What-If analysis
B. Data-mining
C. Simulations
D. Reports
E. Data queries
, E. - correct answer ✔✔ What does SQL stand for?
A. Super Quick Language
B. Structured Quick Linguist
C. Standard Question List
D. Standard Query Language
E. Structured Query Language
variety
volume
veracity - correct answer ✔✔ Which of the following is/are characteristic of big data? (Check all
that apply).
Variety
Volume
Valence
Veracity
Vitality
Validity
D. - correct answer ✔✔ Which of the following is a predictive analytics software tool?
A. Regression tree
B. EndNote
C. Time-Series forecasting
D. IBM SPSS Modeler
E. Simulation
A - correct answer ✔✔ Which of the following is the definition of decision making you learned
from this class?
A. It is to choose among alternative courses of action to improve organization performance.
B. It is to make successful business plans.
C. It is to maximize profit.
D. It is to provide leadership for an organization.
E. It is to minimize costs.
scientific
data driven
computer-assisted
data-driven - correct answer ✔✔ The characteristics of a business analytics approach to
decision making include _____. (Check all that apply).
Intuition-based
Scientific
Data-driven
Subjective
Conventional
Experience-based
Computer-assisted
Fact-based
- correct answer ✔✔ "We will not offer online shopping because our customers always prefer
shopping at our brick-and-mortar stores" is an example of making decisions based on _____.
A. Tradition
,B. Feeling
C. Rule of thumb
D. Evidence
E. Fact
what has happened?
what could happen?
what should happen? - correct answer ✔✔ Match the category of Business Analytics on the left
to the type of questions it addresses on the right.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
3,5,1,4,2 - correct answer ✔✔ Select a number from 1 (earliest) to 5 (latest) to reflect the
chronological sequence of each of the following stages in the decision making process:
1. Identify alternative solutions
2. Choose one alternative
3. Define a decision making situation
4. Evaluate each alternative using the chosen criteria
5. Determine the criteria used to evaluate alternative solutions
C. - correct answer ✔✔ Descriptive analytics techniques include the following EXCEPT:
A. What-If analysis
B. Data-mining
C. Simulations
D. Reports
E. Data queries
, E. - correct answer ✔✔ What does SQL stand for?
A. Super Quick Language
B. Structured Quick Linguist
C. Standard Question List
D. Standard Query Language
E. Structured Query Language
variety
volume
veracity - correct answer ✔✔ Which of the following is/are characteristic of big data? (Check all
that apply).
Variety
Volume
Valence
Veracity
Vitality
Validity
D. - correct answer ✔✔ Which of the following is a predictive analytics software tool?
A. Regression tree
B. EndNote
C. Time-Series forecasting
D. IBM SPSS Modeler
E. Simulation
