BUSINESS STATISTICS FOR
CONTEMPORARY DECISION MAKING
FINAL PAPER 2026 FULL Q&A STUDY GUIDE
GRADED A+
◉Data analytics can be described as: Answer: The abiltiy to make
better decisions using business data and technology.
◉______________________ are designed to correct a lack of
communication among the functional area IS by tightly integrating
the functional area IS via a common database. They adopt a business
process view of the overall organization to integrate the planning,
management, and use of all of an organization's resources,
employing a common software platform and database. Answer:
Enterprise Resource Planning System (ERP)
◉Which of the following is one of the ways businesses try to
compete in today's modern business environment? Answer: Use
Information Systems
◉Big Data focuses on the type of data that includes large numerical
items that are difficult to use in calculations. Answer: False
, ◉A _______________________ supports the monitoring, collection, storage,
and processing of data from the organization's basic business
transactions, each of which generates data. It collects data
continuously, typically in real time—that is, as soon as the data are
generated—and it provides the input data for the corporate
databases. Answer: Transaction Processing System (TPS)
◉____________________ combine models and data in an attempt to
analyze semistructured problems and some unstructured problems
that involve extensive user involvement. Answer: Decision Support
System (DSS)
◉Which of the following questions is not a primary focus of data
analytics? Answer: What has happened?
◉A _____________________ is a repository of historical data that is
organized by subject to support decision makers in the organization
Answer: Data Warehouse
◉Information Systems are vital to the success of any modern
business or organization. Answer: True
◉Which of the following is the most important goal of a Decision
Support System (DSS)? Answer: Support decision making
CONTEMPORARY DECISION MAKING
FINAL PAPER 2026 FULL Q&A STUDY GUIDE
GRADED A+
◉Data analytics can be described as: Answer: The abiltiy to make
better decisions using business data and technology.
◉______________________ are designed to correct a lack of
communication among the functional area IS by tightly integrating
the functional area IS via a common database. They adopt a business
process view of the overall organization to integrate the planning,
management, and use of all of an organization's resources,
employing a common software platform and database. Answer:
Enterprise Resource Planning System (ERP)
◉Which of the following is one of the ways businesses try to
compete in today's modern business environment? Answer: Use
Information Systems
◉Big Data focuses on the type of data that includes large numerical
items that are difficult to use in calculations. Answer: False
, ◉A _______________________ supports the monitoring, collection, storage,
and processing of data from the organization's basic business
transactions, each of which generates data. It collects data
continuously, typically in real time—that is, as soon as the data are
generated—and it provides the input data for the corporate
databases. Answer: Transaction Processing System (TPS)
◉____________________ combine models and data in an attempt to
analyze semistructured problems and some unstructured problems
that involve extensive user involvement. Answer: Decision Support
System (DSS)
◉Which of the following questions is not a primary focus of data
analytics? Answer: What has happened?
◉A _____________________ is a repository of historical data that is
organized by subject to support decision makers in the organization
Answer: Data Warehouse
◉Information Systems are vital to the success of any modern
business or organization. Answer: True
◉Which of the following is the most important goal of a Decision
Support System (DSS)? Answer: Support decision making
