DAB Exam 1 Questions with Complete
Solutions 2024/2025
computer basics - ANSWERS
buisness value - ANSWERSrefers to all the items, events, andinteractions that determine a company's
financial health.
data overload - ANSWERSAccess or exposure to too much data; prevents data from being properly
synthesized and interpreted.
information value chain (collection, compliation, decision - ANSWERSdata =raw facts that have little
meaning on their own
context= the setting, event, statementor situationn
Information= Data Organized in a Way to Be Useful to the Analyst or UserCombining Data with Context),
Knowledge= Understanding or Familiarity With Information Gained
Decisions =Conclusion reached after Consideration of Knowledge is Considered
Roles of buisnes analyst vs. scientists - ANSWERSdecision maker-Needs Knowledge and Information
Make Decisions
data scientist-a specialist who knows how to work with, manipulate, and statistically test data
business/data analyst-The Interpreter or Liaision.The one that knows business, knows what data
isneeded, and knows how to communicate with boththe decision maker and the data scientis*BUISNESS
ANALYST IS IN THE MIDDLE OF DECISION MAKER & DATA SCIENTIST
SOAR Model - ANSWERSspecify the question
, obtain. the data
analyze the results
report the report the results
data integrity - ANSWERSoverall completeness, accuracy, and consistency of data and is achieved by
error checking and correction protocols.
buisness process - ANSWERSa coordinated, standardized set ofactivities conducted by both people and
equipment toaccomplish a specific business task
buisness analytics - ANSWERSas the use of data to create knowledge, to help draw conclusions and
address business questions.
accounting analytics - ANSWERSAccounting Analytics uses business analytics to helpmeasure accounting
performance and addressaccounting questions in the audit, financial accounting,managerial accounting
and tax areas.
financial analytics - ANSWERSuses business analytics to help acompany measure and evaluate its
financialperformance, from predicting receivables collection fromits customers to helping management
evaluate futureinvestments
operations analytics - ANSWERSmeasure and improve the efficiencyand effectiveness of the company's
operations, sinceoperations is all actions needed to run the company andgenerate income
marketing analytics - ANSWERSMarketing analytics measures and attempts to improveits marketing
performance
line graph - ANSWERSa graph that uses one or more lines to show changes in statistics over time or
space
pie chart - ANSWERS
Solutions 2024/2025
computer basics - ANSWERS
buisness value - ANSWERSrefers to all the items, events, andinteractions that determine a company's
financial health.
data overload - ANSWERSAccess or exposure to too much data; prevents data from being properly
synthesized and interpreted.
information value chain (collection, compliation, decision - ANSWERSdata =raw facts that have little
meaning on their own
context= the setting, event, statementor situationn
Information= Data Organized in a Way to Be Useful to the Analyst or UserCombining Data with Context),
Knowledge= Understanding or Familiarity With Information Gained
Decisions =Conclusion reached after Consideration of Knowledge is Considered
Roles of buisnes analyst vs. scientists - ANSWERSdecision maker-Needs Knowledge and Information
Make Decisions
data scientist-a specialist who knows how to work with, manipulate, and statistically test data
business/data analyst-The Interpreter or Liaision.The one that knows business, knows what data
isneeded, and knows how to communicate with boththe decision maker and the data scientis*BUISNESS
ANALYST IS IN THE MIDDLE OF DECISION MAKER & DATA SCIENTIST
SOAR Model - ANSWERSspecify the question
, obtain. the data
analyze the results
report the report the results
data integrity - ANSWERSoverall completeness, accuracy, and consistency of data and is achieved by
error checking and correction protocols.
buisness process - ANSWERSa coordinated, standardized set ofactivities conducted by both people and
equipment toaccomplish a specific business task
buisness analytics - ANSWERSas the use of data to create knowledge, to help draw conclusions and
address business questions.
accounting analytics - ANSWERSAccounting Analytics uses business analytics to helpmeasure accounting
performance and addressaccounting questions in the audit, financial accounting,managerial accounting
and tax areas.
financial analytics - ANSWERSuses business analytics to help acompany measure and evaluate its
financialperformance, from predicting receivables collection fromits customers to helping management
evaluate futureinvestments
operations analytics - ANSWERSmeasure and improve the efficiencyand effectiveness of the company's
operations, sinceoperations is all actions needed to run the company andgenerate income
marketing analytics - ANSWERSMarketing analytics measures and attempts to improveits marketing
performance
line graph - ANSWERSa graph that uses one or more lines to show changes in statistics over time or
space
pie chart - ANSWERS
