Anchor

data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining or predictive analytics - Answer-the process of using transactional data to make other decisions and predictions business analytics - Answer-any use of statistical analysis to drive business decisio...

True - Answer-Market basket analysis is a data mining application that understands what products or services are commonly purchased together. True or False True - Answer-Artificial intelligence (AI) focuses on methods and technologies to emulate how humans learn and solve problems. True or False Unstructured problem - Answer-A(n) ____ is one for which there is no algorithm to follow to reach an optimal solution. a) structured report b) structured plan c) unstructured discussion ...

Data warehouses are subsets of data marts. - Answer-false One way an operational data store differs from a data warehouse is the recency of their data. - Answer-true Organizations seldom devote a lot of effort to creating metadata because it is not important for the effective use of data warehouses. - Answer-false Without middleware, different BI programs cannot easily connect to the data warehouse - Answer-true Moving the data into a data warehouse is usually the easiest part of its...

A business model describes how a company produces, delivers, and sells a product or service to create wealth. - Answer-True Information Technology (IT) consists of all the hardware a firm needs to use in order to achieve its business objectives, where as information systems consist of all of the software and business processes needed. - Answer-False Information systems literacy describes the behavioral approach to information systems, whereas computer literacy describes the technical appro...

What is big data? - Answer-Big data will show you trends and patterns, small data will not What drives big data? - Answer-As the world becomes more digital, we become more connected. Electronic devices are becoming more economical - meaning more people are gaining access to the digital space. Traditional forms of social communications are being replaced with digital ones (Facebook, online newspapers, email). Big data features - Answer-Volume Variety Velocity Veracity Variability Volat...

Which stage of the Requirements stages structures all requirements and designs so that they support the overall business purpose for a change and that they work effectively as a cohesive whole? a) Verify Requirements b)Validate Requirement c) Define Requirements Architecture (Correct) Specify and Model Requirements - Answer-c) Define Requirements Architecture Explanation Refer BABOK V3 pg 148., read more about the task 'Define Requirement Architecture' Which of the following te...

statistics - Answer-both the science of uncertainty and the technology of extracting information from data statistics - Answer-involves collecting, organizing, analyzing, interpreting, and presenting data a statistic - Answer-a summary measure of data is? descriptive statistics - Answer-refers to methods of describing and summarizing data using tabular, visual, and quantitative techniques metric - Answer-a unit of measurement that provides a way to objectively quantify performance ...

In the Isle of Capri case, the only capability added by the new software was increased processing speed of processing reports. (T/F) - Answer-F Data warehouse administrators (DWAs) do not need strong business insight since they only handle the technical aspect of the infrastructure. (T/F) - Answer-F The "single version of the truth" embodied in a data warehouse such as Capri Casinos' means all of the following EXCEPT A) decision makers get to see the same results to queries. ...

Which of the following statements is true about real estate advertising? A. It must be supervised by the principal or supervising broker B. It must be in the name of the firm C. The firm's licensed name must be clearly and legibly displayed D. All of the above - Answer-All of the above A person seeking a real estate license in Virginia MUST be: A. A resident of Virginia B. At least 21 years old C. A college graduate D. Competent and have a good reputation for honesty - Answer-Com...

Settlement Agent - Answer-The person charged with coordinating the activities and documentation necessary for completing a real estate transaction. Cannot be a Real estate salesperson Principle Broker - Answer-the one licensee who is responsible for all of the agent activities in the company associate broker - Answer-a broker, affiliated with a brokerage, who is not the principle broker Transaction Recovery Fund - Answer-provides relief to eligible consumers who have incurred losses thr...

Abstract of Title - Answer-A condensed history of property An acre contains (sq. ft.) - Answer-43,560 sq. ft. An administrator is - Answer-appointed by the courts to dispose of property when someone dies intestate Adverse Possession - Answer-A means of acquiring title to property Alienation Clause - Answer-Allows lender to require balance of loan to be paid in full when you allow someone to assume your loan An appurtenance is - Answer-something which benefits the property An as...

Active Status - Answer-An associate broker or salesperson under the supervision of a principal or supervising broker. Regulant - Answer-How one is governed/regulated by the board Associate Broker - Answer-A licensed broker, other than the principal broker or broker/owner at a firm. Client - Answer-A person who has entered into a brokerage relationship with a licensee Brokerage Relationship - Answer-The contractual relationship between a client and a licensee. Brokerage Agreement -...

Firm - Answer-any sole proprieteorship, partnership, assoc, LLC, or Corp that is required to have a separate brokerage firm license. "ABC Realty" must have a firm license, and a licensed principle broker DPOR - Answer-Board of Professional and Occupational Regulation. Consists of 9 members, appointed by governor to 4 yr terms. REB (real estate board) is part of DPOR. CIC Board - Answer-Common Interest Community Board, within the DPOR; separate from the REB. Creates licensure to govern co...

broker's supervisory requirements - Answer-Each place of business, each branch office, and each real estate team shall be supervised by a supervising broker. The supervising broker shall exercise reasonable and adequate supervision of the provision of real estate brokerage services by associate brokers and salespersons assigned to the branch office or real estate team. The supervising broker may designate another broker to assist in administering the provisions required by this section, but suc...

Transact the client's affairs in a certain business. - Answer-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - Answer-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - Answer-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

Who is not required to have a license to sell RE? - Answer-Those: (1) selling their own property, (2) act without compensation under POA, (3) resolve client issues as a licensed attorney, (4) follow a court order, (5) auctioneers, (6) rental agents, (7) sole proprietor-broker owned firms with a single location Minimum qualifications for individual licenses - Answer-High school diploma or eq., 18 yrs or older, good standing with other jurisdictions where licensed, must pass pre-license course ...

A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer-the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later - Answer-two years later A license ...

According to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. - Answer-One month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? - Answer-Within one month of the agreement's effective date Which of the following is a task that a licensee could perform for a customer in a transaction? - Answer-Providing the opposing party with signed copies of p...

Sole Proprietor: Principal Broker Owner - Answer-An individual broker, not a firm, trading under his or her bame or a ficticious name registered with the board. NO business entity firm license required Sole Proprietor: Non-Broker Owner - Answer-A brokerage firm owned by an unlicensed individual. The firm must get a business entity firm license before transacting RE business. The firm still must have a licensed principal broker Inactive Status - Answer-Any broker or salesperson not under su...

Who is not required to have a license to sell RE? - Answer-Those: (1) selling their own property, (2) act without compensation under POA, (3) resolve client issues as a licensed attorney, (4) follow a court order, (5) auctioneers, (6) rental agents, (7) sole proprietor-broker owned firms with a single location Minimum qualifications for individual licenses - Answer-High school diploma or eq., 18 yrs or older, good standing with other jurisdictions where licensed, must pass pre-license course ...