Question 1

What is time-series information?

Accepted Answer

A)   Analyzes checkout scanner information
B)   Time-stamped information collected at a particular frequency
C)   Reveals the degree to which variables are related
D)   All of the aboveE) All of the above
F) A) and B)

Question 2

What types of BI decisions include forecasting levels of bad loans and fraudulent credit card use, credit card spending by new customers, and which kinds of customers will best respond to new loan offers?

Accepted Answer

A)   Retail and sales BI decisions
B)   Banking BI decisions
C)   Operations management BI decisions
D)   Insurance BI decisionsE) C) and D)
F) B) and D)

Question 3

Which of the following is a form of statistical analysis?

Accepted Answer

A)   Forecasting
B)   Market basket analysis
C)   Cluster analysis
D)   All of the aboveE) C) and D)
F) B) and D)

Question 4

Quantifiable benefits, indirectly quantifiable benefits, unpredictable benefits, and intangible benefits are the four primary categories of BI benefits.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a business benefit of BI?

Accepted Answer

A)   Single point of access to information for managers only
B)   BI available to financial organizational departments only
C)   Up-to-the minute information for everyone
D)   All of the aboveE) A) and B)
F) None of the above

Question 6

What is data latency?

Accepted Answer

A)   The time duration to make data ready for analysis and loading the data into the database
B)   The time from which data are made available to the time when analysis is complete
C)   The time it takes a human to comprehend the analytic results and determine an appropriate action
D)   None of the aboveE) None of the above
F) All of the above

Question 7

What is the primary problem most organizations face today concerning information?

Accepted Answer

A)   Business intelligence rich, information rich
B)   Data poor, information rich
C)   Business intelligence poor, information rich
D)   Data rich, information poorE) B) and C)
F) A) and D)

Question 8

Which company uses statistical analysis to automatically detect potential issues, provide quick and easy access to reports, and perform multidimensional analysis on all warranty information?

Accepted Answer

A)   Burlington Northern and Santa Fe Railroad
B)   BostonCoach
C)   Verizon Communications
D)   WhirlpoolE) A) and C)
F) All of the above

Question 9

Which type of BI benefits includes improved communication throughout the enterprise, improved job satisfaction of empowered users, and improved knowledge sharing?

Accepted Answer

A)   Quantifiable benefits
B)   Indirectly quantifiable benefits
C)   Unpredictable benefits
D)   Intangible benefitsE) None of the above
F) A) and C)

Question 10

What is a technique used to divide an information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?

Accepted Answer

A)   Association detection
B)   Market basket analysis
C)   Cluster analysis
D)   Intelligent agentE) A) and C)
F) None of the above

Question 11

Which form of BI has managers and analysts as its primary users?

Accepted Answer

A)   Operational BI
B)   Tactical BI
C)   Strategic BI
D)   All of the aboveE) C) and D)
F) All of the above

Question 12

Which of the following is the result of BI that the processes that deliver the data to the business community are well documents and there are no surprises such as missing or inaccurate data?

Accepted Answer

A)   Reliable
B)   Consistent
C)   Understandable
D)   Easily manipulatedE) All of the above
F) C) and D)

Question 13

Which form of BI uses real-time metrics for its data?

Accepted Answer

A)   Operational BI
B)   Tactical BI
C)   Strategic BI
D)   All of the aboveE) C) and D)
F) A) and B)

Question 14

Which type of BI conducts short-term analysis to achieve strategic goals?

Accepted Answer

A)   Operational BI
B)   Tactical BI
C)   Strategic BI
D)   All of the aboveE) None of the above
F) B) and D)

Question 15

Which form of BI uses months to years as its time frame?

Accepted Answer

A)   Operational BI
B)   Tactical BI
C)   Strategic BI
D)   All of the aboveE) A) and B)
F) None of the above

Question 16

Explain the problem associated with business intelligence. Describe the solution to this business problem.

Accepted Answer

The issue most organizations are facing ...

Question 17

Describe the three common forms of data-mining analysis?

Accepted Answer

The more common forms of data-mining ana...

Question 18

Market __________ analysis analyzes such items as websites and checkout scanner information to detect customers' buying behavior and predicts future behavior by identifying affinities among customers' choices of products and services.

Accepted Answer

The answer of Market __________ analysis analyzes such items as...

Question 19

What reveals the degree to which variables are related and the nature and frequency of these relationships in the information?

Accepted Answer

A)   Association detection
B)   Market basket analysis
C)   Cluster analysis
D)   Intelligent agentE) A) and B)
F) B) and C)

Question 20

Describe the four categories of BI business benefits.

Accepted Answer

A practical way of breaking down these n...

Exam 18: Business Intelligence

Which form of BI uses real-time metrics for its data?

Correct AnswerverifiedShow Answer

Quantifiable benefits, indirectly quantifiable benefits, unpredictable benefits, and intangible benefits are the four primary categories of BI benefits.

Correct AnswerverifiedShow Answer

Explain the problem associated with business intelligence. Describe the solution to this business problem.

Correct AnswerverifiedThe issue most organizations are facing ...View AnswerShow Answer

Which form of BI has managers and analysts as its primary users?

Correct AnswerverifiedShow Answer

What is the primary problem most organizations face today concerning information?

Correct AnswerverifiedShow Answer

Which type of BI conducts short-term analysis to achieve strategic goals?

Correct AnswerverifiedShow Answer

Which of the following is a form of statistical analysis?

Correct AnswerverifiedShow Answer

Describe the three common forms of data-mining analysis?

Correct AnswerverifiedThe more common forms of data-mining ana...View AnswerShow Answer

What is data latency?

Correct AnswerverifiedShow Answer

What types of BI decisions include forecasting levels of bad loans and fraudulent credit card use, credit card spending by new customers, and which kinds of customers will best respond to new loan offers?

Correct AnswerverifiedShow Answer

Which type of BI benefits includes improved communication throughout the enterprise, improved job satisfaction of empowered users, and improved knowledge sharing?

Correct AnswerverifiedShow Answer

Which form of BI uses months to years as its time frame?

Correct AnswerverifiedShow Answer

Describe the four categories of BI business benefits.

Correct AnswerverifiedA practical way of breaking down these n...View AnswerShow Answer

What is time-series information?

Correct AnswerverifiedShow Answer

Which of the following is the result of BI that the processes that deliver the data to the business community are well documents and there are no surprises such as missing or inaccurate data?

Correct AnswerverifiedShow Answer

What reveals the degree to which variables are related and the nature and frequency of these relationships in the information?

Correct AnswerverifiedShow Answer

Market __________ analysis analyzes such items as websites and checkout scanner information to detect customers' buying behavior and predicts future behavior by identifying affinities among customers' choices of products and services.

Correct AnswerverifiedShow Answer

What is a technique used to divide an information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?

Correct AnswerverifiedShow Answer

Which of the following is a business benefit of BI?

Correct AnswerverifiedShow Answer

Which company uses statistical analysis to automatically detect potential issues, provide quick and easy access to reports, and perform multidimensional analysis on all warranty information?

Correct AnswerverifiedShow Answer

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The issue most organizations are facing ...
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The more common forms of data-mining ana...
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Correct Answer
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Correct Answer
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A practical way of breaking down these n...
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Correct Answer
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