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Appendix: Business Intelligence

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Question 1
Free
Multiple Choice

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?

Choose correct answer/s
A

Association detection

B

Market basket analysis

C

Cluster analysis

D

Intelligent agent

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Question 2
Free
Multiple Choice

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

Choose correct answer/s
A

Association detection

B

Market basket analysis

C

Cluster analysis

D

Intelligent agent

Check answer
Question 3
Free
Multiple Choice

Which of the following represents market basket analysis?

Choose correct answer/s
A

Analyzes website information

B

Analyzes checkout scanner information

C

Detects customers' buying behavior

D

All of these

Check answer
Question 4
Free
Multiple Choice

What is time-series information?

Choose correct answer/s
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 these

Check answer
Question 5
Free
Multiple Choice

Which of the following is a form of statistical analysis?

Choose correct answer/s
A

Forecasting

B

Market basket analysis

C

Cluster analysis

D

All of these

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Question 6
Multiple Choice

What are forecasts?

Choose correct answer/s
A
Predictions made on the basis of time-series information
B
Time-stamped information collected at a particular frequency
C
Reveals the degree to which variables are related
D
All of these
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Question 7
Multiple Choice

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?

Choose correct answer/s
A
Burlington Northern and Santa Fe Railroad
B
BostonCoach
C
Verizon Communications
D
Whirlpool
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Question 8
Multiple Choice

Which type of BI manages daily operations and integrates BI with operational systems?

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 9
Multiple Choice

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

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 10
Multiple Choice

Which type of BI achieves long-term organizational goals?

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 11
Multiple Choice

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

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 12
Multiple Choice

Which form of BI uses the time frame of days to weeks to months?

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 13
Multiple Choice

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

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 14
Multiple Choice

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

Choose correct answer/s
A
Operational BI
B
Tactical BI
C
Strategic BI
D
All of these
To unlock the question
Question 15
Multiple Choice

What is data latency?

Choose correct answer/s
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 result and determine an appropriate action
D
None of these
To unlock the question
Question 16
Multiple Choice

What is analysis latency?

Choose correct answer/s
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 result and determine an appropriate action
D
None of these
To unlock the question
Question 17
Multiple Choice

What is decision latency?

Choose correct answer/s
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 result and determine an appropriate action
D
None of these
To unlock the question
Question 18
Multiple Choice

Which of the following is a business benefit of BI?

Choose correct answer/s
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 these
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Question 19
Multiple Choice

Which of the following is one of the four main categories of BI benefits?

Choose correct answer/s
A
Quantifiable benefits
B
Predictable benefits
C
Tangible benefits
D
All of these
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Question 20
Multiple Choice

Which type of BI benefits includes working time saved in producing reports and selling information to suppliers?

Choose correct answer/s
A
Quantifiable benefits
B
Indirectly quantifiable benefits
C
Unpredictable benefits
D
Intangible benefits
To unlock the question