Question 1

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 theseE) C) and D)
F) B) and D) B

Question 2

Data is a strategic asset for a business, and if the asset is not used, the business is wasting resources.

Accepted Answer

A) True 
 B)False

Question 3

Data latency is the time from which data are made available to the time when analysis is complete.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  Reliability
B)  Consistency
C)  Understandability
D)  Easy manipulationE) C) and D)
F) B) and D)

Question 5

Which of the following can use BI to make informed decisions?

Accepted Answer

A)  Law enforcement industry
B)  Airline industry
C)  Broadcasting industry
D)  All of theseE) C) and D)
F) None of the above

Question 6

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 these.E) B) and D)
F) All of the above

Question 7

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 8

What types of BI decisions include predicting sales, determining correct inventory levels and distribution schedules among outlets, and loss prevention?

Accepted Answer

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

Question 9

What is analysis latency?

Accepted Answer

A)  The time duration to make data ready for analysis and load 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 these.E) B) and C)
F) C) and D)

Question 10

What types of BI decisions include forecasting claim amounts and medical coverage costs, classifying the most important elements that affect medical coverage; predicting which customers will buy new insurance policies?

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 C)

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 theseE) None of the above
F) A) and B) A

Question 12

Improving the quality of business decisions has a direct impact on costs and revenue.

Accepted Answer

A) True 
 B)False  True

Question 13

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

Accepted Answer

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

Question 14

Describe the four categories of BI business benefits.

Accepted Answer

A practical way of breaking down these n...

Question 15

Which of the following is the result of BI that the data have been defined in business terms and calculations and algorithms are easily accessed for comprehension?

Accepted Answer

A)  Reliability
B)  Consistency
C)  Understandability
D)  Easy manipulationE) B) and C)
F) None of the above

Question 16

Which of the following is a result of implementing business intelligence systems and tools allowing business users to receive data for analysis?

Accepted Answer

A)  Reliability
B)  Understandability
C)  Easy manipulation
D)  All of theseE) B) and D)
F) B) and C)

Question 17

What types of BI decisions include predicting machinery failures and finding key factors that control optimization of manufacturing capacity?

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) A) and B)

Question 18

What is decision latency?

Accepted Answer

A)  The time duration to make data ready for analysis and load 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 these.E) B) and C)
F) All of the above

Question 19

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 theseE) B) and C)
F) A) and D)

Question 20

What types of BI decisions include forecasting levels of bad loans and fraudulent credit card use, credit card spending by new customers, and the kinds of customers who 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) None of the above
F) A) and D)

Exam 30: B: Extension: A Business Intelligence

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

Correct AnswerverifiedB

Data is a strategic asset for a business, and if the asset is not used, the business is wasting resources.

Correct AnswerverifiedShow Answer

Data latency is the time from which data are made available to the time when analysis is complete.

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 documented and there are no surprises such as missing or inaccurate data?

Correct AnswerverifiedShow Answer

Which of the following can use BI to make informed decisions?

Correct AnswerverifiedShow Answer

Which of the following is a business benefit of BI?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What types of BI decisions include predicting sales, determining correct inventory levels and distribution schedules among outlets, and loss prevention?

Correct AnswerverifiedShow Answer

What is analysis latency?

Correct AnswerverifiedShow Answer

What types of BI decisions include forecasting claim amounts and medical coverage costs, classifying the most important elements that affect medical coverage; predicting which customers will buy new insurance policies?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedA

Improving the quality of business decisions has a direct impact on costs and revenue.

Correct AnswerverifiedTrue

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

Correct AnswerverifiedShow Answer

Describe the four categories of BI business benefits.

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

Which of the following is the result of BI that the data have been defined in business terms and calculations and algorithms are easily accessed for comprehension?

Correct AnswerverifiedShow Answer

Which of the following is a result of implementing business intelligence systems and tools allowing business users to receive data for analysis?

Correct AnswerverifiedShow Answer

What types of BI decisions include predicting machinery failures and finding key factors that control optimization of manufacturing capacity?

Correct AnswerverifiedShow Answer

What is decision latency?

Correct AnswerverifiedShow Answer

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

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 the kinds of customers who will best respond to new loan offers?

Correct AnswerverifiedShow Answer

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A

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