Question 1

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Accepted Answer

A) True 
 B)False

Question 2

What is data?

Accepted Answer

A)  Raw facts that describe the characteristics of an event or object. 
B)  Facts converted into a meaningful and useful context. 
C)  Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. 
D)  Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources. 
A)  Raw facts that describe the characteristics of an event or object. 
B)  Facts converted into a meaningful and useful context. 
C)  Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. 
D)  Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources.

Question 3

What uses techniques that describe past performance and history?

Accepted Answer

A)  Business analytics. 
B)  Descriptive analytics. 
C)  Prescriptive analytics. 
D)  Predictive analytics. 
A)  Business analytics. 
B)  Descriptive analytics. 
C)  Prescriptive analytics. 
D)  Predictive analytics.

Question 4

Which data types are typically found in the finance department?

Accepted Answer

A)  Promotion data, sales data, advertising data. 
B)  Employee data, promotion data, vacation data. 
C)  Investment data, monetary data, reporting data. 
D)  Transactional data, purchasing data, payroll data, tax data. 
A)  Promotion data, sales data, advertising data. 
B)  Employee data, promotion data, vacation data. 
C)  Investment data, monetary data, reporting data. 
D)  Transactional data, purchasing data, payroll data, tax data.

Question 5

Which of the following is not a technology company, but used technology to revamp the business process of selling shoes?

Accepted Answer

A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon 
A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon

Question 6

Which activities belong in the human resources department?

Accepted Answer

A)  Records, measures, and reports monetary transactions. 
B)  Tracks strategic financial issues, including money, banking, credit, investments, and assets. 
C)  Supports the sales by planning, pricing, and promoting goods or services. 
D)  Maintains policies, plans, and procedures for the effective management of employees. 
A)  Records, measures, and reports monetary transactions. 
B)  Tracks strategic financial issues, including money, banking, credit, investments, and assets. 
C)  Supports the sales by planning, pricing, and promoting goods or services. 
D)  Maintains policies, plans, and procedures for the effective management of employees.

Question 7

If a business could produce the same hamburger with less expensive inputs, it would probably see a decrease in profits.

Accepted Answer

A) True 
 B)False

Question 8

The sales and marketing departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a technology company but, used technology to revamp the business process of renting videos?

Accepted Answer

A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon 
A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon

Question 10

What is the Internet of Things?

Accepted Answer

A)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B)  The extraction of information from data used to predict future trends and identify behavioral patterns. 
C)  A series of devices that connect directly to other devices. 
D)  Opportunities to change the way people purchase books. 
A)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B)  The extraction of information from data used to predict future trends and identify behavioral patterns. 
C)  A series of devices that connect directly to other devices. 
D)  Opportunities to change the way people purchase books.

Question 11

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Accepted Answer

A)  Sales 
B)  Operations management 
C)  Accounting 
D)  Finance 
A)  Sales 
B)  Operations management 
C)  Accounting 
D)  Finance

Question 12

Knowledge assets, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

Accepted Answer

A) True 
 B)False

Question 13

What uses techniques that create models indicating the best decision to make or course of action to take?

Accepted Answer

A)  Business analytics. 
B)  Descriptive analytics. 
C)  Prescriptive analytics. 
D)  Predictive analytics. 
A)  Business analytics. 
B)  Descriptive analytics. 
C)  Prescriptive analytics. 
D)  Predictive analytics.

Question 14

What are the characteristics of unstructured data?

Accepted Answer

A)  Does not follow a specified format. 
B)  Free-form text. 
C)  Emails, twitter tweets, and text messages. 
D)  All of these. 
A)  Does not follow a specified format. 
B)  Free-form text. 
C)  Emails, twitter tweets, and text messages. 
D)  All of these.

Question 15

If you were thinking about a home theater system which of the following represents the feedback?

Accepted Answer

A)  The DVD player, DVD movie, speakers, TV, and electricity. 
B)  Playing the movie including the audio through the speakers and the video on the TV. 
C)  A message stating that the disk is dirty and cannot be played. 
D)  Spinning the disk to play, pause, rewind, or fast forward. 
A)  The DVD player, DVD movie, speakers, TV, and electricity. 
B)  Playing the movie including the audio through the speakers and the video on the TV. 
C)  A message stating that the disk is dirty and cannot be played. 
D)  Spinning the disk to play, pause, rewind, or fast forward.

Question 16

What is the rate at which goods and services are produced based upon total output given total inputs?

Accepted Answer

A)  Goods 
B)  Services 
C)  Production 
D)  Productivity 
A)  Goods 
B)  Services 
C)  Production 
D)  Productivity

Question 17

Which of the following is not a technology company, but used technology to revamp the business process of selling books?

Accepted Answer

A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon 
A)  Netflix 
B)  Dell 
C)  Zappos 
D)  Amazon

Question 18

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A) True 
 B)False

Question 19

Which of these choices is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A)  Buyer power 
B)  Data 
C)  Fact 
D)  Entry barrier 
A)  Buyer power 
B)  Data 
C)  Fact 
D)  Entry barrier

Question 20

In terms of system thinking, what is the computer program that processes the data?

Accepted Answer

A)  Input 
B)  Output 
C)  Process 
D)  Feedback 
A)  Input 
B)  Output 
C)  Process 
D)  Feedback

Exam 1: Business Driven Technology

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

What is data?

What uses techniques that describe past performance and history?

Which data types are typically found in the finance department?

Which of the following is not a technology company, but used technology to revamp the business process of selling shoes?

Which activities belong in the human resources department?

If a business could produce the same hamburger with less expensive inputs, it would probably see a decrease in profits.

The sales and marketing departments primarily use monetary data.

Which of the following is not a technology company but, used technology to revamp the business process of renting videos?

What is the Internet of Things?

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Knowledge assets, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

What uses techniques that create models indicating the best decision to make or course of action to take?

What are the characteristics of unstructured data?

If you were thinking about a home theater system which of the following represents the feedback?

What is the rate at which goods and services are produced based upon total output given total inputs?

Which of the following is not a technology company, but used technology to revamp the business process of selling books?

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Which of these choices is the key term that defines the confirmation or validation of an event or object?

In terms of system thinking, what is the computer program that processes the data?

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Informationdatabases

Accessing Organizational Informationdata Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organizationdecision Making

Extending the Organizationsupply Chain Management

Building a Customer-Centric Organizationcustomer Relationship Management

Integrating the Organization From End to Endenterprise Resource Planning

Creating Innovative Organizations

Ebusiness

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Developing Software to Streamline Operations

Methodologies for Supporting Agile Organizations

Managing Organizational Projects

Business Driven Technology

Identifying Competitive Advantages

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Informationdatabases

Accessing Organizational Informationdata Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organizationdecision Making

Extending the Organizationsupply Chain Management

Building a Customer-Centric Organizationcustomer Relationship Management

Integrating the Organization From End to Endenterprise Resource Planning

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