Exam 1: An Overview of Business Intelligence, Analytics, and Decision Support

When Sabre developed their Enterprise Data Warehouse, they chose to use near-real-time updating of their database. The main reason they did so was

Free

(Multiple Choice)

4.7/5

(40)

Question 1

Correct Answer:

Verified

________ cycle times are now extremely compressed, faster, and more informed across industries.

Free

(Short Answer)

4.9/5

(41)

Question 2

Correct Answer:

Verified

Business

List three developments that have contributed to facilitating growth of decision support and analytics.

Free

(Essay)

4.9/5

(32)

Question 3

Correct Answer:

Verified

•Group communication and collaboration
•Improved data management
•Managing giant data warehouses and Big Data
•Analytical support
•Overcoming cognitive limits in processing and storing information
•Knowledge management
•Anywhere, anytime support

________ is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies.

(Short Answer)

4.7/5

(39)

Question 4

Due to the fact that business environments are now more complex than ever, trial-and-error is an effective means of arriving at acceptable solutions.

(True/False)

5.0/5

(30)

Question 5

In a four-step process for decision making, managers construct a model of the problem before they evaluate potential solutions.

(True/False)

4.8/5

(26)

Question 6

Actionable intelligence is the primary goal of modern-day Business Intelligence (BI) systems vs. historical reporting that characterized Management Information Systems (MIS).

(True/False)

4.8/5

(38)

Question 7

Due to the fact that organizations seek to store greater amounts of data than ever before, the cost per byte of computer-based data storage devices is rapidly rising.

(True/False)

4.9/5

(37)

Question 8

Which of the following statements about cognitive limits of organizational decision makers is true?

(Multiple Choice)

4.9/5

(40)

Question 9

In answering the question "Which customers are likely to be using fake credit cards?", you are most likely to use which of the following analytic applications?

(Multiple Choice)

4.9/5

(34)

Question 10

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?", you are most likely to use which of the following analytic applications?

(Multiple Choice)

4.7/5

(39)

Question 11

________ technology enables managers to access and analyze information anytime and from anyplace.

(Short Answer)

4.7/5

(31)

Question 12

For the majority of organizations, a daily accounts receivable transaction is a(n)

(Multiple Choice)

4.9/5

(36)

Question 13

________ analytics help managers understand probable future outcomes.

(Short Answer)

4.9/5

(38)

Question 14

List and describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

(Essay)

4.8/5

(36)

Question 15

All of the following may be viewed as decision support systems EXCEPT

(Multiple Choice)

4.8/5

(31)

Question 16

Computerized support is only used for organizational decisions that are responses to external pressures, not for taking advantage of opportunities.

(True/False)

4.9/5

(37)

Question 17

Computerized information systems help decision makers overcome human cognitive limitations in assembling and processing varied information. However, this is of little use in most analytical applications.

(True/False)

4.9/5

(43)

Question 18

Business intelligence (BI) can be characterized as a transformation of

(Multiple Choice)

4.7/5

(33)

Question 19

Describe the types of computer support that can be used for structured, semistructured, and unstructured decisions.

(Essay)

4.8/5

(31)

Question 20

Showing 1 - 20 of 70

When Sabre developed their Enterprise Data Warehouse, they chose to use near-real-time updating of their database. The main reason they did so was

________ cycle times are now extremely compressed, faster, and more informed across industries.

List three developments that have contributed to facilitating growth of decision support and analytics.

________ is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies.

Due to the fact that business environments are now more complex than ever, trial-and-error is an effective means of arriving at acceptable solutions.

In a four-step process for decision making, managers construct a model of the problem before they evaluate potential solutions.

Actionable intelligence is the primary goal of modern-day Business Intelligence (BI) systems vs. historical reporting that characterized Management Information Systems (MIS).

Due to the fact that organizations seek to store greater amounts of data than ever before, the cost per byte of computer-based data storage devices is rapidly rising.

Which of the following statements about cognitive limits of organizational decision makers is true?

In answering the question "Which customers are likely to be using fake credit cards?", you are most likely to use which of the following analytic applications?

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?", you are most likely to use which of the following analytic applications?

________ technology enables managers to access and analyze information anytime and from anyplace.

For the majority of organizations, a daily accounts receivable transaction is a(n)

________ analytics help managers understand probable future outcomes.

List and describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

All of the following may be viewed as decision support systems EXCEPT

Computerized support is only used for organizational decisions that are responses to external pressures, not for taking advantage of opportunities.

Computerized information systems help decision makers overcome human cognitive limitations in assembling and processing varied information. However, this is of little use in most analytical applications.

Business intelligence (BI) can be characterized as a transformation of

Describe the types of computer support that can be used for structured, semistructured, and unstructured decisions.

Foundations and Technologies for Decision Making

Data Warehousing

Business Reporting, Visual Analytics, and Business Performance Management

Data Mining

Techniques for Predictive Modeling

Text Analytics, Text Mining, and Sentiment Analysis

Web Analytics, Web Mining, and Social Analytics

Model-Based Decision Making: Optimization and Multi-Criteria Systems

Modeling and Analysis: Heuristic Search Methods and Simulation

Automated Decision Systems and Expert Systems

Knowledge Management and Collaborative Systems

Big Data and Analytics

Business Analytics: Emerging Trends and Future Impacts

Filters