Deck 30: B: Extension: A Business Intelligence

Question 1

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

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

Answer 1

A

Question 2

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?

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

Answer 2

D

Question 3

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

Answer 3

True

Question 4

What do organizations using BI ask to find the root causes to problems and provide solutions?

A)What
B)When
C)Where
D)Why

Question 5

Which of the following is the result of BI that implies that the data have been documented as the certified or approved data for the enterprise?

A)Reliability
B)Consistency
C)Understandability
D)Easy manipulation

Question 6

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

A)Law enforcement industry
B)Airline industry
C)Broadcasting industry
D)All of these

Question 7

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?

A)Reliability
B)Consistency
C)Understandability
D)Easy manipulation

Question 8

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?

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

Question 9

Which type of BI achieves long-term organizational goals?

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 10

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

Question 11

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

A)Reliability
B)Understandability
C)Easy manipulation
D)All of these

Question 12

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

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

Question 13

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

Question 14

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 15

The three forms of BI include operational, tactical, and value added.

Question 16

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 17

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?

A)Reliability
B)Consistency
C)Understandability
D)Easy manipulation

Question 18

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

Question 19

Which of the following is the result of BI that it is no longer required to have a PhD in statistics to get sophisticated analytics delivered to users' fingertips?

A)Reliability
B)Consistency
C)Understandability
D)Easy manipulation

Question 20

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 21

What is data latency?

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.

Question 22

Which type of BI benefits are the results of discoveries made by creative users?

A)Quantifiable benefits
B)Indirectly quantifiable benefits
C)Unpredictable benefits
D)Intangible benefits

Question 23

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 24

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

A)Quantifiable benefits
B)Indirectly quantifiable benefits
C)Unpredictable benefits
D)Intangible benefits

Question 25

Which of the following is a business benefit of BI?

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.

Question 26

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

A)Quantifiable benefits
B)Predictable benefits
C)Tangible benefits
D)All of these

Question 27

What is analysis latency?

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.

Question 28

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

A)Quantifiable benefits
B)Indirectly quantifiable benefits
C)Unpredictable benefits
D)Intangible benefits

Question 29

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these

Question 30

Describe the four categories of BI business benefits.

Question 31

What is decision latency?

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.

Question 32

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

A)Operational BI
B)Tactical BI
C)Strategic BI
D)All of these