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Business analytics is the scientific process of transforming data into insight for making better decisions.

A) True
B) False

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Which of the following is considered data?


A) Quantity ordered
B) Best customer by month
C) Best-selling item by month
D) Worst-selling item by month

E) A) and C)
F) B) and C)

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Assume you are in the business of producing and selling hats. If you could produce more hats with the same input, what would happen to your productivity and profits assuming the price of your hats remains the same?


A) Increase in productivity, decrease in profits.
B) Increase in productivity, increase in profits.
C) Decrease in productivity, decrease in profits.
D) Decrease in productivity, increase in profits.

E) A) and D)
F) None of the above

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What type of report can include a sales report from last year or salary report from five years ago?


A) Static report
B) Dynamic report
C) Variable report
D) Structured report

E) A) and B)
F) B) and C)

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The business decisions made by the human resources department include potential customer data, sales report data, commission data, and customer support data.

A) True
B) False

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The lettuce, tomatoes, patty, bun, and ketchup are included in which category of making a hamburger?


A) Input
B) Process
C) Output
D) All of these

E) A) and C)
F) A) and B)

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The business decisions made by the sales department include potential customer data, sales report data, commission data, and customer support data.

A) True
B) False

Correct Answer

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What is information?


A) Raw facts that describe the characteristics of an event or object.
B) Data converted into a meaningful and useful context.
C) Data 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.

E) B) and D)
F) A) and D)

Correct Answer

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What type of structured data includes sensor data, point-of-sale data, and web log data?


A) Human-generated
B) Machine-generated
C) Machine-to-machine (M2M)
D) Systems thinking

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

Correct Answer

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