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

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Question 21

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The use of statistics in baseball by the Oakland Athletics, as described in the Moneyball case study, is an example of the effectiveness of prescriptive analytics.

A) True
B) False

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Question 22

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The use of dashboards and data visualizations is seldom effective in finding efficiencies in organizations, as demonstrated by the Seattle Children's Hospital Case Study.

A) True
B) False

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Question 23

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Volume, velocity, and variety of data characterize the Big Data paradigm.

How are descriptive analytics methods different from the other two types?

Organizations using BI systems are typically seeking to ________ the gap between the organization's current and desired performance.

One of the four components of BI systems, business performance management, is a collection of source data in the data warehouse.

A(n) ________ is a major component of a Business Intelligence (BI) system that is usually browser based and often presents a portal or dashboard.

The fraud ________ analytic application helps determine fraudulent events and take action.

Which of the following activities permeates nearly all managerial activity?

Sabre used executive ________ to present performance metrics in a concise way to its executives.

The desire by a customer to customize a product falls under the ________ category of business environment factors.

Which of the following statements about Big Data is true?

Organizations counter the pressures they experience in their business environments in multiple ways. Which of the following is NOT an effective way to counter these pressures?

Why are analytical decision making skills now viewed as more important than interpersonal skills for an organization's managers?

A(n) ________ problem such as setting budgets for products is one that has some structured elements and some unstructured elements also.

Describe and define Big Data. Why is a search engine a Big Data application?

Mintzberg defines the ________ as a managerial role that involves searching the environment for new opportunities.

Which of the following is NOT an example that falls within the four major categories of business environment factors for today's organizations?

List four of Mintzberg's Decisional roles of managers.

The access to data and ability to manipulate data (frequently including real-time data) are key elements of business intelligence (BI) systems.