Deck 30: Business Intelligence

Question 1

Which type of BI achieves long-term organizational goals?

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

Answer 1

C
Explanation: This is strategic BI.

Question 2

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

Answer 2

B
Explanation: Tactical BI has the time frame of days to weeks to months.

Question 3

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

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

Answer 3

A
Explanation: Operational BI uses real-time metrics for its data.

Question 4

Which company uses statistical analysis to automatically detect potential issues,provide quick and easy access to reports,and perform multidimensional analysis on all warranty information?

A) Burlington Northern and Santa Fe Railroad
B) BostonCoach
C) Verizon Communications
D) Whirlpool

Question 5

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 6

Which of the following is a form of statistical analysis?

A) Forecasting
B) Market basket analysis
C) Cluster analysis
D) All of these

Question 7

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 8

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 9

Which of the following represents market basket analysis?

A) Analyzes website information
B) Analyzes checkout scanner information
C) Detects customers' buying behavior
D) All of these

Question 10

What reveals the degree to which variables are related and the nature and frequency of these relationships in the information?

A) Association detection
B) Market basket analysis
C) Cluster analysis
D) Intelligent agent

Question 11

What is time-series information?

A) Analyzes checkout scanner information
B) Time-stamped information collected at a particular frequency
C) Reveals the degree to which variables are related
D) All of these

Question 12

What is decision latency?

A) The time duration to make data ready for analysis and loading 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 result and determine an appropriate action
D) None of these

Question 13

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 14

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 15

What are forecasts?

A) Predictions made on the basis of time-series information
B) Time-stamped information collected at a particular frequency
C) Reveals the degree to which variables are related
D) All of these

Question 16

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 17

What is analysis latency?

A) The time duration to make data ready for analysis and loading 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 result and determine an appropriate action
D) None of these

Question 18

What is a technique used to divide an information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?

A) Association detection
B) Market basket analysis
C) Cluster analysis
D) Intelligent agent

Question 19

What is data latency?

A) The time duration to make data ready for analysis and loading 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 result and determine an appropriate action
D) None of these

Question 20

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 21

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

Question 22

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

Question 23

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

Question 24

Describe the three common forms of data-mining analysis?

Question 25

Describe three types of data-mining analysis capabilities.

Question 26

_______ are predictions made on the basis of time-series information.

Question 27

Market __________ analysis analyzes such items as websites and checkout scanner information to detect customers' buying behavior and predicts future behavior by identifying affinities among customers' choices of products and services.

Question 28

Describe the four categories of BI business benefits.

Question 29

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 30

__________ analysis performs such functions as information correlations,distributions,calculations,and variance analysis.

Question 31

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 32

Explain the organization-wide benefits of BI.