Question 1

Explain why even well-designed information systems do not always help improve a firm's decision making.

Accepted Answer

The answer of Explain why even well-designed information systems do...

Question 2

Which of the following is not an example of a BI predefined production report?
A)Workforce demographics
B)Order cycle time
C)Revenue forecasts
D)Supplier performance
E)Direct and indirect spending

Accepted Answer

Revenue forecasts are not considered a predefined production report in Business Intelligence (BI) systems because they involve predictive analytics and projections about future earnings, rather than reporting on historical or current data. Predefined production reports typically focus on presenting factual, historical data in a structured format.

Question 3

Predictive analytics is used for all of the following except:
A)anticipating customer response to price changes.
B)identifying the most profitable customers.
C)determining the best routes for product delivery.
D)establishing consumer credit scores.
E)forecasting driver safety.

Accepted Answer

Predictive analytics is commonly used for anticipating customer response to price changes, identifying the most profitable customers, establishing consumer credit scores, and forecasting driver safety. However, determining the best routes for product delivery is typically done through logistics and transportation management systems rather than predictive analytics.

Question 4

A key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials.How can you determine if a manager in charge of selecting suppliers is making the best choice?

Accepted Answer

The answer of A key business decision in your sporting...

Question 5

Which of the following is not one of the six main analytic functionalities of BI systems for helping decision makers understand information and take action?
A)Production reports
B)Parameterized reports
C)Business case archives
D)Forecasts,scenarios,and models
E)Drill down

Accepted Answer

The six main analytic functionalities of BI systems are production reports, parameterized reports, forecasts, scenarios, and models, drill down, and dashboards/scorecards. Business case archives are not typically considered a main analytic functionality of BI systems.

Question 6

Describe high-velocity automated decision making and its dangers.

Accepted Answer

The answer of Describe high-velocity automated decision making and its...

Question 7

Which of the following companies is not identified in the text as one of the leading producers of business intelligence and analytics products?
A)Google
B)Microsoft
C)SAP
D)IBM
E)SAS

Accepted Answer

While Google is a major technology company, it is not specifically mentioned in the text as a leading producer of business intelligence and analytics products. The other choices (B, C, D, E) are all specifically mentioned as such in the text.

Question 8

A(n)________ is a BI feature that presents performance data defined by users.
A)ad hoc query
B)parameterized report
C)interface
D)portal
E)dashboard

Accepted Answer

A dashboard is a BI feature that presents performance data defined by users. It provides a visual representation of key performance indicators and allows users to quickly and easily monitor and analyze data. Ad hoc queries, parameterized reports, interfaces, and portals are other BI features, but they do not specifically present performance data defined by users in the same way that a dashboard does.

Question 9

Experts from a variety of fields have found that managers are poor at assessing risk.

Accepted Answer

Studies have shown that managers tend to be overly optimistic and underestimate potential risks. This can lead to costly mistakes and failures in decision-making.

Question 10

Which type of information system uses data visualization technology to analyze and display data for planning and decision making in the form of digitized maps?
A)GIS
B)DSS
C)Location analytics
D)Executive support systems
E)GDSS

Accepted Answer

GIS (Geographic Information System) uses data visualization technology to analyze and display data for planning and decision making in the form of digitized maps.

Question 11

Decisions regarding managing and monitoring day-to-day business activities are referred to as ________ intelligence.
A)business
B)analytical
C)operational
D)transactional
E)production

Accepted Answer

Operational intelligence refers to the collection, analysis, and use of data from day-to-day operations to improve business processes and decision-making. This includes monitoring key performance indicators, tracking inventory levels, managing workflows, and optimizing production schedules. Business intelligence (A) involves more strategic decision-making based on analysis of past, present, and future data, while analytical intelligence (B) refers to more sophisticated data analysis techniques used to uncover insights and patterns. Transactional (D) and production (E) are specific types of operational intelligence that focus on financial transactions and manufacturing processes, respectively.

Question 12

________ are visual tools for presenting performance data in a BI system.
A)Dashboards and scorecards
B)Parameterized reports
C)Reports and the drill-down feature
D)Scenarios and models
E)Ad hoc report creation

Accepted Answer

Dashboards and scorecards are specifically designed to present performance data in a visual and easily digestible format in a BI system. Parameterized reports, report drill-down features, scenarios and models, and ad hoc report creation are all important features in a BI system, but they do not necessarily focus solely on presenting performance data in a visual format.

Question 13

BI that is designed to determine the most likely effects of changes in the business environment is called:
A)statistical modeling.
B)environmental analytics.
C)predictive analytics.
D)big data analytics.
E)parameterized reports.

Accepted Answer

Predictive analytics is the use of statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data. It can be used to determine the most likely effects of changes in the business environment. Statistical modeling, big data analytics, and parameterized reports are all important components of BI, but they are not specifically designed to determine the effects of changes in the business environment. Environmental analytics is not a common term in the BI field.

Question 14

Which of the following is not one of the six main elements in the business intelligence environment discussed in this chapter?
A)Managerial users and methods
B)Organizational culture
C)User interface
D)Data from the business environment
E)Delivery platform

Accepted Answer

The six main elements of the business intelligence environment discussed in this chapter are managerial users and methods, data from the business environment, delivery platform, user interface, system and data management, and technology infrastructure. Organizational culture is not explicitly mentioned as one of the main elements.

Question 15

What are managerial roles and what are the three main categories of managerial roles?

Accepted Answer

The answer of What are managerial roles and what are...

Question 16

Which of the following statements best describes the term business intelligence?
A)Software developed exclusively for business management
B)The tools and techniques used to analyze and understand business data
C)The infrastructure for collecting,integrating,and analyzing business data
D)Information systems involved in business decision making
E)Enterprise systems used to make business decisions

Accepted Answer

The answer of Which of the following statements best describes...

Question 17

Which of the following are most likely to rely primarily on the drill-down functionality of BI for their decision-making needs?
A)IT developers
B)Middle managers
C)Operational employees
D)Business analysts
E)Senior executives

Accepted Answer

Middle managers often use drill-down functionality to analyze data in detail, allowing them to make informed decisions based on specific insights.

Question 18

Which of the following are most likely to rely primarily on production reports for their decision-making needs?
A)Operational supervisors
B)Senior managers
C)Analytic modelers
D)Business analysts
E)Executives

Accepted Answer

Operational supervisors typically rely on production reports for their day-to-day decision-making needs as they are responsible for overseeing the production process and ensuring it runs smoothly. Senior managers, executives, business analysts, and analytic modelers are likely to rely on a range of data sources and analytical tools for their decision-making needs, depending on their role and responsibilities.

Question 19

A(n)________ report is produced when a user enters various values in a pivot table to filter data.
A)drill-down
B)SQL
C)ad hoc
D)production
E)parameterized

Accepted Answer

A parameterized report is generated when a user inputs different values to filter data, such as in a pivot table, allowing for dynamic data analysis.

Question 20

Which of the following BI tools or abilities has been driving the movement toward "smart cities"?
A)OLAP
B)Chi-square analysis
C)Predictive analytics
D)Data mining
E)Big data analytics

Accepted Answer

Big data analytics has been driving the movement toward "smart cities" by analyzing large amounts of data collected from various sources in real-time to improve city planning, resource management, and sustainability.

Quiz 12: Enhancing Decision Making

Explain why even well-designed information systems do not always help improve a firm's decision making.

Which of the following is not an example of a BI predefined production report?

Predictive analytics is used for all of the following except:

A key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials.How can you determine if a manager in charge of selecting suppliers is making the best choice?

Which of the following is not one of the six main analytic functionalities of BI systems for helping decision makers understand information and take action?

Describe high-velocity automated decision making and its dangers.

Which of the following companies is not identified in the text as one of the leading producers of business intelligence and analytics products?

A(n) ________ is a BI feature that presents performance data defined by users.

Experts from a variety of fields have found that managers are poor at assessing risk.

Which type of information system uses data visualization technology to analyze and display data for planning and decision making in the form of digitized maps?

Decisions regarding managing and monitoring day-to-day business activities are referred to as ________ intelligence.

________ are visual tools for presenting performance data in a BI system.

BI that is designed to determine the most likely effects of changes in the business environment is called:

Which of the following is not one of the six main elements in the business intelligence environment discussed in this chapter?

What are managerial roles and what are the three main categories of managerial roles?

Which of the following statements best describes the term business intelligence?

Which of the following are most likely to rely primarily on the drill-down functionality of BI for their decision-making needs?

Which of the following are most likely to rely primarily on production reports for their decision-making needs?

A(n) ________ report is produced when a user enters various values in a pivot table to filter data.

Which of the following BI tools or abilities has been driving the movement toward "smart cities"?