Question 1

For-profit and nonprofit enterprises are getting more value from BI and existing data by extending information to all managerial levels and to employees.

Accepted Answer

Both for-profit and nonprofit enterprises are recognizing the value of business intelligence (BI) and utilizing existing data to improve decision-making and operations. To maximize the benefits of BI, these organizations are extending access to information not just to upper management but to all managerial levels and even to employees. This helps create a data-driven culture and empowers individuals at all levels to make informed decisions.

Question 2

Data mining techniques are well-suited to analyze financial time series data to find patterns,detect anomalies and outliers,recognize situations of chance and risk,and predict future demand,prices,and rates.

Accepted Answer

Data mining techniques are often used in finance to identify patterns and predict future trends based on historical data. These techniques can be used to analyze financial time series data, including stock prices, interest rates, and economic indicators. By identifying patterns and trends, analysts can gain insights into market behavior and make more informed investment decisions. Additionally, data mining can be used to detect anomalies and outliers that may indicate unusual market activity, and to recognize situations of chance and risk that could impact investment performance.

Question 3

The __________ is the infrastructure for new generations of Web and mobile apps.

Accepted Answer

The cloud is the infrastructure for new generations of Web and mobile apps as it provides scalable computing resources and storage for applications to run and store data. Broadband networks and 3G/4G networks provide connectivity to the cloud, but they are not the infrastructure itself.

Question 4

Since the 1960s,there have been five major generations,or cycles,of computing.Which represents those generations in order?

Accepted Answer

This is the correct order of the major generations of computing, starting with mainframes in the 1960s, followed by miniframes, PCs, desktop Internet computing, and finally mobile computing. While the other answer choices include some correctly named technologies, they are not in the correct chronological order.

Question 5

Twitter,Foursquare,and other real-time media add to or leverage capabilities of smartphones--improving your ability to be well-informed in real-time.

Accepted Answer

Twitter, Foursquare, and other real-time media are designed to be accessed through smartphones, which allow users to access and share information in real-time, thereby improving their ability to stay well-informed.

Question 6

It's tough for managers to fully understand BI because BI apps are not stand-alone systems nor do they support a specific objective,as do SCM systems.

Accepted Answer

BI apps are designed to provide insights and analysis that can support various objectives and decision-making processes, rather than being tied to a specific goal or task like SCM systems. This can make it more challenging for managers to fully grasp the possibilities and limitations of BI tools.

Question 7

Powerful devices using 3G IP-based networks combined with easy-to-use software are unifying communications.

Accepted Answer

The answer of Powerful devices using 3G IP-based networks combined...

Question 8

Managers can better meet demands from customers,shareholders,and policymakers for environmentally-friendly business practices by using BI dashboards.

Accepted Answer

BI dashboards can provide real-time data and insights on environmental performance, allowing managers to make informed decisions on sustainable practices that can satisfy the demands of stakeholders.

Question 9

The BI capabilities of TRAC2ES include integrating data to give military decision makers a clear view of all the paths leading toward resolving resource allocation problems in order to save lives.

Accepted Answer

TRAC2ES is designed to integrate data in order to provide military decision makers with a comprehensive view of resource allocation, ultimately to save lives.

Question 10

When you search for a certain book on Amazon.com,the site uses predictive and visualization tools to cross-sell by presenting to you a list of books purchased by customers who had bought that book.

Accepted Answer

The answer of When you search for a certain book...

Question 11

Given that approximately 20 percent of all collected/stored information is in text or nonnumeric format,text mining and Web mining are major growth areas.

Accepted Answer

The answer of Given that approximately 20 percent of all...

Question 12

Knowing how to interpret and act on the results from queries,reports,or analytics depends on BI capabilities.

Accepted Answer

The answer of Knowing how to interpret and act on...

Question 13

The speed with which Apple's iPhone and iTouch have sold is an indicator that MI (mobile intelligence)apps will be in high demand.

Accepted Answer

The statement suggests that the success of the iPhone and iTouch in terms of sales indicates a high demand for MI apps, implying that the answer is true.

Question 14

Sensitivity analysis is extremely valuable in DSSs because it makes the system flexible and adaptable to changing conditions and to the varying requirements of different decision-making situations.

Accepted Answer

Sensitivity analysis helps decision-makers understand the impact of changing variables or inputs on the output or outcome of a DSS. This understanding enables decision-makers to make more informed and relevant decisions based on the specific situation they face. Hence, sensitivity analysis makes DSSs flexible and adaptable to changing conditions and requirements.

Question 15

Integrating data for BI apps is complex because when data is extracted from multiple sources,the data are not in usable format.

Accepted Answer

When data is extracted from multiple sources, it is common for the data to be in different formats, have inconsistent naming conventions, and contain missing or incorrect values. This makes integrating the data for use in BI applications a complex process that requires cleaning, transforming, and standardizing the data to be usable.

Question 16

According to Morgan Stanley's Global Mobile Internet Report (2009),__________ may be the fastest growing and most disruptive technology we have ever seen.

Accepted Answer

The report states that mobile computing may be the fastest growing and most disruptive technology we have ever seen.

Question 17

Regarding mobile intelligence,__________ are locations such as the commuter train,aisle in a store,line in a factory,or retail floor where business people can make decisions without delay.

Accepted Answer

The term "decision sweet spots" refers to locations where business people can make quick decisions, which is relevant to mobile intelligence. Data centers, RFID, and Wi-Fi are not relevant to this concept.

Question 18

BI systems have eliminated a common organizational problem,which is simultaneously having too much data but somehow not enough.

Accepted Answer

BI systems help manage and analyze data, but they do not completely eliminate the issue of having too much data while lacking actionable insights. Organizations still face challenges in data integration, quality, and interpretation.

Question 19

Basic components of a DSS include each of the following except:

Accepted Answer

The basic components of a DSS include a database, model base, and user interface and users. A network is not a basic component of a DSS, although it may be necessary for accessing and sharing data and models within the system.

Question 20

Customer satisfaction,profitability,and sales per employee are examples of CSFs.

Accepted Answer

The answer of Customer satisfaction,profitability,and sales per employee are examples...

Quiz 11: Business Intelligence and Decision Support