Question 1

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Business Analytics is?
Select one:
a. process of analyzing the business requirements
b. scientific process to update and retrieve data
c. process of creating reports for the organization
d. scientific process to transform data into insight
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The correct answer is: scientific process to transform data into insight

Question 2
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_______ is “The sexiest job of 21st century”
Select one:
a. Business Analyst
b. Data Visualizer
c. Statistician
d. Data Scientist
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The correct answer is: Data Scientist

Question 3
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Vehicle Routing in supply chain management is an example of Descriptive Analytics?
Select one:
a. True
b. False
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The correct answer is: False

Question 4
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Decision Analysis is an example of ______ analytics?
Select one or more:
a. Descriptive
b. Prescriptive
c. Predictive
d. Exploratory

Question 5
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Promoting or selling products online can be termed as web analytics?
Select one:
a. False
b. True
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The correct answer is: False

Question 6
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Forecasting is an example of ______ analytics?
Select one:
a. Descriptive
b. Prescriptive
c. Predictive
d. Exploratory
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The correct answer is: Predictive

Question 7
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Reduced inventory cost through demand sensing is an example of?
Select one:
a. Predictive
b. Descriptive and Predictive
c. Predictive and Prescriptive
d. Descriptive
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The correct answer is: Predictive and Prescriptive

Question 8
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The goal of business analytics is to study the past and future of an organization.
Select one:
a. True
b. False
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The correct answer is: False

Question 9
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What dimensions should be viewed by an executive viewing monthly sale by region, to
understand which stores have increased total sales over last month.
Select one:
a. Region & Sales
b. Stores,Sales and Region
c. Stores & Time
d. Stores & Region
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The correct answer is: Stores,Sales and Region

Question 10
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Which of the following type of analysis were not used for Walmart case study?
Select one:
a. Descriptive
b. Predictive
c. Prescriptive
d. None of the Above
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The correct answer is: None of the Above

Question 11
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Which of the following is an example of Prescriptive Analytics?
Select one:
a. Uses supply network design models that provide the cost-minimizing plant and distribution center
locations
b. Uses price markdown models that provide the timing of discount offers and revenue-maximizing
discount levels
c. Uses revenue management models and past purchasing data as inputs to get the best pricing
strategy across all flights
d. All of the above
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The correct answer is: All of the above

Question 12
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Data Visualization is an example of ______ analytics?
Select one:
a. Prescriptive
b. Predictive
c. Exploratory
d. Descriptive
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The correct answer is: Descriptive

Question 13
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Descriptive Analytics includes techniques that use models created from past data to predict
the future or determine the impact of one variable on another
Select one:
a. True
b. False
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The correct answer is: False

Question 14
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Web analytics is the analysis of online activities such as browsing on social networks or any
other site?
Select one:
a. True
b. False
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The correct answer is: True

Question 15
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Why is decision making in any business very important?
Select one or more:
a. Achieve high revenue
b. Lower costs
c. Reduce expenses
d. All of the above
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The correct answer is: All of the above

Question 16
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Which of the following best describes the predictive modelling?
Select one:
a. A process that creates a statistical model of future behavior.
b. A product marketers use to evaluate how factors influence future behavior
c. A process of building models that predict future business
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The correct answer is: A process that creates a statistical model of future behavior.

Question 17
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Organization in almost any industry focus on exploiting ________ for competitive
advantage?
Select one:
a. Data
b. Resources
c. Analyst
d. Analytics
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The correct answer is: Data

Question 18
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Predictive Analytics specifies the best course of action for a business activity in the form of
the output of a model
Select one:
a. False
b. True
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The correct answer is: False

Question 19
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Online experimentation includes exposing different subgroups to various website versions
and then tracking the results
Select one:
a. False
b. True
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The correct answer is: True

Question 20
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Data Analytics is a subset of Business analytics.
Select one:
a. True
b. False
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The correct answer is: False

Question 21
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What statement below best describes why we do data analytics in business?
Select one:
a. We must show a return on the investment we make in data & analytical resources
b. We have to calculate & report financial results to owners / shareholders
c. We need specific insights to make business decisions
d. Analytics improve our understanding of how the business works
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The correct answers are: We need specific insights to make business decisions, We have to calculate
& report financial results to owners / shareholders

Question 22
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Creating predictive models is an iterative process that requires ongoing development and
refinement
Select one:
a. False
b. True
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The correct answer is: True

Question 23
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Supply Chain domains does not involve-
Select one:
a. inventory Management
b. vendor management
c. Delivery Management
d. Better product line management
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The correct answer is: Better product line management

Question 24
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Business analytics results in which of these?
Select one:
a. Data driven decision
b. evidence based decision
c. Better decision
d. all of the above
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The correct answer is: Data driven decision

Question 25
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Financial Frauds and money laundering detections is an example of which application
domain of business analytics:
Select one:
a. Supply Chain Management
b. Customer profitability
c. Marketing management
d. Financial Analytics
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The correct answer is: Financial Analytics

Question 26
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Business intelligence (BI) is a broad category of application programs which includes?
Select one:
a. Decision support
b. OLAP
c. Artificial Intelligence
d. all of the above
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The correct answer is: all of the above

Question 27
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Standard reporting is an example of ______ analytics?
Select one:
a. Descriptive
b. Predictive
c. Prescriptive
d. Exploratory
Feedback
The correct answer is: Descriptive

Question 28
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Which of the following is an example of Descriptive Analytics?
Select one:
a. Reports
b. Data Dashboard
c. Descriptive stats
d. All of the above
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The correct answer is: All of the above

Question 29
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Business analytics can be used for which of these?
Select one:
a. Finding patterns
b. Predict results
c. verify previous decision
d. all of the above
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The correct answer is: all of the above

Question 30
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Increased customer satisfaction and loyalty is an example of?
Select one:
a. Prescriptive
b. Descriptive
c. Predictive
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The correct answer is: Descriptive