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Quiz - 07 Business Acumen Competency exam with complete verified solutions
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Quiz - 07 Business Acumen Competency exam with complete verified solutions
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Quiz - 07Business
Acumen
Competency
exam with
complete
verified
solutions
Which approach to offsetting a downturn is often
used by companies in the decline phase of their life
cycle?
Reducing costs
,Decline occurs when an industry, organization, or
product begins to experience a sustained drop in
demand. When the decline is apparent, leadership
often may introduce cost reduction measures.
When conducting a PESTLE analysis prior to
forecasting human capital requirements, what
should the "social" part of the analysis examine?
Population demographics
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What is the best description of an information
system portal?
User's point of access to system data and
applications
, An information system portal is the point of entry
for a user into an information system. The system
does not need to be web-hosted. It may provide
access to the system's search engine, but it is not
a search engine. It may be customized to users.
What are the key components of a business
intelligence system?
Data gathering, data warehousing, query and
reporting
A business intelligence system has three
components: a means to gather information from
various data collection points, a secure means of
storing or warehousing data so that it is available
to users, and the means to analyze the data via
queries and reports.
An HR specialist prepares a business case to
support an initiative. The case includes
descriptions of the project's goals, benefits,
method, budget, and time line. Which information
is required to complete the business case?
Analysis of the initiative's possible risks
The business case should include some discussion
of possible risks and approaches to managing
them. Detailed descriptions and plans are not
appropriate for this audience. Endorsements are
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