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BSIS 308 Exam 1 | Questions with 100% Correct Answers

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BSIS 308

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BSIS 308

BSIS 308 Exam 1 | Questions with 100% Correct Answers In some instances, advanced analytics refers to: a) descriptive and prescriptive analytics b) simulation c) predictive and prescriptive analytics d) decision analysis A company's human resources department is responsible for ensuring all of th...

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in some instances advanced analytics refers to

Institution BSIS 308
Course BSIS 308

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BSIS 308 Exam 1

In some instances, advanced analytics refers to:

a) descriptive and prescriptive analytics
b) simulation
c) predictive and prescriptive analytics
d) decision analysis

A company's human resources department is responsible for ensuring all of the
following except that the:

a) organization has the mix of skill sets necessary to meet its needs
b) highest-quality talent is hired
c) employees are having the proper amount of taxes removed from their gross pay
d) organization is meeting its diversity goals

Firms guided by data-driven decision making tend to have:

a) a higher market value
b) lower productivity
c) higher risk
d) lower profit

______ assigns values to outcomes based on the decision maker's attitude toward risk,
loss, and other factors.

a) Simulation optimization
b) Utility theory
c) Optimization model
d) Data dashboard

IBM describes Big Data through the phenomenon of the 4 Vs, shown below. Identify the
"V" illustrated by data in doubt.
Veracity

IBM describes Big Data through the phenomenon of the 4 Vs, shown below. Identify the
"V" illustrated by data at rest.
Volume

IBM describes Big Data through the phenomenon of the 4 Vs, shown below. Identify the
"V" illustrated by data in motion.
velocity

,IBM describes Big Data through the phenomenon of the 4 Vs, shown below. Identify the
"V" illustrated by data in many forms.
Variety

Picks and Axes Inc. is an Internet-based retail seller of hiking boots and mountaineering
gear. The company decides to open retail stores across the major areas of the city to
help complement its Internet-based sales. This activity would be categorized as a(n):

a) tactical decision
b) operational decision
c) strategic decision
d) financial decision

A type of modeling that combines the use of probability and statistics to model
uncertainty with optimization techniques to find good decisions in highly complex and
highly uncertain settings is called:

a) data dashboard modeling
b) chart analysis
c) spreadsheet modeling
d) simulation optimization

The decisions concerning an organization's goals and future plans are called:

a) financial decisions
b) tactical decisions
c) strategic decisions
d) operational decisions

Which of the following analytical techniques is designed to output the best decision?

a) predictive analytics
b) data mining
c) prescriptive analytics
d) descriptive analytics

The U.S. Internal Revenue Service uses ______ to identify patterns that distinguish
questionable annual personal income tax filings:

a) utility theory
b) prescriptive analytics
c) data mining
d) decision analysis

Tactical decisions are concerned with:

, a) the day-to-day activities of the organization
b) the goals and plans of the organization
c) the domain of operations managers who are close to the customer
d) how the organization should achieve the goals and objectives set by its strategy

Corporate-level managers use ______ to summarize sales by region, current inventory
levels, and other company-wide metrics all in a single screen.

a) simulation
b) crosstabulation
c) data dashboards
d) tables

The use of analytics in health care is becoming exceedingly important in order to control
costs as well as:

a) expand their services into foreign markets
b) provide a multitude of online health care services
c) acquire additional properties
d) provide more effective treatments

Supply network design models provide data about plant and distribution center locations
that will minimize cost while still meeting the customer service requirements. These
models are referred to as

a) optimization models
b) forecasting models
c) data mining models
d) network models

Professional sports teams use analytics to:

a) determine the rules that will determine how the game is played
b) ensure that they are able to keep their players healthy
c) predict which days games should be scheduled to increase the likelihood of good
weather
d) decide how much to offer players in contract negotiations

Simulation optimization helps:

a) in identifying the constraints of the situation
b) to find good decisions in highly complex and highly uncertain settings
c) in assigning values to outcomes
d) to estimate outcomes of historical unknowns

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Exam (elaborations)

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