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Questions in this quiz (30)
1Data differs from information because
- Adata are raw figures and facts whereas information is the knowledge we gain from the data.
- Bdata are larger than information.
- Cinformation is larger than data.
- Dinformation is raw figures and facts whereas data are the knowledge we gain from the information.
2Self-service business intelligence software
- Ais software that makes it easy to write computer code for data analysis.
- Bis used to write data analysis programming code.
- Chas limited but easy-to-use data processing capabilities to analyze data.
- Dprovides easy-to-use extended data processing capabilities for preparing data, analyzing data, and reporting data analysis results.
3Which activities are performed during the reporting stage of data analysis?
- AData preparation and communication
- BData cleaning and analysis
- CData interpretation and communication
- DData analysis and interpretation
4The analyze stage of the data analytics process includes which of the following tasks?
- ACleaning the data set to remove errors and omissions.
- BPlanning the data analysis strategy.
- CInterpreting the analysis findings.
- DCommunicating the analysis results.
5Understanding what is currently happening and what has happened in the past
- ADescriptive
- BDiagnostic
- CPredictive
- DPrescriptive
6Understanding what should happen to meet our goals and objective
- ADescriptive
- BDiagnostic
- CPrescriptive
- DPredictive
7Understanding what might happen in the future
- ADescriptive
- BDiagnostic
- CPrescriptive
- DPredictive
8Understanding why something happened
- ADescriptive
- BDiagnostic
- CPrescriptive
- DPredictive
9Develop a model to calculate contribution margin
- AAnalyze
- BPlan
- CReport
10Get data from database
- AAnalyze
- BPlan
- CReport
11Upload data into analysis software
- AAnalyze
- BReport
- CPlan
12Determine the objective of the analysis
- AAnalyze
- BReport
- CPlan
13Create a forecast of net income
- AAnalyze
- BReport
- CPlan
14Identify the data needed for analysis
- AAnalyze
- BReport
- CPlan
15Identify relationships within the data
- AAnalyze
- BReport
- CPlan
16Create visualization to show the results of the analysis
- AAnalyze
- BReport
- CPlan
17Identify sales patterns
- AAnalyze
- BReport
- CPlan
18Disciplined reasoning used to investigate, understand, and evaluate an event, opportunity, or an issue is considered
- Aprocess thinking
- Bcritical thinking
- Cdata analysis
- Ddata literacy
19The ability to prepare effective data visualizations for the results of an analysis is part of which skill set?
- Astatistical ability
- Banalytical thinking
- Ccommunication
- Dlogical thinking
20Willingness to try new technology
- ATechnological Agility
- BData Literacy
- CCommunication
- DCritical Thinking
21The ability to write, read and communicate data in context
- ATechnological Agility
- BData Literacy
- CCommunication
- DCritical Thinking
22Ability to create effective data visualizations
- ATechnological agility
- BData Literacy
- CCommunication
- DCritical Thinking
23Disciplined reasoning used to investigate, understand, and evaluate an event, opportunity, or an issue
- ATechnological Agility
- BData Literacy
- CCommunication
- DCritical Thinking
24Professional critical thinking elements in data analysis include:
- Aunderstanding stakeholders, identifying the purpose, considering alternatives, assessing risks, identifying knowledge needed, and self-reflecting.
- Bunderstanding stakeholders, identifying the purpose, and following data analysis best practices to achieve the desired result.
- Cunderstanding stakeholders, considering alternatives, and understanding the desired results of analysis and actively pursuing that outcome.
- Dunderstanding stakeholders, assessing risks, identifying knowledge needed, and following instructions without questioning them.
25Who is an internal stakeholder for a manufacturing company?
- AThe company's CFO
- BThe SEC
- CThe company's customers
- DThe company's bank
26Which of these is a risk in data analysis?
- AYou have used the analysis software before
- BYou have performed this analysis before
- CA client that wants a particular outcome
- DData that is current and relevant
27Which element of critical thinking helps avoid wasting time on irrelevant analyses or findings?
- AIdentifying the knowledge necessary for the analysis
- BIdentifying the purpose
- CConsidering alternatives
- DUnderstanding the stakeholders
28You are a data analyst, and the CFO has asked you to analyze the payroll data so that variances can be shown between actual and budgeted values. You follow the Plan stage of the data analysis process. Your activities include
- Aidentifying if the project goal is to determine if actuals were higher than budgeted values; determining what data sources need to be used in the analysis; and extracting the payroll data from the ERP system.
- Bdetermining the purpose of performing a variance analysis; identifying the project goals; and determining what data sources need to be used in the analysis.
- Cdetermining the motivation and objective of the analysis; creating a strategy to analyze the data; and preparing the data for upload into the analysis tools.
- Ddetermining the motivation and objective of the analysis; extracting the payroll data from the ERP system; and preparing the data for upload into the analysis tools.
29Smart Hawk develops video conferencing equipment. Demand for their products has been increasing due to COVID-19 pandemic work environments. A descriptive analysis would answer which question?
- AWhat is the count of products that were sold in the last quarter compared to the same quarter last year?
- BTo increase profitability by 15%, what price should be charged for each unit?
- CAre there any spikes in sales during the fiscal year?
- DIs there a correlation between products sold and variances in pricing?
30Vermont Mountain Creamery produces three types of organic ice cream: maple walnut, bourbon cherry, and hazelnut chocolate. A prescriptive analysis would answer which question?
- AIf the company created a new product, dark chocolate espresso, what would be the projected profitability of this new product line?
- BWhat is causing the profitability to decline within the bourbon cherry line?
- CWhat are the historic sales trends for each type of ice cream?
- DWhat is the optimal mix of production output to maximize profits?
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- University acc Quiz on Untitled, created by Jake Jakes on 15/12/2024.
- Author
- Jake Jakes
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- English
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