Business Intelligence

Description

Quiz on Business Intelligence, created by Natalie Balzert on 05/02/2017.
Natalie Balzert
Quiz by Natalie Balzert, updated more than 1 year ago
Natalie Balzert
Created by Natalie Balzert about 7 years ago
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Resource summary

Question 1

Question
According to the Five Forces Model developed by Harvard University Business professor Micheal Porter, all of the following are major factors that determine a company's standing in an industry, except:
Answer
  • Competitive rivalry among firms in the industry
  • Bargaining power of suppliers
  • Bargaining power of customers or buyers
  • Technological (IT) superiority

Question 2

Question
Forrester research repeatedly confirms there is a strong relationship between the quality of a firm's _____, which in turn increases revenue.
Answer
  • Mobile apps and business transactions
  • Customer experience and loyalty
  • IoT capabilities and KPIs
  • Business model and marketing efforts

Question 3

Question
Using a combination of mobile and database technology, Pizza House keeps records of the pizza preferences of all its customers. When Sam orders from Pizza House, he only says "send me the usual" when he calls in his order; and hangs up. Accessing the database, the Pizza House worker knows his address, his usual order, and what credit card to bill. The streamlined ordering and fulfillment efficiency give the Pizza House _____.
Answer
  • A strategic plan
  • A competitive advantage
  • A strategic model
  • A sustainably business edge

Question 4

Question
Enterprises can acquire the latest business apps and digital services as they are needed and without large upfront investments by switching from owning IT resources to _____.
Answer
  • cloud computing
  • private data centers
  • data synchronization
  • machine-to-machine technology

Question 5

Question
To maintain competitiveness, companies need IT [blank_start]agility[blank_end] in order to able to respond quickly.
Answer
  • agility

Question 6

Question
The field of _____ involves managing and analyzing massive sets of data for purposes such as target marketing, trend analysis, and the creation of individually tailored products and services.
Answer
  • Cloud Computing
  • Machine-to-Machine technology
  • Business models
  • Data Science

Question 7

Question
Matt is using his own tablet for work purposes, which is an example of a trend called _____.
Answer
  • Mixed use IT
  • Employer IT cost shifting
  • IT consumerization
  • BYOM

Question 8

Question
IT agility, flexibility, and mobility are tightly interrelated and primarily dependent on:
Answer
  • The IT division's strategic hiring and training practices
  • An organization's IT infrastructure and architecture
  • IT's integration with production and accounting units
  • Strategic alignment between IT budget and company mission statement

Question 9

Question
Examples of _____ that can be facilitated by digital technologies are credit approval, opening a new account, order fulfillment, and shipping a product.
Answer
  • Strategic activities.
  • Planning activities.
  • Business processes.
  • Competitive advantages.

Question 10

Question
What are the basic components of business processes?
Answer
  • Inputs and outputs
  • Inputs, activities, and deliverables
  • Data, knowledge, and outputs
  • People, technology, and outputs

Question 11

Question
IT [blank_start]consumerization[blank_end] is the migration of consumer technology into enterprise computing environments because personally-owned IT is as capable and cost-effective as its enterprise equivalents.
Answer
  • consumerization

Question 12

Question
Machine-to-machine (M2M) technology enables sensor-embedded products to share reliable real-time data _____.
Answer
  • via radio signals
  • over short distances
  • using cloud services
  • via databases

Question 13

Question
The goal of [blank_start]business process reengineering[blank_end] is to eliminate the unnecessary non-value-added processes, then to simplify and automate the remaining processes to significantly reduce cycle time, labor, and costs.
Answer
  • business process reengineering

Question 14

Question
Dropbox, Gmail, and Google Drive are services accessible via the Internet and examples of [blank_start]Cloud Computing[blank_end].
Answer
  • Cloud Computing

Question 15

Question
_____ evaluate the newest and most innovative technologies and determine how they can be applied for competitive advantage. They develop technical standards, deploy technology, and supervise workers who deal with the daily IT issues of the firm.
Answer
  • Project Managers
  • CEOs
  • CFOs
  • Chief Technology Officers

Question 16

Question
Data management methodologies cannot solve _____ problems: they can only provide a framework in which those problems can be solved.
Answer
  • Political
  • Strategic
  • Tactical
  • Operational

Question 17

Question
The overall goal of information management is _____.
Answer
  • To insure compliance with government regulations regarding privacy, security, and confidentiality.
  • To reduce costs and maintain high standards of information security by setting strict guidelines for access.
  • To design and implement a well-planned out IT architecture, policies, and procedures needed to support the information and decision needs of an organization.
  • Reduce the size of an organization's workforce and reliance on skilled employees.

Question 18

Question
_____ is the use of IT tools and methods to collect, process, consolidate, store, and secure data from sources that are often fragmented and inconsistent.
Answer
  • Information management.
  • Data governance.
  • IT startegy
  • IT development

Question 19

Question
Max is V.P. of sales at Ski Warehouse, a chain of snow sports equipment outlets throughout the Rocky Mountain and northwest regions of the U.S. The company was built over time by purchasing successful independent sporting equipment retailers. Max now finds it difficult to evaluate some of his store locations because they report their sales figures on a quarterly basis rather than monthly as do the stores in the rest of the company. This difficulty is an example of which of the following information deficiencies?
Answer
  • Non-standardized data
  • Lost or bypassed data
  • User-fierce interfaces
  • Data silos

Question 20

Question
Which of the following is not one of the reasons for information deficiencies?
Answer
  • data silos
  • lost or bypassed data
  • non-standardized data formats
  • distributed systems

Question 21

Question
_____ is the control of enterprise data through formal policies and procedures to help ensure that data can be trusted and are accessible.
Answer
  • Data governance
  • Master data management
  • Business strategy
  • Data standardization

Question 22

Question
The greatest strategic advantage of cloud solutions is that they increase an organization’s [blank_start]agility[blank_end], or ability to quickly implement IT for competitive advantage.
Answer
  • agility

Question 23

Question
_____ business models strive to create the best solution or experience for the customer.
Answer
  • customer-centric
  • product-centric
  • profit-centric
  • revenue-centric

Question 24

Question
The terms “data”, “information” and “knowledge” have specific meanings. With regard to a customer satisfaction application used in the automobile industry, which of the following is an example of information?
Answer
  • The Web-based application that collects and stores records of customer satisfaction surveys and allows dealerships to view their data.
  • The ability to create a program that provides rewards for dealerships with high levels of customer satisfaction and corrective action plans for dealerships that have low levels of satisfaction.
  • Reports that summarize ratings for a specific dealership including a calculation of the average rating across all survey questions and a calculation of summary statistics for groups of questions that correspond to important dimensions such as dealership staff, satisfaction with product, quality of service and so on.
  • Records containing numerical ratings from customer surveys completed online after each visit to a dealership.

Question 25

Question
Which of the following is not one of the 4 components of the enterprise architecture?
Answer
  • Computing architecture
  • Application architecture
  • Business architecture
  • Data architecture

Question 26

Question
Which of the following is a potential disadvantage to using cloud services?
Answer
  • With cloud computing, it may be more difficult to get to the root of performance problems, like the unplanned outages that sometimes occur with Google’s Gmail or Workday’s human resources apps.
  • Requires greater numbers of IT professionals to support the strategy.
  • Requires greater reliance on outside consultants or contract employees.
  • Employees might over use applications, leading to higher costs.

Question 27

Question
The success of any data-driven initiative, such as marketing campaigns, depends on ________.
Answer
  • Project management
  • Enterprise data governance
  • Customer loyalty
  • Cost control

Question 28

Question
The term [blank_start]Information Management[blank_end] refers to how information is stored and organized; and the speed at which it is captured, analyzed, and reported.
Answer
  • Information Management

Question 29

Question
Many health care organizations are drowning in data. Yet health care workers cannot get reliable insights from this data. Information from physician notes, registration forms, discharge summaries, documents and so on often go unused or are difficult for administrators and mangers to access. One of the primary reasons for this problem is that _____________.
Answer
  • Data are stored in silos
  • Cutbacks in IT budgets have reduced their ability to operate effectively
  • Users lack training and experience with health care apps
  • Security policies that are too stringent

Question 30

Question
The terms “data”, “information”, and “knowledge” have specific meanings. With regard customer satisfaction application used in the automobile industry, which of the following is an example of knowledge?
Answer
  • Records containing numerical ratings from customer surveys completed online after each visit to a dealership.
  • Reports that summarize ratings for a specific dealership including a calculation of the average rating across all survey questions and a calculation of summary statistics for groups of questions that correspond to important dimensions such as dealership staff, satisfaction with product, quality of service and so on.
  • The Web-based application that collects and stores records of customer satisfaction surveys and allows dealerships to view their data.
  • The ability to create a program that provides rewards for dealerships with high levels of customer satisfaction and corrective action plans for dealerships that have low levels of satisfaction.
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