Download Business Intelligence and Analytics Final Exam. and more Exams Nursing in PDF only on Docsity!
Business Intelligence and Analytics
Final Exam
Which of the following statements is generally NOT ACCURATE about business intelligence, as discussed in class? - correct answer It is more useful in strategic than in tactical settings Which of the following is NOT a characteristic of System 1 thinking? - correct answer Explicit Ackoff (Management Misinformation Systems, 1967) describes information overload as.. - correct answer An overabundance of irrelevant information Knowledge which is codified, verbalized, accessible, and easily communicated is... - correct answer Explicit Dr. Mendoza obsessed over whether questions on this test were fair and clear (he was much less concerned with 'easy'). He is likely a(n)... - correct answer Maximizer Davenport (2006) describes it, among other things, as developing standard formats, storage policies and access policies, archival procedures, and proper owners and users - correct answer A data strategy Which of the following is NOT one of the three key attributes among analytics competitors discussed in Davenport (2006)? - correct answer Enterprise-wide use of descriptive statistics "I knew it!" is a response typical of the ___ heuristic - correct answer Confirmation
Per class discussion, the use of data visualization techniques is largely a hallmark of.. - correct answer Business Intelligence Per class discussion, business intelligence tools and techniques are focused more on... - correct answer Describing what has happened Davenport (2006) claims successful analytics competitors look well beyond the use of... - correct answer Descriptive statistics _____ knowledge is not typically codified, verbalized, accessible, or easily communicated - correct answer Implicit Which of the following heuristics is NOT one of the four major ones discussed in class? - correct answer Simplification Which of the following is NOT a characteristic of System 2 thinking? - correct answer Effortless Business analytics is sometimes described as "focused on self-service." Which of the statements below captures the essence of that statement? - correct answer There are no 'canned' reports provided to users Which of the following statements is generally ACCURATE? - correct answer Analytics are more useful in strategic than in tactical settings It uses the sum of the products of relative weights and ratings for individual criteria to evaluate options and make an optimal choice - correct answer Alternative evaluation matrix Business _____ is/are focused on self-service - correct answer Analytics ______ analytics focuses on describing events which have already taken place - correct answer Descriptive
Which of the following is inconsistent with Davenport's (2006) "enterprise approach" to competing on analytics? - correct answer Independent business units choosing best-in-class applications The Representativeness Heuristic helps us make decisions based on... - correct answer Previously-formed opinions or stereotypes Business ____ is/are mostly descriptive in nature - correct answer Intelligence The Confirmation Heuristic helps us make decisions based on... - correct answer Verification of selected data or facts in our possession Which of the following is NOT an appropriate descriptor of prescriptive analytics? - correct answer Reports-based _________ analytics focuses on future events and is probabilistic in nature - correct answer Predictive _______ analytics focuses on making recommendations and on their likely results - correct answer Prescriptive The Effect Heuristic helps us make decisions based on... - correct answer An emotional response Davenport's (2006) description of the right technology as a source of strength explicitly includes... - correct answer A proper data strategy According to Davenport (2006), the use of descriptive statistics is sufficient for any firm - correct answer False Which of the following is NOT an accurate description of heuristic? - correct answer They do not solve a problem
Per Davenport (2015), ____ is based on, uses, and also creates data - correct answer A data-enriched product The Alternative Evaluation Matrix is... - correct answer A tool Defining the problem, identifying and weighing the criteria for solutions, generating and rating alternatives, and computing the optimal decision are the six steps of... - correct answer Rational decision-making Explicit knowledge is communicated directly, but implicit is not - correct answer True Per Ackoff (1967), the issue with the assumption he describes is that... - correct answer The system is not designed properly Heuristics... - correct answer Involve trial-and-error Davenport (2006) calls this the process of identifying, recruiting, developing, and retaining talent - correct answer The right people This is not one of the 3 categories of business/data analytics discussed in class - correct answer Integrative Which of the following does not accurately describe one of the five essential principles for understanding data analytics in Davenport (2015)? - correct answer Keeping quantitative people away from business managers As discussed and confirmed in class - correct answer Tables A & B are the same length
Gannon (2013) calls the age of mobile computing the ____ Age - correct answer Consumerization A(n) ____ is a framework, in stages of increasing formalization, which describes greater organizational abilities related to a service or technology - correct answer Capability Maturity Model The regression to the mean effect is evident when an athlete underperforms after doing well - correct answer True A set of policies, guidelines, practices, and sometimes laws intended to promote the ethical management of a business - correct answer Corporate governance The tendency to rank ourselves HIGHER THAN OTHERS in competitive contexts - correct answer Overplacement According to Ross (2003), a silo architecture consists of... - correct answer Individual applications rather than a corporate plan An organized plan for IT service delivery which supports organizational objectives - correct answer Architecture Which of the following is NOT an example of a data product according to Davenport (2013)? - correct answer A quarterly sales report Our ability to easily recover patterns or ideas which match the problem at hand - correct answer Retrievability Bias Generalizing to a large data set what may only be true for a small one - correct answer Insensitivity to Sample Size Bias According to Davenport (2013), the "era of big data" is - correct answer Analytics 2.
Which of the following is a better definition of corporate IT infrastructure? - correct answer A set of currently-deployed assets Which of the following describes overplacement more accurately? - correct answer Believing your skills are better than everyone else's Belief that random events must look and feel random - correct answer Misconception of Chance Bias Which of the following Moore's Law descriptors is not accurate? - correct answer Storage is more irrelevant The effortlessness with which vivid and/or recent stories, events, or facts influence our perceptions - correct answer Ease of Recall Bias Which of the following DOES NOT describe the "rationalization" of data and processes according to Ross 2003? - correct answer Providing reasons for the failure of a system due to poor data or processes Which of these is not one of the ages in the development of commercial computing as described by Gannon (2013)? - correct answer Commodity CMM stage characterized by very few formal processes - correct answer Initial Which of the following is a better definition of corporate IT architecture? - correct answer A set of plans for delivering services Belief that extraordinary events will continue to repeat themselves without justifiable cause - correct answer Regression to the Mean Bias
CMM stage characterized by proactive process improvement - correct answer Optimizing According to Davenport (2013), the "era of data-enriched offerings" was/is - correct answer Analytics 3. Technologies, processes, people, etc. which make up the firm's existing IT environment - correct answer Infrastructure Which of the following does not accurately describe the aims of data governance? - correct answer Assign responsibility for data-related failures CMM stage characterized by enterprise-wide standardization of formal processes - correct answer Defined Our inability to consider the commonness of the occurrence of an event or fact in a data set - correct answer Insensitivity to Base Rates Bias According to Gannon (2013), during this time period organizations learned to use and deploy IT/IS widely to automate business processes on a large scale - correct answer Growth Age CMM stage characterized by monitoring of process quality - correct answer Quantitatively Managed IT governance, a subset of corporate governance, aims to increase - correct answer Accountability in IT development and use ____ packages multidimensional data as a single object - correct answer JSON Individual distributed servers in a Hadoop environment are known as... - correct answer Nodes
Controls applicable to individual systems, and only to those systems - correct answer Application-specified Which of the following is NOT an accurate possible description of an enterprise system? - correct answer Inexpensive Per McAfee & Brynjolfsson (2012), Big Data is created in large quantities very quickly - correct answer True Which of the following does NOT accurately describe Hadoop? - correct answer A large centralized database The state of being in agreement with a set of laws is known as... - correct answer Compliance Hadoop component which runs opportunistically to solve queries which may not conform well to batch data selection - correct answer YARN An enterprise data warehouse combines... - correct answer Many corporate databases Which of the following is correct about ISO 27K? - correct answer It is a set of best practices In Mayhew et al. (2016), data analytics is called a "quintessential business matter" because... - correct answer The business owns data governance McAfee & Brynjolfsson (2012), describe different data formats characteristic of Big Data as... - correct answer Variety
Which of the following is not one of the goals of an IS audit? - correct answer Identify parties responsible for a system breach ISO 27000 was created by... - correct answer Basel McAfee & Brynjolfsson (2012), describe the amount of data characteristic of Big Data as... - correct answer Volume The probability of an unwanted event actually occurring is defined as... - correct answer Risk When Mayhew et al. (2016) list "translators" as critical to a company's data analytics efforts they are talking about people who can... - correct answer Make the connections between IT, analytics, and business needs Of these Hadoop components, the one which helps keep track of where the data actually is... - correct answer HDFS The _____ function in MapReduce locates all data sets in a cluster which may solve a query - correct answer Map Which of the following is not a family of standards for conducting an audit? - correct answer ISO 27k Mayhew et al (2016) claim "insight often lives at the boundaries." This means... - correct answer Sometimes insights lie across data sets and in their combination Federated databases are _____ because they are not single-vendor platforms - correct answer Heterogeneous A Hadoop environment may use RDB's but it is primarily considered to be... - correct answer NoSQL
The primary difference between a Type I and a Type II audit is whether the audit involves... - correct answer A test period A data wrapper in a federated database is essentially a(n)... - correct answer Format translator McAfee & Brynjolfsson (2012) describe data creation speeds characteristic of Big Data as... - correct answer Velocity The _____ function in MapReduce selects a single solution from redundant data - correct answer Reduce Category of controls which actively monitor systems for unauthorized access or use
- correct answer Detect Generally, a very large collection of raw data accessible to users - correct answer Data warehouse An attestation engagement is just fancy-talk for... - correct answer An audit The family of international standards for information security is known as... - correct answer ISO 27000 In contrast to EDW systems, operational systems are generally.... - correct answer Transaction-oriented As a group, server collections in a Hadoop environment are known as... - correct answer Clusters Policies and practices implemented to reduce exposure to an organization - correct answer Controls
Acquisition Utility - correct answer Represents the economic gain or loss Transactional Utility - correct answer Represents the pleasure or displeasure associated with the final terms of the purchase Evaluability Hypothesis - correct answer There are attributes that are easy to evaluate in isolation, and ones that are hard. The hard- to-evaluate attributes need to be compared to something else
