Question 1

Decision makers need quick reflexes due to:

Accepted Answer

A)  technological progress in each market domain. 
B)  increasingly complicated decisions in each market domain. 
C)  exploding data volumes in each market domain. 
D)  an increasing pace of change in each market domain. 
E)  the time needed to recycle their knowledge. 
A)  technological progress in each market domain. 
B)  increasingly complicated decisions in each market domain. 
C)  exploding data volumes in each market domain. 
D)  an increasing pace of change in each market domain. 
E)  the time needed to recycle their knowledge. D

Question 2

Some say that knowledge is just richer, more-detailed information. How does knowledge differ intrinsically from information?

Accepted Answer

A)  It doesn't really differ. 
B)  Knowledge is justified beliefs about relationships among concepts relevant to a particular area. 
C)  Knowledge is justified information. 
D)  Knowledge is equivalent to data. 
E)  None of the above 
A)  It doesn't really differ. 
B)  Knowledge is justified beliefs about relationships among concepts relevant to a particular area. 
C)  Knowledge is justified information. 
D)  Knowledge is equivalent to data. 
E)  None of the above B

Question 3

Which is not one of the classifications of the factors driving Business Intelligence?

Accepted Answer

A)  Increasingly Complicated Decisions 
B)  Insufficient BI tools 
C)  Technological Progress 
D)  Exploding Data Volumes 
E)  Need for Quick Reflexes 
A)  Increasingly Complicated Decisions 
B)  Insufficient BI tools 
C)  Technological Progress 
D)  Exploding Data Volumes 
E)  Need for Quick Reflexes B

Question 4

How is information related to data?

Accepted Answer

A)  Information is a subset of data, only including those data that possess context, relevance, and purpose. 
B)  Information is useless; knowledge is more important since knowledge is justified information. 
C)  Information is raw, unmanipulated data taken from the company's transactions. 
D)  Information and data are the same thing. 
E)  None of the above 
A)  Information is a subset of data, only including those data that possess context, relevance, and purpose. 
B)  Information is useless; knowledge is more important since knowledge is justified information. 
C)  Information is raw, unmanipulated data taken from the company's transactions. 
D)  Information and data are the same thing. 
E)  None of the above

Question 5

How do BI solutions help improve operational performance?

Accepted Answer

A)  The help reduce inefficiencies that arise from managers spending excessive time acquiring information and not enough time understanding and interpreting the information. 
B)  They help reduce inefficiencies that arise from managers spending excessive time reading their e-mail each day, talking on the phone, and taking long lunches. 
C)  They help managers assign more people to work on customer-oriented processes. 
D)  They facilitate new insights through the discovery of unknown patterns, correlations, and trends. 
E)  None of the above 
A)  The help reduce inefficiencies that arise from managers spending excessive time acquiring information and not enough time understanding and interpreting the information. 
B)  They help reduce inefficiencies that arise from managers spending excessive time reading their e-mail each day, talking on the phone, and taking long lunches. 
C)  They help managers assign more people to work on customer-oriented processes. 
D)  They facilitate new insights through the discovery of unknown patterns, correlations, and trends. 
E)  None of the above

Question 6

Which choice is not a contribution of Business Intelligence?

Accepted Answer

A)  Dissemination of real-time information 
B)  Creation of new knowledge based on the past 
C)  Responsive and anticipative decisions 
D)  Improved planning for the future 
E)  Reduction of salaries to economize 
A)  Dissemination of real-time information 
B)  Creation of new knowledge based on the past 
C)  Responsive and anticipative decisions 
D)  Improved planning for the future 
E)  Reduction of salaries to economize

Question 7

Which choice is not a major capability associated with Business Intelligence?

Accepted Answer

A)  Organizational memory 
B)  Information integration 
C)  Business analytics 
D)  Better presentation 
E)  Increased employment 
A)  Organizational memory 
B)  Information integration 
C)  Business analytics 
D)  Better presentation 
E)  Increased employment

Question 8

According to Howson the average manager spends _______ hours a day looking for data for which _______ is later found useless?

Accepted Answer

A)  3 hours a day , 10% deemed useless 
B)  2 hours a day, 75% deemed useless 
C)  4 hours a day, 20% deemed useless 
D)  3 hours a day, 0% deemed useless 
E)  None of the above 
A)  3 hours a day , 10% deemed useless 
B)  2 hours a day, 75% deemed useless 
C)  4 hours a day, 20% deemed useless 
D)  3 hours a day, 0% deemed useless 
E)  None of the above

Question 9

How does structured information differ from unstructured information?

Accepted Answer

A)  Structured information is never machine-readable. 
B)  Unstructured information is designed by humans for machines. 
C)  Structured information is information that has been mechanized by the organization. 
D)  Structured information is designed by humans for humans and is easy to create and consume. 
E)  None of the above 
A)  Structured information is never machine-readable. 
B)  Unstructured information is designed by humans for machines. 
C)  Structured information is information that has been mechanized by the organization. 
D)  Structured information is designed by humans for humans and is easy to create and consume. 
E)  None of the above

Question 10

What is the focus of Knowledge Management?

Accepted Answer

A)  Creating, sharing, and applying knowledge 
B)  Creating explicit knowledge only 
C)  Provide a single logical repository for an organization's data 
D)  Creating, hiding, and applying knowledge 
E)  Borrowing, sharing, and documenting knowledge 
A)  Creating, sharing, and applying knowledge 
B)  Creating explicit knowledge only 
C)  Provide a single logical repository for an organization's data 
D)  Creating, hiding, and applying knowledge 
E)  Borrowing, sharing, and documenting knowledge

Decision makers need quick reflexes due to:

Some say that knowledge is just richer, more-detailed information. How does knowledge differ intrinsically from information?

Which is not one of the classifications of the factors driving Business Intelligence?

How is information related to data?

How do BI solutions help improve operational performance?

Which choice is not a contribution of Business Intelligence?

Which choice is not a major capability associated with Business Intelligence?

According to Howson the average manager spends _ hours a day looking for data for which _ is later found useless?

How does structured information differ from unstructured information?

What is the focus of Knowledge Management?

Business Intelligence Capabilities

Technologies Enabling Organizational Memory

Technologies Enabling Information Integration

Technologies Enabling Insights and Decisions

Technologies Enabling Presentation

Business Intelligence Tools and Vendors

Development of Business Intelligence

Management of Business Intelligence

The Future of Business Intelligence

Filters

Exam 1: Business Intelligence and Its Impacts

Decision makers need quick reflexes due to:

Some say that knowledge is just richer, more-detailed information. How does knowledge differ intrinsically from information?

Which is not one of the classifications of the factors driving Business Intelligence?

How is information related to data?

How do BI solutions help improve operational performance?

Which choice is not a contribution of Business Intelligence?

Which choice is not a major capability associated with Business Intelligence?

According to Howson the average manager spends _______ hours a day looking for data for which _______ is later found useless?

How does structured information differ from unstructured information?

What is the focus of Knowledge Management?

Business Intelligence Capabilities

Technologies Enabling Organizational Memory

Technologies Enabling Information Integration

Technologies Enabling Insights and Decisions

Technologies Enabling Presentation

Business Intelligence Tools and Vendors

Development of Business Intelligence

Management of Business Intelligence

The Future of Business Intelligence

Filters

According to Howson the average manager spends _ hours a day looking for data for which _ is later found useless?