Exam 30: B: Extension: A Business Intelligence

Which form of BI has managers and analysts as its primary users?

Improving the quality of business decisions has a direct impact on costs and revenue.

Which type of BI conducts short-term analysis to achieve strategic goals?

Describe the four categories of BI business benefits.

What types of BI decisions include predicting machinery failures and finding key factors that control optimization of manufacturing capacity?

What types of BI decisions include predicting sales, determining correct inventory levels and distribution schedules among outlets, and loss prevention?

Quantifiable benefits, indirectly quantifiable benefits, unpredictable benefits, and intangible benefits are the four primary categories of BI benefits.

Which of the following is a result of implementing business intelligence systems and tools allowing business users to receive data for analysis?

Data is a strategic asset for a business, and if the asset is not used, the business is wasting resources.

Which of the following is the result of BI that the data have been defined in business terms and calculations and algorithms are easily accessed for comprehension?

Which type of BI manages daily operations and integrates BI with operational systems?

What types of BI decisions include forecasting claim amounts and medical coverage costs, classifying the most important elements that affect medical coverage; predicting which customers will buy new insurance policies?

What is analysis latency?

Which of the following is a business benefit of BI?

What types of BI decisions include forecasting levels of bad loans and fraudulent credit card use, credit card spending by new customers, and the kinds of customers who will best respond to new loan offers?

Data latency is the time from which data are made available to the time when analysis is complete.

Which of the following can use BI to make informed decisions?

Which of the following is the result of BI that the processes that deliver the data to the business community are well documented and there are no surprises such as missing or inaccurate data?

What is decision latency?

Which form of BI uses months to years as its time frame?