Data-Based Business Decisions Answers

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10

Which of the following is not a way Ian Dicker claims a Business Intelligence Dashboard will help you to make good business decisions?

A
allowing five different methods with which to monitor your business
B
increasing data-sampling rate, providing more data points for analysis
C
offering a central point by which the organization or team can monitor progress
D
reducing decision-making time by viewing the business progress visually rather than numerically
13

Which of the following is not a way Ian Dicker claims a Business Intelligence Dashboard will help you to make good business decisions?

A
allowing five different methods with which to monitor your business
B
increasing data-sampling rate, providing more data points for analysis
C
offering a central point by which the organization or team can monitor progress
D
reducing decision-making time by viewing the business progress visually rather than numerically
14

Which part of the decision-making process is directly related to brainstorming?

A
defining the objective
B
collecting relevant data
C
generating possible options
D
implementing and evaluating
15

In the article, “Visual Business Intelligence”, Stephen Few claims that visualization analysis and presentation tools are important to a business decision-maker since they _____.

A
help justify unsound decisions to upper-level management with colorful charts and graphs
B
help him or her to see through the errors in data collection before making an erroneous decision
C
assist in viewing the data in even finer detail so that he or she can make the most informed decision possible
D
allow him or her to view data as an easy to understand image that might be recognized as a pattern and solved without costly data analysis
16

The following graph shows Caroline’s sales records since she started her position 22 months ago. Caroline’s two managers, Shawna and Morris, are having a meeting to discuss her performance. To prepare, Morris looks at Caroline’s sales over the past four months, and Shawna looks at Caroline’s total records. How is Shawna’s opinion likely to differ from Morris’s?

Question illustration
A
Morris is likely to see a total growth in sales, while Shawna will probably see a decline in Caroline’s performance.
B
Morris will only see a rapid drop in performance, while Shawna knows that Caroline is usually a solid salesperson and that her lapses never last long.
C
Shawna will see a higher median performance from Caroline, while Morris will see a higher mean performance.
D
Shawna will see that Caroline’s sales tend to increase over time, while Morris will believe that they tend to decrease.
17

In the decision-making process, why is it important to gather relevant information before making a decision?

A
Gathering relevant information is a way of determining the outcome of a decision before it is made.
B
Gathering relevant information helps you determine what your objective should be.
C
Gathering relevant information helps you become aware of factors which could influence your actions or their consequences.
D
Gathering relevant information allows you to explain your decision to other people.

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