BIS Chapter 1 University of Pittsburgh
Which two terms can be used interchangeably with business unit?
- Functional Area - Department
Which of the following are dynamic reports? (Select two)
-Available inventory report -Daily stock market price report
Which of the following are classified as static report types? (Select two)
-Last year's sales report -Last year's salary report
What are two sources of unstructured data?
-Satellite images -Social media data
A report is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information. What are the two common types of reports?
-Static reports -Dynamic reports
What is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools?
Big data
What is the scientific process of transforming data into insight for making better decisions?
Business Analytics
What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?
Business Intelligence
The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share __________ without human intervention.
Data
What are the raw facts that describe the characteristics of an event or object?
Data
Finance
Deals with strategic financial issues including money, banking, credit, investments, and assets.
Which statement accurately describes the relationships between departments in a company for making solid business decisions for the company to operate as a whole?
Departments are interdependent and need data from other departments
What type of analytics is best described with a report that includes charts and graphs explaining the data?
Descriptive analytics
What is data that humans, in interaction with computers, generate?
Human-generated structured data
What is data converted into a meaningful and useful context?
Information
What age are we currently living in when infinite quantities of facts are widely available to anyone who can use a computer?
Information Age
Human-generated structured data is data that humans, in interaction with computers, generate. Which two sources of data are human-generated structured data?
Input data Gaming data
What includes the skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources?
Knowledge
_______ workers are individuals valued for their ability to interpret and analyze information.
Knowledge
Who are individuals valued for their ability to interpret and analyze information?
Knowledge workers
What refers to devices that connect directly to other devices? - Machine to machine (M2M) - Business intelligence - Information age - Management information systems
Machine to machine (M2M)
What is created by a machine without human intervention?
Machine-generated data
Human resources
Maintains policies, plans, and procedures for the effective management of employees.
Operations management
Manages the process of converting or transforming resources into goods or services.
Sales
Performs the function of selling goods or services
What is an area of business intelligence, which extracts information from data and uses it to predict future trends and identify behavioral patterns?
Predictive analytics
What uses techniques that create models indicating the best decision to make or course of action to take?
Predictive analytics
What type of analytics would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximizing revenue?
Prescriptive analytics
Accounting
Records, measures, and reports monetary transactions.
Structured data has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address. Which two sources typically store structured data?
Relational Database Spreadsheet
What is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information?
Report
Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data?
Sensor Data Paint-of-sale Data
A(n) ________ is a view of data at a particular moment in time.
Snapshot
What is created once based on data that does not change?
Static Report
What has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?
Structured Data
Business intelligence (BI) is information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
Suppliers, customers, competitors, partners, and industries
Marketing
Supports sales by planning, pricing, and promoting goods or services.
What is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention?
The Internet of Things (IOT)
Select the group of items that can be determined using information.
The best-selling product, best customer, and worst-selling product
True or false: Analytics is the science of fact-based decision making.
True
What is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages?
Unstructured Data
Select the question that can be answered using only raw data.
What is the date, amount sold, and customer number for a sale transaction?
Which question can be answered using business intelligence?
What was the lowest sales per week compared with the economic interest rate?
What is the science of fact-based decision making?
analytics
A big part of business intelligence is an area called predictive analytics, which extracts information from ________ and uses it to predict future trends and identify behavioral patterns.
data
The four core drivers of the information age
data, information, business intelligence, knowledge
The key term machine to machine (M2M) refers to devices that connect directly to other __________.
devices
What changes automatically during creation?
dynamic report
In the _________ age infinite quantities of facts are widely available to anyone who can use a computer.
information