MIS Exam Review

Data analysts are likely to have achieved what education level when beginning their career?

Bachelor's

which is the best explanation of why technology is highlighted in a PESTEL analysis?

Failing to keep up with advances in technology can harm an organization's competitiveness.

"How Competitive Forces Shape Strategy" was published in the Harvard Business Review in 1979 by whom?

Michael E. Porter

Which of the following is a popular Microsoft data analytics program that offers business intelligence as well as data visualization?

Power BI

Data-driven decision making (DDDM) can be facilitated through a six-step processes of Ask, Prepare, Process, Analysis, Share, and Act. Which of these steps refers to creating visualizations and presentations for key stakeholders?

Share

Skype co-founders, Ahti Heinla and Janus Friis, launched ________ in 2014. The company's vision is to revolutionize food and package deliveries across the globe. Starship robots can carry items within a 4-mile radius.

Starship

When working in Tableau, users can assume which three roles?

creators explorers viewers

Analytical skills necessary for a data analyst include the characteristics and capabilities that allow for the observation, research, and interpretation of a problem or change in a desired state. According to Google, there are five essential aspects of analytical skills including which three of the following?

curiosity understanding context data strategy

Because of the vast information it can reveal about the electorate, ________ mining has become increasingly important to campaign managers.

data

Campaign managers increasingly rely on _________ because so much information regarding voters' political attitudes is available online.

data mining

Some of the responsibilities of a data analyst include which three of the following?

data visualization data structuring data reporting

The process of data analytics includes which three of the following?

descriptive analytics predictive analytics prescriptive analytics

Misplacing one's purse or wallet may be a thing of the past since some companies are developing personal identification purchasing capability using ________ software.

facial recognition

Using "economies of scale" means

large production or purchasing power

A multi-national automobile manufacturer is concerned about how its global operations will be impacted by changing government standards and regulations for auto emissions and fuel efficiency. Which component of a PESTEL analysis can best help the manufacturer evaluate any threats posed by these policy changes?

legal

Business must differentiate itself from its competitors according to Professor Porter. One method is to encourage customers to believe that an organization provides higher quality goods or better service, then the organization can charge a premium, or gain market share, or (ideally) both. For example, Nike is able to charge a higher price by placing a swoop icon on a sweatshirt. This methodology is called

monopolistic competition.

Some Nigerian banks have used a fast-follower strategy in the financial world. To reap benefits, they have

quickly developed and marketed products introduced by Western banks.

One way to visualize a data ecosystem is to apply it to the data project life cycle. The Data Science Ready project outlines the five steps of the data project life cycle. The final stage in this life cycle is

storage

When selecting the right data, it is important to be aware of the source of the data. For example, data that is sold by an entity that didn't actually collect the data is considered ______ data.

third-party