Business Analyst Multiple Choice
2. A system contains all of the following EXCEPT: a)Process b)Output c)Market d)Input
C
2. A Run Chart provides a visual representation of what type of trends? a)Performance b)Valuation c)Market d)Financial
A
3. Manufacturing involves all of the following EXCEPT: a)People b)Tools c)Data d)Raw materials
C
1. A medical supplies company provides latex gloves to hospitals, this is an example of a: a)B2C transaction b)B2B transaction c)B2E transaction d)B2D
B
1. Current ratio analysis indicates: a)A company's solvency b)A company's liquidity c)A company's liability d)A company's fixed assets
B
3. All of the following are included in a balance sheet statement EXCEPT: a)Assets b)Liabilities c)Equity d)Tax assessment
D
4. The biggest challenge faced by information-based industries is: a)Large amount of data b)Long inefficient processes c)Difficult to control line workers d)Raw material shortage
A
6. The role of management function is to organize, deploy and control all of the following EXCEPT? a)Events b)Information c)Technology d)People
A
1. The following are all cost centers EXCEPT: a)Human Resources b)Research and Development c)Marketing d)Legal Services
B
2. A Business Analyst's job in quality assurance is to analyze the process but he or she does not document the analysis: a)True b)False
B
3. Communication Strategy includes all of the following EXCEPT: a)Content b)Clarity c)Social/Cultural Context d)Audience
B
5. Which one of these is NOT a benefit of engaging Business Analysts in Cost and Revenue Analysis? a)Perform thorough business analysis b)Explore new revenue routes c)Attend weekly meetings with the sales staff d)Suggest innovative cost reduction solutions
C
4. Choose True or False. Business metrics allow companies to perform revenue analysis. a)True b)False
A
2. A company purchases a fleet of cars for its rental branch. The cars are considered: a)Intangible assets b)Tangible assets c)Intangible liability d)Tangible liability
B
3. Examples of strategic goals will include all of the following EXCEPT: a)Operational excellence b)Growth excellence c)Product excellence d)Customer satisfaction
B
1. The Lens Model explains: a)Customer segmentation b)Customer purchasing trend c)Customer needs d)Customer hierarchy
C
1. Examples of financial statement analysis include all of the following EXCEPT: a)Cash flow statement analysis b)Balance sheet analysis c)Income statement analysis d)Marketing strategy analysis
D
2. Which of the following is NOT a step in the manipulation of data? a)Data to Information b)Information to Knowledge c)Knowledge to Wisdom d)Wisdom to Recommendations
D
3. A Business Case document contains the following EXCEPT: a)Cost-benefit analyses b)Time estimates it would take to break even c)Potential impact of new project on existing business operations d)Meeting schedule for stakeholders
D
3. Revenue centers in a multinational oil and gas company engage in all of the following EXCEPT: a)Product Development b)Marketing c)Research & Development d)Sales
B
4. Why is external benchmarking important to performance management? a)Because it allows an organization to collect data easily b)Because it allows an organization to compete in the market c)Because it identifies redundant staff and departments d)Because it helps an organization formalize processes
B
1. The following are examples of a visual aid EXCEPT: a)Overhead projectors b)Handouts c)Simulations and models d)Mobile phones
D
2. A company develops value for its customers through all EXCEPT: a)Product development b)Competitive advantage c)Market placement d)Profitability assessment
D
2. A business analyst and his or her team must be aware of both _______________________ of the presentation. a)The content and its delivery b)The content and the audience c)The delivery and the audience d)The audience and the topic
A
3. Organizational analysis is made up of all of the following EXCEPT: a)Strategy Design Lens b)Innovative Development Lens c)Political Lens d)Cultural Lens
B
1. IT presence is known in all of the following systems EXCEPT: a)Management information system b)Financial information system c)Transaction processing system d)Knowledge worker system
B
1. In the acronym SWOT, what does the T stands for: a)Training b)Threat c)Tangible d)Technology
B
3. Finance and Accounting functional areas conduct the following: a)Strategic market analysis b)Financial projects in the annual strategic plan c)New and emerging markets research d)Software and hardware application support
B
1. All of the following are known organizational structures EXCEPT: a)Project Team b)Matrix c)Sales and Marketing d)Functional
C
6. Company valuations are not vulnerable to fraud because of the conflicts between: a)Shareholders b)Spouses c)CEOs d)Investors and shareholders
C
6. Data collection methods for business analytics include all of the following EXCEPT: a)Market research b)Analyst data c)Present sales performance d)Market growth
C
6. Successful KPIs have the following characteristics EXCEPT: a)Specific b)Measurable c)Affordable d)Relevant
C
2. In today's world, IT constitutes ____ of a company's capital expenditure. a)35% b)40% c)45% d)50%
D
2. Which of the following is NOT a prerequisite for successful KPIs implementation? a)Strong financial and accounting practices b)Strategic and annual planning c)Clearly defined organizational objectives d)Formal structures and processes
A
4. Why does a company conduct a JAD? a)To assess the capability of its information system in the presence of a number of stakeholders. b)To assess the productivity of the different departments. c)To assess the progression of implemented changes. d)To analyze the data gathered by the specific stakeholders.
A
5. Which one of these is NOT a good habit of successful Business Analysts? a)Communicate with stakeholders only once during Business Analysis b)Work collaboratively with Project Managers c)Are clear about their roles and responsibilities d)Integrate creativity and critical thinking in their work
A
5. Which one of these is NOT a responsibility of the Research and Development department? a)Provide administrative reports to senior management b)Research new products c)Improve upon existing products d)Keep abreast of technological developments in their field
A
6. Cash flow is monitored in one of these activities: a)A company's operational activities b)A company's philanthropic activities c)A company's conversion activities d) A company's marketing activities
A
1. What is a Key Performance Indicator (KPI): a)A vision statement that outlines a company's successful strategy b)An executive officer's ability to lead his division c)A performance measurement tool to gauge how a company is doing d)A growth strategy that takes competition into account
C
4. All of the following are reasons behind adjustments made to ratio analysis EXCEPT: a)Revalue tangible assets b)Calculate intangible assets c)Eliminate short-term liabilities d)Assess long-term liabilities
C
4. What is the first step in conducting organizational change? a)To assess the staff change potential b)To assess management change potential c)To assess current state of the organization d)To assess market potential of the organization
C
4. Which of the following does NOT contribute to cross-functional teams failing to complete projects successfully at times? a)Leadership crises b)Team members coming from different departmental cultures c)Remote communication between departments d)Territorial behavior
C
6. Human resources departments affect company revenues indirectly through all of the following EXCEPT: a)Hiring best talent b)Engaging employee concerns c)Preparing wages and salaries d)Making sure employees are satisfied with their roles
C
1. Organizations develop their own culture to: a)Integrate employees b)Adapt to environment c)Gain market advantage d)Both a & b
D
2. A Business Analyst's role in preparing a Project to avoid crises does NOT include: a)Providing training to leaders b)Developing a clear vision statement c)Helping a team learn new communication skills d)Evaluating team performance
D
3. Differences between financial ratios are due to all of the following EXCEPT: a)Financial strategy b)Marketing strategy c)Leadership strategy d)Liquidity strategy
D
5. When emphasizing a particular point during a verbal presentation, the speaker should____________. a)Highlight visual aid b)Project voice c)Maintain eye contact d)Pause
D
5. Which one of these is NOT a KPI? a)90 percent sales conversion rate b)5 percent staff absenteeism c)Maximum of 2 shipment days d)Satisfactory shopping experience
D
6. A return on equity (ROE) ratio reflects: a)A company's ability to attract new investors b)A company's ability to gain new assets c)A company's successful conversion of assets into sales d)A company's successful return on investor money
D
6. Customer satisfaction is determined by these factors EXCEPT: a)Clear communication b)Easy access c)Courtesy d)Frequent sales
D
6. Public and private financial reports differ in the following EXCEPT: a)Assessment of assets and liabilities b)Assessment of intangible assets c)Assessment of taxes d)Assessment of year-over-year profits
D
6. Recommendations to adopt new strategies are usually based on__________________. a)Expected changes within a company b)Change in management c)The requests of upper management d)The results of the analysis that they conduct
D
6. Which of the following techniques does a Business Analyst NOT utilize to gather information from stakeholders? a)Interviews and facilitated discussion b)Document and process analyses c)Case modeling d)Discussions with product suppliers
D
2. A corporation patents a new invention that will make driving safer. This is an example of a(an): a)Intangible asset b)Tangible asset c)Intangible liability d)Tangible liability
A
3. Cash flow is a strong indicator of a company's: a)True value b)Growth challenge c)Solvency risk d)Asset depreciation
A
1. Business Analysis and Project Management have the following job specifications in common EXCEPT: a)They are both aware of the overall project's goals and objectives b)They both communicate with stakeholders c)They can both begin at any time in the project lifecycle d)They are both involved in the development of viable solutions
C
1. What is a company valuation? a)A process to provide better management strategy b)A process to encourage lean manufacturing c)A process to approximate the value of a company d)A process to determine the value of new investment
C
1. What is a current asset? a)A tangible asset of less than 1 year of life b)A tangible asset of more than 1 year of life c)An asset of less than 1 year of life d)An asset of more than 1 year of life
C
2. An ROCE differs from an ROE in that it incorporates the following when comparing income to average shareholders' equity: a)Debts b)Inventory c)Fixed Assets d)Solvent Assets
A
3. Creating a focus group of prospective customers is an example of: a)Qualitative research b)Quantitative research c)Observational research d)Market analysis
A
4. All of the following are advantages of e-commerce EXCEPT: a)Decreasing the flow of illegal information b)Expanding the market globally c)Reducing prices for consumers d)Increasing consumer convenience growth analysis
A
4. _________________ is a company culture that emphasizes blame over responsibility sharing, leading to employees resisting a business analyst's efforts. a)Collaboration b)Familiarity c)Training d)Family
B
5. Stakeholder in a JAD session can be the following EXCEPT: a)Business Analyst b)Supplier c)Technical staff d)Project managers
B
5. Which one of these is NOT a component of a marketing mix? a)Pricing b)Growth c)Advertising d)Packaging
B
3. Examples of business analytics include all of the following EXCEPT: a)Multiple regression analysis b)Future value analysis c)Activity based costing d)Market
D
4. An income statement entry must be matched so that: a)Income and taxes owed in the same period are matched b)Donations and expenses in the same period are matched c)Net income and liabilities in the same period are matched d)Revenues and expenses in the same period are matched
D
5. BPI improves a company's processes through all of the following EXCEPT: a)Clear strategic goals b)Customer knowledge c)Identified processes d)Change management
D
2. Companies with inefficient processes will most likely show: a)Competitive market placement b)High staff turnover c)Experienced management d)Satisfied customers
B
5. ________ analytics is concerned with human resource, marketing, and finance of a company: a)External b)Internal c)Regression d)Growth
B
2. A company sets quarterly cost targets for its West Coast sales office, it is engaging in: a)Cost Analysis b)Cost Reduction c)Cost Control d)Revenue Analysis
C
3. All of the following are examples of an Output KPI EXCEPT: a)Weekly sales revenues b)Cars produced per quarter c)Online transaction time d)Market share
C
3. All of the following are examples of a liability EXCEPT: a)Debt payments b)Employee wages c)Long-term leases d)US Patent
D
4. Why is an assessment of company skills important in successful marketing strategies? a)So that other companies avoid competition b)So that government can determine regulations c)So that social context can be counted d)So that a company can assess its human capital
D
5. Which one of these is NOT a challenging company for valuation? a)A public company b)A private company c)A new company d)A specialized company
A
6. BPI is usually used in: a)Manufacturing b)Information Technology c)Oil & Gas d)Consulting
A
5. Which one of these is NOT an internal user of a financial report? a)An employee b)A future investor c)A division manager d)A company accountant
B
5. Which one of these is an ideal solvency rate for a company? a)10 percent b)20 percent c)30 percent d)Depends on the company
B
6. The Lens Model contains all of these factors EXCEPT: a)Product features b)Competitor prices c)Perceptions d)Availability
B
2. When standardizing a financial statement, all items are expressed as: a)Ratios b)Assets c)Percentages d)Liabilities
C
3. Examples of Strength will include all of the following EXCEPT: a)An organizational culture of achievement and successes b)Innovative technologies c)Brand recognition d)Patents and trademarks
C
4. All of the following are areas of concern when conducting financial statement analysis EXCEPT: a)Sales and revenues b)Long-term debt c)Short-term debt d)Inventory build-up
C
4. BPI and day-to-day evaluations differ on all of the following EXCEPT: a)Depth b)Breadth c)Projections d)Scope
C
4. Why is asset-based valuation inappropriate for professional practices? a)Because professional practices are not easy to analyze financially b)Because professional practices are not market-based c)Because professional practices have mostly intangible assets d)Because professional practices use financial and not economic tools
C
4. Why is role and process clarity important when initiating Business Analysis? a)So that hardworking Project Managers are not burdened b)So that the company can limit billing hours c)So that Business Analysts are clear about their roles and responsibilities d)So that project team members don't have to be accountable
C
5. Which of the following is among the deliverables of Business Analysis? a)A press release b)A raw supplies order c)A requirements document d)A financial report
C
1. Components of a business system include all of the following EXCEPT: a)Input b)Output c)Feedback d)Process
D
5. When conducting trend analysis, a company's current ratios are compared to all of the following EXCEPT: a)Its past performance b)Its closest competitor c)The industry average d)The industry success benchmark
D
6. What is RCA? a)Run Chart Analysis. b)A set of business tools that are used to calculate revenue within a collaborative environment. c)Relative Control Analysis d)A set of business tools and techniques that are used to identify the root causes of business problems or events.
D