
BUSINESS ANALYSIS CHAPTER 10
Authored by Hải Trần
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3rd Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true of spreadsheet packages used in business analytics?
They are more expensive than specialized packages.
They require substantial user training.
They come preloaded on computers.
They do not have specialized functions to perform detailed analyses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Spreadsheet models are referred to as what-if models because they _____.
are mathematical and logic-based models
allow easy instantaneous recalculation for a change in model inputs
come preloaded on computers
have specialized functions to perform detailed analysis
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _____ decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.
goal seek
two-way
voting-based
make-versus-buy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The modeling process begins with the framing of a _____ model that shows the relationships between the various parts of the problem being modeled.
mathematical
conceptual
circular
correlation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The conceptual model _____.
helps in organizing the data requirements
controls the model inputs
has tools defined to identify the optimal solution
explores the effects of changing model parameters
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) _____ is a visual representation that shows which entities affect others in a model.
decision tree diagram
influence diagram
entity chart
time series plot
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do nodes in an influence diagram represent?
Parts of the model
Influence levels
Road maps
Environmental factors
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