QUIZ BA (1)

What is Business Analytics?

• A. A process of extracting insights from data to inform business decisions
• B. A process of recording business transactions
• C. A process of marketing products and services
• D. A process of training employees

What is the importance of Business Analytics?

• A. It helps in predicting future trends
• B. It helps in reducing costs
• C. It helps in identifying new opportunities
• D. All of the above

What are the types of Business Analytics?

• A. Descriptive Analytics
• B. Predictive Analytics
• C. Prescriptive Analytics
• D. All of the above

Which type of Business Analytics is used to predict future outcomes?

• A. Descriptive Analytics
• B. Predictive Analytics
• C. Prescriptive Analytics
• D. None of the above

Which type of Business Analytics helps in providing recommendations for actions to be taken?

• A. Descriptive Analytics
• B. Predictive Analytics
• C. Prescriptive Analytics
• D. None of the above

Which industry benefits from the use of Business Analytics?

• A. Healthcare
• B. Retail
• C. Finance
• D. All of the above

How does Business Analytics help in decision-making?

• A. By providing accurate and timely data
• B. By identifying trends and patterns
• C. By providing insights into customer behavior
• D. All of the above

Which tool is commonly used for Business Analytics?

• A. Microsoft Excel
• B. Adobe Photoshop
• C. Final Cut Pro
• D. None of the above

What skills are required for Business Analytics?

• A. Statistical analysis skills
• B. Data visualization skills
• C. Communication skills
• D. All of the above

Which step is a part of the Business Analytics process?

• A. Data storage
• B. Data cleaning
• C. Data collection
• D. All of the above