BF160 Quiz 2 Review

A business analytics specialist who creates graphs, charts, infographics and other visual tools that help people understand complex data is called what?

• Supply Chain Manager

• Data Artist

• Knowledge Keeper

• Data Manager

How does Online Analytical Processing (OLAP) contribute to decision support systems (DSSs)? 

• models’ information to create business intelligence for strategic decision making.

• analyzes complex datasets

• provides transactional information for managers. 

• manages Supply Chain Management

What are the three components of supply chain management that companies focus on to find efficiencies? 

• Open, Middle, and End

• Logistics, Management, and Analysis

• Data, Knowledge, Supply Chain Management

• Procurement, logistics, and materials management. 

What is an example provided in the text of a company using business intelligence from a DSS to achieve a cost advantage? 

• Analyzing relationships among millions of data items. 

• SCM Managers entering datasets

• Lowering insurance rates for a specific group of customers based on data analysis

• Managers entering performance reports

Which of the following refers to the elements of a Block in the Blockchain?

• SCM, Knowledge, Data

• Hash, data, future hash

• Data, Knowledge, SCM

• Hash, data, previous hash

The phenomenon describing how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer and raw material supplier levels is called (a)  

(a)   occurs when the user goes into an emotional state of overthinking a situation so that a decision or action is never taken, in effect paralyzing the outcome.

Managers develop overall business strategies, goals, and objectives as part of the company’s strategic plan. What decision making level is this?

(a)  

What type of decisions are typical at the strategic level, involving situations where no procedures or rules guide decision makers?

(a)  

(a)   Simulates human thinking and behavior, such as the ability to reason and learn.