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Digital Business and Innovation Quiz3

Authored by Dennys Fernandez

English

12th Grade

Used 1+ times

Digital Business and Innovation Quiz3
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14 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main focus of Business Intelligence (BI) compared to Business Analytics (BA)?

Descriptive analytics

Predictive analytics

Statistically derived insights

Historical and present data analysis

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of the Innovation Funnel in organizations?

To create business value

To optimize production lines

To reduce costs

To increase employee satisfaction

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of analytics uses present and past data to determine future outcomes?

Prescriptive Analytics

Predictive Analytics

Business Intelligence

Descriptive Analytics

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term used to describe a firm's ability to recognize the value of new external information and apply it to commercial ends?

Absorptive capacity

Market orientation

Innovation mindset

Strategic thinking

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which stage of the Innovation Funnel involves transforming ideas into finished products?

Ideation

Research

Innovation development

Insight

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main benefit of Business Analytics for managers?

Transforming data into decisions

Reducing customer churn

Optimizing supply chain management

Increasing employee satisfaction

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary focus of Business Analytics (BA) compared to Business Intelligence (BI)?

Historical data analysis

Predictive models

Performance reporting

Statistical insights

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