Quiz on Quantitative Techniques

Quiz on Quantitative Techniques

12th Grade

15 Qs

quiz-placeholder

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Quiz on Quantitative Techniques

Quiz on Quantitative Techniques

Assessment

Quiz

Other

12th Grade

Practice Problem

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Created by

Thandokazi Mzimkulu

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of data analytics in management?

To generate raw data

To create marketing strategies

To support management decision-making

To analyze employee performance

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a management decision that data analytics can assist with?

Hiring a new receptionist

Choosing a company logo

Selecting office furniture

Deciding on the best product mix to market

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of information is essential for sound business decisions?

High-quality, evidence-based information

Information that is easy to understand

Information that is expensive to obtain

Information that is outdated

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is raw data?

Processed information ready for analysis

Data that is always accurate

Unprocessed data from various sources

Data that has been summarized

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of statistics in management?

To analyze and present data for decision-making

To create marketing campaigns

To collect data only

To manage human resources

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statistical method is used to generalize sample findings to a broader population?

Statistical modeling

Inferential statistics

Data mining

Descriptive statistics

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a random variable?

A method of data collection

A type of statistical model

An attribute of interest on which data is collected

A fixed value in a dataset

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