AI in Business Management Internal Exam

What is one of the key roles of AI in management decision-making?

• Reducing human involvement in decisions

• Enhancing data-driven insights

• Replacing all managerial tasks

• Eliminating uncertainty in decision-making

Which AI technique is commonly used for analyzing market trends and customer behavior?

• Blockchain

• Machine Learning (ML)

• Augmented Reality (AR)

• Quantum Computing

AI-powered predictive models are most useful for:

• Making decisions without human input

• Forecasting future trends, risks, and opportunities

• Replacing managers in strategic roles

• Eliminating uncertainty in decision-making

How does AI improve strategic decision-making?

• By replacing human intuition with machine logic

• Through scenario analysis and simulation tools

• By making decisions without human intervention

• By relying solely on historical data

Which of the following is NOT a challenge of AI in management?

• Bias in AI models

• Data security concerns

• Faster data processing

• Lack of human intuition

AI bias can lead to:

• More fair and equal decision-making

• Unethical and discriminatory decisions

• Increased transparency in AI models

• Reduced need for human oversight

What is one way to improve the transparency of AI decision-making?

• Using explainable AI (XAI) techniques

• Keeping AI models confidential

• Allowing AI to operate without human oversight

• Avoiding audits of AI systems

Privacy concerns in AI can be addressed by:

• Eliminating data collection

• Implementing data encryption and anonymization

• Sharing user data without consent

• Using AI to bypass regulations

One of the ethical challenges of AI in the workforce is:

• Reducing operational costs

• Replacing all human jobs with AI

• Workforce displacement due to automation

• Eliminating human error

What is a recommended approach to mitigate job displacement due to AI?

• Replacing employees with AI-powered robots

• Reskilling and upskilling employees

• Eliminating all AI applications in business

• Letting employees find new jobs on their own