Question 1

By utilizing business analytics, a company can learn which one of the following?

Accepted Answer

A)   Which products are moving slowly versus which products are moving quickly
B)   Which products have been sold in the past 3 months
C)   Who is likely to buy the product in a given period of time
D)   Where each product sits (warehouse, store or factory location) 
E)   The suppliers who contributed to the manufacturing of the productF) D) and E)
G) B) and D)

Question 2

Match the analytical capabilities maturity level with the question it seeks to answer.

Accepted Answer

The answer of Match the analytical capabilities maturity level with...

Question 3

Identify the following actions as either using explicit knowledge or tacit knowledge.

Accepted Answer

1)Let's first understand both the concep...

Question 4

Match the level of analytical capability to its maturity level. Level 1 is the lowest level of maturity and Level 5 is the highest level of maturity.

Accepted Answer

The answer of Match the level of analytical capability to...

Question 5

Knowledge that has been identified, captured, and leveraged to produce higher-value goods or services or some other competitive advantage for the firm is called:

Accepted Answer

A)   Information
B)   Intellectual capital
C)   Competitive advantage data
D)   Business intelligence
E)   System dataF) A) and E)
G) A) and B)

Question 6

Give examples of how Netflix takes advantage of business analytics, and what benefits they receive from doing so.

Accepted Answer

Netflix uses data analytics to create co...

Question 7

Capital One found ________ in combination with business analytics to be a very low-cost way to design and develop new products and services for customers.

Accepted Answer

A)   Socialization
B)   Experimentation
C)   Absorption
D)   Externalization
E)   GlobalizationF) C) and E)
G) C) and D)

Question 8

The CEO-level sponsorship of and passion for analytics enabled firms like Caesars and Capital One to achieve the success they did.

Accepted Answer

A) True 
 B)False

Question 9

List the four main processes of knowledge management. Which process is the most difficult to perform? Why?
Matching

Accepted Answer

Process of knowledge managemen...

Question 10

_______________ includes the movement from tacit knowledge to explicit knowledge.

Accepted Answer

A)   Externalization
B)   Socialization
C)   Internalization
D)   Combination
E)   AppropriationF) B) and E)
G) B) and C)

Question 11

This is an ad-hoc codification system that manages tags for annotating and categorizing content.

Accepted Answer

A)   Collaborative data store
B)   Folksonomy
C)   Data mart
D)   Socio-content
E)   Social NetworkF) A) and E)
G) C) and D)

Question 12

Data is more important than knowledge.

Accepted Answer

A) True 
 B)False

Question 13

Knowledge management is the process that generates, captures, codifies and __________ knowledge across an organization in order to achieve a competitive advantage.

Accepted Answer

A)   Analyzes
B)   Transfers
C)   Applies
D)   Limits
E)   SavesF) C) and E)
G) D) and E)

Question 14

"False discoveries" are a downside to the analysis of big data.

Accepted Answer

A) True 
 B)False

Question 15

This company approach is one in which facts are gathered and analyzed as the first step in decision making.

Accepted Answer

A)   Information-driven management
B)   Hierarchical structure
C)   Network structure
D)   Evidence-based management
E)   Social analyticsF) C) and D)
G) B) and C)

Question 16

________________ is hard to explain, hard to transfer, and highly personal to the source.

Accepted Answer

A)   Data
B)   Tacit knowledge
C)   Implicit knowledge
D)   Explicit knowledge
E)   InformationF) None of the above
G) D) and E)

Question 17

More human contribution goes into creating information than knowledge.

Accepted Answer

A) True 
 B)False

Question 18

All of the following are common elements of a BI system EXCEPT for:?

Accepted Answer

A)   Reporting
B)   Dashboards
C)   Querying
D)   Supply chain management
E)   ScorecardsF) B) and C)
G) None of the above

Question 19

Match the business analytic tool with the question it sets out to answer.

Accepted Answer

Why is this happening - statis...

Question 20

An organization's only sustainable competitive advantage lies in:

Accepted Answer

A)   The data warehouse.
B)   The creation of unrealistic expectations.
C)   The employees' knowledge and how they apply that knowledge to business problems.
D)   The use of business intelligence.
E)   The business processes.F) C) and E)
G) B) and D)

Exam 13: Business Intelligence Knowledge Management and Analytics

This is an ad-hoc codification system that manages tags for annotating and categorizing content.

Correct AnswerverifiedShow Answer

Data is more important than knowledge.

Correct AnswerverifiedShow Answer

The CEO-level sponsorship of and passion for analytics enabled firms like Caesars and Capital One to achieve the success they did.

Correct AnswerverifiedShow Answer

Match the business analytic tool with the question it sets out to answer.

Correct AnswerverifiedWhy is this happening - statis...View AnswerShow Answer

All of the following are common elements of a BI system EXCEPT for:?

Correct AnswerverifiedShow Answer

________________ is hard to explain, hard to transfer, and highly personal to the source.

Correct AnswerverifiedShow Answer

_______________ includes the movement from tacit knowledge to explicit knowledge.

Correct AnswerverifiedShow Answer

Identify the following actions as either using explicit knowledge or tacit knowledge.

Correct Answerverified1)Let's first understand both the concep...View AnswerShow Answer

List the four main processes of knowledge management. Which process is the most difficult to perform? Why? Matching

Correct AnswerverifiedProcess of knowledge managemen...View AnswerShow Answer

Match the analytical capabilities maturity level with the question it seeks to answer.

Correct AnswerverifiedShow Answer

Knowledge that has been identified, captured, and leveraged to produce higher-value goods or services or some other competitive advantage for the firm is called:

Correct AnswerverifiedShow Answer

Match the level of analytical capability to its maturity level. Level 1 is the lowest level of maturity and Level 5 is the highest level of maturity.

Correct AnswerverifiedShow Answer

"False discoveries" are a downside to the analysis of big data.

Correct AnswerverifiedShow Answer

Capital One found ________ in combination with business analytics to be a very low-cost way to design and develop new products and services for customers.

Correct AnswerverifiedShow Answer

Give examples of how Netflix takes advantage of business analytics, and what benefits they receive from doing so.

Correct AnswerverifiedNetflix uses data analytics to create co...View AnswerShow Answer

This company approach is one in which facts are gathered and analyzed as the first step in decision making.

Correct AnswerverifiedShow Answer

More human contribution goes into creating information than knowledge.

Correct AnswerverifiedShow Answer

An organization's only sustainable competitive advantage lies in:

Correct AnswerverifiedShow Answer

By utilizing business analytics, a company can learn which one of the following?

Correct AnswerverifiedShow Answer

Knowledge management is the process that generates, captures, codifies and __________ knowledge across an organization in order to achieve a competitive advantage.

Correct AnswerverifiedShow Answer

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Why is this happening - statis...
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1)Let's first understand both the concep...
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Process of knowledge managemen...
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Netflix uses data analytics to create co...
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