BIS POP QUIZ 2

What is the primary objective of Business Intelligence (BI)?

• 
  

• To increase data storage capacity

• To enable easy access to data and models for decision making

• To reduce the cost of IT infrastructure

• To improve internet speed

In what decade was the term Business Intelligence (BI) coined?

• 
  

• 1970s

• 1980s

• 1990s

• 2010s

Which of the following is a component of BI Architecture?

• 
  

• Data Analysis

• Data Storage

• Data Warehouse

• Data Transportation

Business Performance Management (BPM) within BI is used to:

• 
  

• Monitor and manage key performance indicators

• Increase social media presence

• Manage employee performance reviews

• Oversee financial transactions

What is the role of data visualization in BI?

• 
  

• To decrease data usage

• To represent data in visual formats for better understanding

• To store large amounts of data

• To encrypt sensitive data

What kind of analysis helps understand what happened historically in a business?

• 
  

• Operational

• Predictive

• Historical

• Prescriptive

Which department uses BI for keeping track of sales pipelines and forecasts?

• 
  

• Human Resources

• Sales

• Finance

• Operations

What is a primary challenge addressed by Business Intelligence systems?

• Too few data

• Data being too organized

• Rich data but poor information

• Overly efficient data processing

What does a data warehouse provide in a BI system?

• Real-time decision support

• Physical storage space for hardware

• Security services for data protection

• Personnel training for IT staff

Business analytics in BI helps transform data into:

• Financial gains

• Information and knowledge

• Marketing strategies

• Operational costs