
CBMEC 109 - Business Analytics Midterm Exam
Quiz
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Financial Education
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University
•
Practice Problem
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Easy
Rommel Sario
Used 1+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the primary goal of Business Analytics?
To collect as much data as possible
To analyze data and support decision-making
To replace human decision-making entirely
To store data efficiently
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT one of the 4 Vs of Big Data?
Volume
Variety
Visibility
Velocity
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does 'Volume' in Big Data refer to?
The diversity of data types
The speed at which data is generated
The amount of data being processed
The accuracy of data
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which component of Business Analytics focuses on identifying trends and insights from historical data?
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does 'Variety' in Big Data represent?
The speed at which data is generated
Different types of data (structured, semi-structured, unstructured)
The number of data sources
The reliability of data
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Predictive Analytics is primarily used for:
Summarizing past events
Determining the root causes of problems
Forecasting future trends and outcomes
Automating business decisions
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an example of structured data?
Customer reviews on a website
Video recordings of customer interactions
A database of customer names and purchase history
Social media posts
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