CH_5-7_Data Sources and Analysis

CH_5-7_Data Sources and Analysis

University

10 Qs

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CH_5-7_Data Sources and Analysis

CH_5-7_Data Sources and Analysis

Assessment

Quiz

Education

University

Practice Problem

Easy

Created by

Krisztian Szucs

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of transactional data?

Customer email preferences

Sales invoices and payment records

Marketing campaign strategies

Employee training records

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of internal data?

Social media trends

Employee payroll records

Government reports

Competitor pricing data

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of data do companies get from external sources?

Customer transactions

Supplier contracts

Market research reports

Employee performance reviews

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one key risk of using internal data?

High costs associated with accessing it

Potential biases and limited scope

Lack of security and reliability

Inability to use it for business decisions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common issue with external data?

It is always outdated

It may be expensive and inconsistent

It is more reliable than internal data

It does not require validation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of descriptive analytics?

Predict future trends

Summarize and explore data

Automate decision-making

Optimize business processes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does predictive analytics focus on?

Generating financial reports

Identifying historical trends

Forecasting future outcomes

Recommending optimal decisions

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