Business Analytics MCQs

Business Analytics is primarily used to:

• Design logos

• Play games

• Analyze data to support decision-making

• Send emails

Which of the following best defines Business Analytics?

• Predicting stock values using astrology

• Applying math and statistics to data for business decision-making

• Randomly collecting customer data

• Designing business cards

Which of the following is NOT a core component of Business Analytics?

• Data Aggregation

• Data Mining

• Advertising

• Data Visualization

What component of Business Analytics involves identifying patterns in large datasets?

• Data Entry

• Data Mining

• Data Cleaning

• Data Formatting

Which component helps turn complex data into visual formats like graphs and charts?

• Data Modeling

• Data Mining

• Data Visualization

• Data Collection

Which type of Business Analytics answers "What happened?"

• Predictive Analytics

• Descriptive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

Which analytics method is used to forecast future trends?

• Descriptive

• Diagnostic

• Predictive

• None of the above

Prescriptive Analytics helps in:

• Storing data

• Describing past performance

• Suggesting actions and decision-making

• Sorting raw data

Which is a major benefit of Business Analytics?

• Reducing work hours

• Improving decision-making

• Promoting TV ads

• Reducing website visits

Business Analytics improves business performance by:

• Guessing trends

• Making random decisions

• Using data-driven insights

• Firing employees