Chapter 1

Which department manages the process of converting or transforming resources into goods or services?

consists of all parties involved, directly or indirectly, in obtaining raw materials or a product.

What are material items or products that customers will buy to satisfy a want or need?

What are prescriptive analytics?

Which of the following evaluates a project’s position?

What is the rate at which goods and services are produced based upon total output given total inputs?

Which of the following is useful for determining how to create the greatest possible value for customers?

views a firm as a series of business processes that each adds value to the product or service.

Strengths would be categorized as ________ in a typical SWOT analysis.

In terms of big data, what includes the uncertainty of data, including biases, noise, and abnormalities?

What is data created by a machine without human intervention?

 What does MIS stand for?

high when there are many alternatives to a product/service & low when there are few alternatives from which to choose.

costs that make customers reluctant to switch to another product or service.

Which of the following terms is synonymous with business analytics?

If you were thinking about a washing machine as a system, which of the following represents the outputs?

a world where interconnected, Internet-enabled devices or “things” can collect & share data without human intervention.

What is info collected from multiple sources that analyze patterns, trends & relationships for strategic decision making

Which data type has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?

Which of the following definitions represents a data scientist?

Which data types are typically found in the human resources department?

What is the ability for data to be collected, analyzed, and accessible to all users (the average end user)?

Group of stakeholder’s primary interests adhering to regulations/laws, increasing employment, & ethical tax reporting

Which of the following describes how a company can reduce the threat of substitute products or services?

Which of the following refers to a smart watch automatically sending heartbeat information to a smart phone?

A __ advantage is a feature of a product or service on which customers place a greater value than on similar offerings

What is the confirmation or validation of an event or object?

the suppliers’ ability to influence the prices they charge for supplies (including materials, labor, and services).

World where interconnected Internet-enabled "things" have the ability to collect & share data without human intervention

___________Blank used technology to revamp the business process of streaming movies.

Which data types are typically found in the marketing department?

Identifying competitive advantages can be difficult, which explains why they are typically

Who is responsible for ensuring the security of systems & developing strategies & safeguards against attacks by hackers

is a standardized set of activities that accomplishes a specific task.

When evaluating the value chain, all of the following are included in the primary value activities except

Which of the following statements is correct when considering a SWOT analysis?

In terms of big data, what is variety?

What is a collection of large, complex datasets, which cannot be analyzed using traditional database methods and tools?