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Questions and Answers
Which of the following best describes business analysis?
Which of the following best describes business analysis?
- A set of tasks and activities that help companies meet their objectives (correct)
- A process that reviews operations to ensure business growth and development
- A tool for identifying and overcoming challenges
- A method for articulating and meeting business goals
What is the goal of business analysis?
What is the goal of business analysis?
- To understand how companies work
- To recognize and take advantage of opportunities
- To enable companies to reach their potential
- To articulate and meet goals (correct)
According to the Business Analysis Body of Knowledge (BABOK) version 3, what does business analysis entail?
According to the Business Analysis Body of Knowledge (BABOK) version 3, what does business analysis entail?
- Enabling companies to reach their potential
- Recognizing and taking advantage of opportunities
- Understanding how companies work
- Identifying and overcoming challenges (correct)
What does the acronym BABOK stand for?
What does the acronym BABOK stand for?
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What is the purpose of business analysis?
What is the purpose of business analysis?
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Study Notes
Business Analysis
- Business analysis is the practice of enabling change in an organization by identifying needs and opportunities for improvement, and proposing solutions to meet those needs.
Goals and Purpose
- The primary goal of business analysis is to identify business needs and opportunities, and to propose solutions to meet those needs.
- The purpose of business analysis is to enable change in an organization by identifying needs and opportunities for improvement.
BABOK Definition
- According to the Business Analysis Body of Knowledge (BABOK) version 3, business analysis entails understanding business needs and identifying solutions.
- BABOK stands for Business Analysis Body of Knowledge.
Key Concepts
- Business analysis involves identifying business needs and opportunities, and proposing solutions to meet those needs.
- It enables change in an organization by identifying needs and opportunities for improvement.
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Description
Test your knowledge on business analysis with this quiz! Learn about the tasks and activities involved in reviewing operations and ensuring business growth and development.
