Business Analytics Quiz

Questions and Answers

Measuring past performance and guiding business planning

Focus on prediction and prescription

Analytical modeling and numerical analysis

It measures past performance and guides business planning Signup and view all the answers

It may be used as input for human decisions or may drive fully automated decisions Signup and view all the answers

Comparing the value of money at different points in time Signup and view all the answers

Determining the current worth of future cash flows Signup and view all the answers

It guides investment and financing decisions by adjusting for the time factor Signup and view all the answers

Study Notes

The primary focus of business intelligence is to provide historical and current data to support decision-making.
Business analytics is distinguished from business intelligence as it focuses on predicting future outcomes and prescribing actions to achieve desired results.
Business analytics extensively uses statistical and mathematical models to drive decision-making.

Business intelligence is closely related to business performance, as it provides insights to improve operational efficiency and strategic planning.
Analytics plays a crucial role in decision-making by providing data-driven insights to support informed decisions.

The time value of money concept in corporate finance primarily focuses on the idea that a dollar received today is worth more than a dollar received in the future.
The present value of money is significant in corporate finance, as it allows for the comparison of future cash flows to their current value.
The time value of money plays a critical role in corporate financial decision-making, as it helps evaluate investment opportunities and determine the feasibility of projects.