Types of Business Reports

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Questions and Answers

Which type of analytical decision support is concerned with finding an optimum value for selected variables, given certain constraints?

  • Sensitivity analysis
  • Goal-seeking analysis
  • What-if analysis
  • Optimization analysis (correct)

What is the process of examining big data to uncover hidden patterns, unknown correlations, market trends, and other useful information called?

  • Data mining
  • Big data analytics (correct)
  • Geographical information system
  • Online Analytical Processing

Which type of MIS report provides a summary of important data that is regularly updated and can be accessed on demand?

  • Dashboards
  • Executive dashboard (correct)
  • Key performance indicator (KPI) report
  • Ad hoc report

What is the process of consolidating, drilling down, slicing, and dicing data in a data warehouse called?

<p>Online Analytical Processing (D)</p> Signup and view all the answers

Which type of analytical decision support involves observing how changes to selected variables affect other variables?

<p>What-if analysis (C)</p> Signup and view all the answers

Which type of decision support system is used for making repeated changes to selected variables until a chosen variable reaches a target value?

<p>Goal-seeking analysis (A)</p> Signup and view all the answers

Which term refers to the integrated use of geographical information with business data and models?

<p>Geographical information system (B)</p> Signup and view all the answers

Which type of DSS uses data mining and machine learning techniques to extract knowledge from large databases?

<p>Data mining (B)</p> Signup and view all the answers

Which of the following is not one of the five Vs of big data?

<p>Veracity (C)</p> Signup and view all the answers

What is the process of reducing a large set of data into a smaller set of meaningful attributes called?

<p>Data reduction (A)</p> Signup and view all the answers

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