Test Bank For Business Analytics Combining data, analysis and judgement to inform decisions Mary Ellen Gordon
Chapter 1-10 Chapter 1: How data and analytics can enhance human decision-making in organizations Pool 1 1. Which of the following is a question that could be answered with analytics? a. Should we raise our prices? b. Is it fair to charge more than some people who need our product can afford? c. What proportion of our customers are likely to stop buying our product if we raise the price? d. If sustainability initiatives increase our costs, should we pass on those increases to our customers? Ans: C
2. Which of the following is a question that could be answered with analytics? a. On average, do our employees who are men have higher salaries than our employees who are not? b. Should we take experience into account in setting pay rates or only skills? c. Is it fair that some of our employees make much more than others? d. Should we take diversity into account when making hiring decisions? Ans: A
3. Which of the following is a question that could be answered with analytics? a. Should we favour local suppliers in our procurement? b. Does the proportion of deliveries that arrive later than expected vary by supplier?