Homework Answers
Ans: False
Reason:Data analytics refers to a program which is used to collect vast amounts of information and change it into practical understanding to draw conclusions about the information they contain. Through this ability of the program to interpret data, most business organizations use the program to understand their data and transform their data into practical information; hence, this enhances their decision-making process. A data analytic tool transforms raw data into significant information such as the target of customers, the performance of activities and competitive advantages. Effective decisions can enhance the operations of business.
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Data analytics refers to using management theories to make good business decisions. True O False
True or false: Managerial finance helps managers make decisions related to cash management, capital investments, and...
True or false: Managerial finance helps managers make decisions related to cash management, capital investments, and risk reduction?
Data capture for Demand Management must be limited to sales (or demand). O True False
Data capture for Demand Management must be limited to sales (or demand). O True False
Leaders are challenged to make high stakes decisions that effect business results. Good Leaders use reason...
Leaders are challenged to make high stakes decisions that effect business results. Good Leaders use reason and emotion to make decisions that impact employees and customers and often establish the ethical atmosphere of the organization. What does it take for leaders to make sound and ethical business decisions.
True or False: Rational managers will always make decisions that are in the best interest of...
True or False: Rational managers will always make decisions that are in the best interest of the organization employing them. True or False: It is important to not consider an organization's compensation and reward system when designing its performance evaluation system.
"Garbage in, garbage out" refers to. O a model that predicts people's behavior O using inaccurate...
"Garbage in, garbage out" refers to. O a model that predicts people's behavior O using inaccurate data O creating a model that is not transparent O relying solely on a data analytics model to predict
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
Define cognitive analytics. Determine 3 different business scenarios where an exploratory data analysis using cognitive analytics...
Define cognitive analytics. Determine 3 different business scenarios where an exploratory data analysis using cognitive analytics might be helpful. Using the different scenarios, determine internal data that might be useful in better understanding the relationship between the company and customers
to customers refers to actions taken to meet the demands and needs of customers. True False...
to customers refers to actions taken to meet the demands and needs of customers. True False have customers, but not-for-profit organizations do not have customers. True False Management experts recommend that an organization define its business in terms of the products it is producing, and not in terms of the customer needs that it is attempting to satisfy True False Customers prefer products htreasfar as possible, customized to their unique needs. True False Attributes of an organization's outputs -their quality,...
Elasticity refers to the time it takes for a market to achieve equilibrium. O True False
Elasticity refers to the time it takes for a market to achieve equilibrium. O True False
Which of the following terms refers to examining mostly internal, structured, historical data to see what...
Which of the following terms refers to examining mostly internal, structured, historical data to see what has happened? Business Intelligence Business Analytics Performance Management Predictive Modeling
Data capture for Demand Management must be limited to sales (or demand). O True False
"Garbage in, garbage out" refers to. O a model that predicts people's behavior O using inaccurate data O creating a model that is not transparent O relying solely on a data analytics model to predict
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
to customers refers to actions taken to meet the demands and needs of customers. True False have customers, but not-for-profit organizations do not have customers. True False Management experts recommend that an organization define its business in terms of the products it is producing, and not in terms of the customer needs that it is attempting to satisfy True False Customers prefer products htreasfar as possible, customized to their unique needs. True False Attributes of an organization's outputs -their quality,...
Elasticity refers to the time it takes for a market to achieve equilibrium. O True False
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