University of Central Florida (UCF) GEB4522 Data Driven Decision Making Final Exam Practice

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• What kind of data is represented by temperature?
• Which of the following can you change on a graph that has already been created?
• True or False: Survey best practices recommend breaking down complicated questions into multiple survey questions.
• Which of these approaches to obtaining and retaining high quality data is likely the most expensive?
• Viewing a problem "through a different lens" is least likely accomplished by looking at the problem:
• The 3rd quartile of a set of data is the value for which:
• Which type of survey question is designed to determine how likely someone is to recommend a product?
• Which statement about data types is true regarding weather data?
• Which aspect of data is most related to the speed at which it can be accessed after collection?
• True or False: Employees can manipulate both quantitative and qualitative data of a company.
• What can be a result of focusing on unimportant data during analysis?
• Data are considered relevant if they:
• An example of a sample that is too small would be:
• When comparing the mean with the median, which of the following is true in a skewed distribution?
• Which analysis method would best assess multiple attributes for a decision?
• Which of these is true regarding correlation?
• Which of the following is least likely a problem with an organization's KPIs?
• Which of these is not a required characteristic of an effective persuasive essay?
• The "sandwich technique" is used to...
• Which of the following is not true regarding linear regression?
• Which of the following is NOT a strong use of demographic survey questions?
• What is typically the first step in the decision-making process?
• Which is the best graph to show a trend?
• Which of the following graphs is least effective for displaying categorical data?
• In decision-making, what role does data analysis play?
• Suppose we are using a KPI that is continuously updated. A question we must most likely ask is:
• What is the primary characteristic of nominal data?
• What is often a key outcome of effective benchmarking?
• Which of the following is not among the "6 M's" that are sometimes used in a fishbone diagram?
• Which of the following best describes SWOT analysis?
• Which data type involves a true zero point and allows for meaningful ratios?
• True or False: A cover letter is only used for a resume.
• True or False: Excel can create graphs using more than one y-axis.
• Which of these is NOT true about a bar chart?
• In the context of regression, what is a residual?
• A good problem statement should do all of the following except:
• Which factor is an essential consideration for ensuring data security?
• In a fishbone diagram, the head contains the:
• Which of the following is not a benefit of benchmarking?
• Which of the following is not a challenge of using historical data to forecast future performance?
• Asking "the question behind the question" is most likely related to what?
• Which of these is most likely a difference between a feasibility report and an internal proposal?
• Integrity means having a ____________ character that is demonstrated by an alignment of your thoughts, words, and actions.
• Which of these is least likely a characteristic of a good KPI?
• Which of the following is a common element of both feasibility reports and internal proposals?
• What is an advantage of standard deviation in comparison to variance?
• Which is a graphical presentation and which is developed first?
• True or False: There are drawbacks of a business behaving ethically.
• What is the primary meaning of data accuracy?
• What type of critical thinking ties analysis to problems and estimates benefits?
• Height and weight are examples of what type of data?
• When is an executive summary typically written?
• Which feature is characteristic of qualitative data collection?
• A rating scale would be an example of what type of data?
• We develop an experiment in which we measure how quickly a pot of water boils based on the heat setting on the stove and the amount of salt we add to the pot. In this experiment:
• True or False: You should know your goal and identify your audience before you start to write.
• True or False: You can be an ethical executive and only share partial truths as long as it is in the best interest of the shareholders.
• The 80/20 rule-of-thumb most likely reminds us to solve problems that:
• What is the primary purpose of using a legend on a graph?
• Which statement is true about the x-axis of a balanced scorecard?
• Which of the following is most indicative of a successful persuasive argument?
• For which of the following are ratios not regularly used for comparison?
• What does the acronym KPI stand for in the context of a balanced scorecard?
• For a given set of data, which of these is always the largest?
• Which of the following best describes a scatter plot?
• An associated independent and dependent variable are most commonly graphed as a:
• In which type of data does a higher number not mean something more than a lower number?
• According to the Pareto Principle, 80% of the results come from what percentage of the group?
• What is the main purpose of using demographic survey questions?
• What measure of central tendency could be used to analyze the "type" data in an inventory list?
• What is a simple method to weigh pros and cons?
• What do KPIs primarily measure?
• High-quality data should primarily be:
• Which of these situations would most likely raise concerns about data completeness?
• At which level of questioning is the true root cause of an issue generally discovered?
• Which of the following should most likely be included in a problem statement?
• If, on average, more umbrella sales occur on days with more rainfall, then the strongest statement we can make is:
• Which of the following is least likely a characteristic of a KPI?
• Which decision-making tool scores based on factors affecting the decision?
• Which of these is least likely an internal proposal?
• Which of the following is true about the "5 whys" approach?
• Which of the following is a leading indicator?
• A decision to radically alter a business' salary structure is most likely an example of a:
• What can result from using outdated data in analyses?
• What is a primary purpose of implementing KPIs in an organization?
• What is the purpose of the 'A' in the AIDA model of communication?
• The "5 whys" is most likely a tool designed to help determine a problem's:
• Which of the following best describes the strength of qualitative research?
• Which option will help address data limitations?
• What should be included in your executive summary?
• What is a key advantage of using a moving average rather than raw data?
• True or False: All of us as individuals have a different moral compass.
• In order to effectively consider the implications of a proposed solution to a problem prior to implementation, one should ask if:
• Which of the following measures would you use to describe the most frequently occurring data?
• Which of the following is NOT a characteristic of effective KPIs?
• Which approach is more likely to facilitate the discovery of unexpected insights?
• What is not considered when evaluating benchmarking data?
• Which decision-making tool is best for prioritizing multiple decisions?
• What type of analysis is NOT typically qualitative?
• Which of the following is least likely found in each row of a balanced scorecard?
• Which term is used to describe the vertical axis on a graph?
• True or False: Qualitative research should be reported as percentages.
• A company keeps two sets of data regarding its customers. The first is maintained by the accountant and contains each customer's billing, credit, and payment information, identified by federal tax id. The second records monthly sales using a customer number assigned by the sales staff. It is difficult to match information between the two systems. This is an example of a:
• What is a potential drawback of not using benchmarking?
• Which of the following is most accurate to describe writing letters and writing e-mail?
• Which of the following is not among the "6 P's" that are sometimes used in a fishbone diagram?
• A survey question that forces users to make a choice between two answers is a ____________ survey question.
• Which measure of central tendency is defined as the value for which half the observations are higher and half are lower?
• Is a sales increase of 5% always considered good?
• Which of the following is most likely a benefit of defining a table and using it in an equation or function?
• What does benchmarking primarily involve?
• Which of these is a coefficient estimated by a linear regression?
• True or False: The 80/20 rule is also known as the "Pareto Principle".
• Which measure of central tendency is most affected by outliers?
• Which of the following best describes a common challenge in data interpretation?
• The fishbone diagram is also known as the:
• In the AIDA approach to designing an effective persuasive message, the D stands for:
• In analyzing data, what is the role of the y-axis?
• True or False: Analyzing qualitative data involves looking for emerging themes in the responses.
• Which option can be included on the y-axis of a balance scorecard?
• The relationship between correlation and causation is best summarized as:
• The "7 so whats" approach is most likely designed to help determine:
• Which is more useful, a legend or data labels?
• Gender, hair color, and eye color are examples of what type of data?
• From a client viewpoint, high quality data is data that: