Business Analyst

10/27/23, 5:04 PM TEST TWO: Attempt review
Dashboard My courses BUS327B_2023.... ASSESSMENTS TEST TWO
Started on Friday, 27 October 2023, 4:32 PM

State Finished
Completed on Friday, 27 October 2023, 5:19 PM
Time taken 47 mins 4 secs
Marks 27.00/30.00
Grade 9.00 out of 10.00 (90%)
Question 1
Correct
Mark 1.00 out of 1.00
Which decision model incorporates the process of optimization?
a. normative
b. prescriptive
c. none
d. predictive
e. descriptive
Your answer is correct.
The correct answer is:

prescriptive
https://lms.gimpa.edu.gh/mod/quiz/review.php?attempt=7394&cmid=4921 1/17
Question 2
Incorrect
Middle managers in operations:
a. determine product mix.
b. develop advertising plans. 
c. make pricing decisions.
d. none
e. develop staffing plans.
Your answer is incorrect.

develop staffing plans.
Question 3
Correct
When data are classified by the type of measurement scale, which is the strongest form of measurement?
a. interval
b. ratio
c. ordinal
d. none
e. norminal

ratio
Question 4
Correct
Identify the uncontrollable variable from the following inputs of a decision model.
a. machine capacities
b. none
c. staffing levels
d. investment returns
e. intercity distances

investment returns
Question 5
Correct
Which of the following is the mathematical model for deriving total cost of only
manufacturing?
a. TC = F + (C × Q)
b. TC = F + C
c. none
d. TC = VC + (C × Q)
e. TC = F + (V × Q)

TC = F + (V × Q)
Question 6
Correct
Decision variables:
a. none
b. are always uncertain.
c. cannot be directly controlled by the decision maker.
d. are assumed to be constant.
e. can be selected at the discretion of the decision maker.

can be selected at the discretion of the decision maker.
Question 7
Correct
Which of the following is the mathematical model for deriving the break-even volume?
a. none
b. Q = (V + C) / F
c. Q = (C - VC) + F
d. Q = F / (VC - C)
e. Q = F / (C -V)

Q = F / (C -V)
Question 8
Correct
Which of the following inputs of a decision model is an example of data?
a. inflation rates
b. costs
c. None
d. investment allocations
e. estimated consumer demand

costs
Question 9
Correct
When will a company use a predictive decision model?
a. when it wishes to know sales patterns to plan inventory levels
b. when it wishes to ensure that a specified level of customer service is achieved
c. when it wishes to determine the best product pricing to maximize revenue
d. when it wishes to know how best to use advertising strategies to influence sales

when it wishes to know sales patterns to plan inventory levels
Question 10
Incorrect
Which of the following is the mathematical model for deriving total cost of only
outsourcing?
a. TC = (VC + F) x Q
b. TC = F + (C x Q)
c. TC = (V + C) x Q
d. TC = Q x C
e. none 

TC = Q x C
Question 11
Correct
The ________ reflects the opportunity costs of spending funds now versus achieving a return through another
investment, as well as the risks associated with not receiving returns until a later time.
a. accounting rate of return
b. payback period
c. modified internal rate of return
d. none
e. discount rate

discount rate
Question 12
Correct
If a dollar sign is used before the column label B4 ($B4), how will the formula at B10 be represented in C11 using
absolute addressing?
a. none
b. $C5-C6*A10
c. $B5-C6*B11
d. $B4-C5*B11
e. $A5-C6*B11

$B5-C6*B11
Question 13
Correct
If a dollar sign is used after the column in B5 (B$5), how will the formula at B8 be represented in C9 using absolute
addressing?
a. C5-C$6*C9
b. C5-C$5*B9
c. C5-C$6*B9
d. C3-B$5*C9

C5-C$5*B9
Question 14
Correct
Which of the following is a difference between relative addressing and absolute addressing when using cell
formulas in Excel?
a. A relative address uses a dollar sign before either the row or column label; an absolute
address uses the ampersand symbol before either the row or column label.
b. A relative address uses a dollar sign before either the row or column label; an absolute
address uses just the row and column label in the cell reference.
c. A relative address uses just the row and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
d. none
e. A relative address uses only the column label in the cell reference; an absolute address uses
the row.

A relative address uses just the row and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
Question 15
Correct
For which of the following MATCH functions must the values in the lookup_array be ordered in a descending
order?
a. When match_type = -1
b. When match_type = 1
c. none
d. When match_type >1
e. When match_type = 0

When match_type = -1
Question 16
Correct
Which of the following charts provides a useful means for displaying data over time?
a. Line chart
b. A doughnut chart
c. none
d. Pie chart
e. Scatter chart

Line chart
Question 17
Correct
Roger wants to compare values across categories using vertical rectangles. Which of the
following charts must Roger use?
a. none
b. Line chart
c. Stacked column chart
d. Clustered column chart
e. Pie chart

Clustered column chart
Question 18
Correct
To select a chart type in Excel from the Charts group, which tab has to be accessed?
a. Insert tab
b. Design tab
c. Format tab
d. Layout tab
e. none

Insert tab
Question 19
Correct
Howard has screened some employee details out of the employee database for tax computation purposes. In
order to restore the original data file, Howard must:
a. none
b. click Unmerge cells.
c. click Clear filter from Item Description.
d. click Clear outline from Ungroup.
e. click Sort Newest to Oldest.

click Clear filter from Item Description.
Question 20
Correct
The sort buttons in Excel can be found under:
a. none
b. the Home tab in the Styles group.

c. the Data tab in the Sort & Filter group.
d. the Sort tab in the Filter group.
e. the Insert tab in the Sort group.

the Data tab in the Sort & Filter group.
Question 21
Correct
Which of the following is an example of a subset?
a. The number of members in the Democratic Party
b. The number of IT employees out of all employees working in an office of Google
c. The population of Canada
d. The number of individuals who have a Ford car
e. none

The number of IT employees out of all employees working in an office of Google
Question 22
Correct
Calculate the coefficient of variation from the following data:

z-score = 1.32; standard deviation = 0.173; mean = 4.7; total variation = 0.6
a. -0.5
b. none
c. 156.66
d. 27.16
e. 0.04

0.04
Question 23
Correct
fx
Which of the following cases require the mean of a sample to be calculated using the formula x̄ =
N
where N
represents the sample size?
a. the sample has no mode value
b. the coefficient of skewness is 1 or less than -1
c. there is direct access to the raw data
d. none
e. sample data are grouped in a frequency distribution

sample data are grouped in a frequency distribution
Question 24
Correct
A z-score of 1.0 means that ________.
a. the observation is -1.0 standard deviation to the right of the mean
b. the observation is 1.0 standard deviation to the right of the mean
c. the observation is -1.0 standard deviation to the left of the mean
d. the observation has no deviation from the mean
e. none

the observation is 1.0 standard deviation to the right of the mean
Question 25
Incorrect
Which of the following is true of variance?
a. It only requires the middle 50% of data to be calculated.
b. Its value is inversely proportional to the degree to which the data is spread from the mean. 
c. The formula to calculate variance of a population is not the same as the formula to calculate
variance of a sample.
d. none
e. It is the square root of standard deviation.

The formula to calculate variance of a population is not the same as the formula to calculate
variance of a sample.
Question 26
Correct
________ is a measure of the linear association between two variables, X and Y.
a. Covariance
b. Skewness
c. Proportion
d. Kurtosis
e. none

Covariance
Question 27
Correct
Which of the following types of conditions is most likely to render a midrange value useless?
a. none
b. having extreme values in a data
c. having a small sample size
d. having repetitious values in the data set
e. having the data arranged from least to greatest in value

having extreme values in a data
Question 28
Correct
One of the measures of location is calculated as 88. Which of the following measures of location corresponds to
this value?
a. median
b. none
c. mean
d. mode
e. midrange

mode
Question 29
Correct
Which of the following is an example of a measure of dispersion?
a. variance
b. midrange
c. median
d. mode
e. none

variance
Question 30
Correct
Which of the following is true for a median?
a. For an even number of observations, the median is the mean of the two middle numbers.
b. Medians are affected by outliers.

c. A median is only meaningful for interval or ordinal data and not for ratio data.
d. none
e. Medians can be calculated no matter how the data is arranged.

For an even number of observations, the median is the mean of the two middle numbers.
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10/27/23, 5:04 PM TEST TWO: Attempt review

Dashboard My courses BUS327B_2023.... ASSESSMENTS TEST TWO

Started on Friday, 27 October 2023, 4:32 PM

Mark 1.00 out of 1.00

Which decision model incorporates the process of optimization?

Your answer is correct.

The correct answer is:

Mark 0.00 out of 1.00

Middle managers in operations:

a. determine product mix.

b. develop advertising plans. 

c. make pricing decisions.

e. develop staffing plans.

Your answer is incorrect.

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

b. are always uncertain.

c. cannot be directly controlled by the decision maker.

d. are assumed to be constant.

e. can be selected at the discretion of the decision maker.

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Which of the following inputs of a decision model is an example of data?

e. estimated consumer demand

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

When will a company use a predictive decision model?

a. when it wishes to know sales patterns to plan inventory levels

b. when it wishes to ensure that a specified level of customer service is achieved

c. when it wishes to determine the best product pricing to maximize revenue

Your answer is correct.

Mark 0.00 out of 1.00

Your answer is incorrect.

Mark 1.00 out of 1.00

a. accounting rate of return

c. modified internal rate of return

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.

The correct answer is:

Mark 1.00 out of 1.00

Your answer is correct.