1.
As a business analyst, which of these will be beneficial?
Correct Answer
B. Economics
Explanation
Economics will be beneficial for a business analyst because it provides a framework for understanding how markets function, the principles of supply and demand, and the factors that influence business decisions. It helps the analyst analyze and interpret economic data, forecast market trends, and make informed recommendations for business strategies. Additionally, economics provides insights into consumer behavior, pricing strategies, cost analysis, and financial management, all of which are essential skills for a business analyst in order to effectively assess and improve business performance.
2.
What does ERD mean?
Correct Answer
B. Entity Relationship Diagram
Explanation
ERD stands for Entity Relationship Diagram. It is a visual representation of the relationships between different entities in a database. An ERD helps to understand the structure of a database by showing how different entities are related to each other through relationships. It uses symbols and lines to represent entities, attributes, and relationships, making it easier to design and communicate the database structure.
3.
What is the movement of information or material from one activity or worksite to another?
Correct Answer
A. Workflow
Explanation
Workflow refers to the movement of information or material from one activity or worksite to another. It involves the coordination and sequencing of tasks or processes to ensure smooth and efficient progress. Workflow management systems are used to automate and streamline these processes, enabling better communication, collaboration, and productivity within an organization.
4.
What does BPR mean?
Correct Answer
C. Business Process Re-engineering
Explanation
Business Process Re-engineering (BPR) refers to the fundamental rethinking and redesign of business processes to achieve significant improvements in performance, efficiency, and effectiveness. It involves analyzing and redesigning workflows, systems, and structures within an organization to streamline operations and enhance productivity. BPR aims to eliminate unnecessary steps, reduce costs, and enhance customer satisfaction by implementing radical changes to existing processes.
5.
What will employees and systems use to perform their functions?
Correct Answer
B. Knowledge management
Explanation
Employees and systems will use knowledge management to perform their functions. Knowledge management involves the process of capturing, organizing, and sharing knowledge within an organization to enhance decision-making, problem-solving, and overall performance. It helps employees access relevant information and expertise, collaborate effectively, and learn from past experiences. By utilizing knowledge management, employees and systems can leverage the collective knowledge and expertise within the organization to improve productivity and achieve organizational goals.
6.
Which of these is not an advantage of Online Survey?
Correct Answer
C. Too fast
Explanation
Online surveys are known for their advantages such as ease of access, minimal cost, and no problem of distance. However, the statement "Too fast" does not align with the advantages of online surveys. While online surveys are efficient and can reach a large number of respondents quickly, the speed at which they are conducted is not necessarily considered an advantage. It is important for surveys to allow respondents enough time to provide thoughtful and accurate responses.
7.
Examples of survey includes?
Correct Answer
A. Closed and open
Explanation
The correct answer is "Closed and open." This refers to the types of survey questions that can be asked. Closed-ended questions have a limited set of response options, such as multiple choice or yes/no, while open-ended questions allow respondents to provide their own answers in their own words. Both types of questions are commonly used in surveys to gather different types of information and insights from respondents.
8.
What is a list of all things that need to be done within the project?
Correct Answer
D. Product backlog
Explanation
The product backlog is a list of all the tasks, features, and requirements that need to be completed within a project. It serves as a prioritized guide for the development team and helps to ensure that all necessary work is identified and completed. The product backlog is continuously updated and refined throughout the project as new requirements emerge or priorities change. It is an essential tool for project management and helps to keep the team focused and on track towards project completion.
9.
What method is used assessment or evaluation of a prospective vendor?
Correct Answer
C. Vendor Assessment Technique
Explanation
Vendor Assessment Technique is the correct answer because it refers to the method used for assessing or evaluating a prospective vendor. This technique involves evaluating various aspects of the vendor such as their capabilities, experience, financial stability, reputation, and compliance with regulations. It helps in determining whether the vendor is suitable and reliable for a particular business or project.
10.
What method will be used to identify internal strengths and weaknesses of a company?
Correct Answer
C. SWOT analysis
Explanation
SWOT analysis is a method used to identify internal strengths and weaknesses of a company. It involves evaluating the company's internal factors such as its resources, capabilities, and competitive advantages to determine its strengths. Additionally, it assesses the company's areas of improvement, limitations, and vulnerabilities to identify its weaknesses. SWOT analysis helps businesses gain a comprehensive understanding of their internal environment, enabling them to make informed decisions and develop effective strategies to capitalize on strengths and address weaknesses.