Busn 5000 Cornwell UGA Midterm Questions and Answers | Latest Update | 2024/2025 | Already Passed
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Busn 5000 Cornwell UGA
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Busn 5000 Cornwell UGA
Busn 5000 Cornwell UGA Midterm
Questions and Answers | Latest Update |
2024/2025 | Already Passed
What is the role of data in decision-making within a business?
Data provides insights and evidence that help inform and guide strategic decisions and
operational actions.
How does data ana...
Busn 5000 Cornwell UGA Midterm
Questions and Answers | Latest Update |
2024/2025 | Already Passed
What is the role of data in decision-making within a business?
✔✔ Data provides insights and evidence that help inform and guide strategic decisions and
operational actions.
How does data analysis contribute to identifying business trends?
✔✔ Data analysis helps to uncover patterns and trends that can inform strategic planning and
forecasting.
What is the difference between structured and unstructured data?
✔✔ Structured data is organized in a predefined format, such as databases or spreadsheets, while
unstructured data is raw and lacks a specific format, such as text or multimedia content.
How can businesses use data to enhance customer experience?
✔✔ By analyzing customer data, businesses can personalize interactions, improve service, and
tailor offerings to better meet customer needs.
1
,What is data mining, and how is it used in business?
✔✔ Data mining involves analyzing large datasets to discover patterns, correlations, and insights
that can inform business strategies and decisions.
What is the significance of data integrity in a business environment?
✔✔ Data integrity ensures the accuracy, consistency, and reliability of data, which is crucial for
making informed decisions and maintaining trust.
How does data visualization aid in understanding complex datasets?
✔✔ Data visualization uses graphical representations, such as charts and graphs, to make
complex data more accessible and easier to interpret.
What is the role of big data in modern business practices?
✔✔ Big data allows businesses to analyze vast amounts of information to gain deeper insights,
improve decision-making, and drive innovation.
How do businesses ensure data privacy and security?
✔✔ Businesses implement measures such as encryption, access controls, and regular audits to
protect data from unauthorized access and breaches.
2
, What are key performance indicators (KPIs), and how are they used?
✔✔ KPIs are measurable values that track the effectiveness of various business activities and
help assess progress towards strategic objectives.
What is the purpose of collecting data in business?
✔✔ To gain insights that help inform decisions and strategies.
How does data help businesses understand their customers better?
✔✔ By analyzing customer data, businesses can identify preferences and behavior patterns.
What does data analysis involve?
✔✔ Examining and interpreting data to extract useful information.
What is an example of structured data?
✔✔ Data stored in a spreadsheet with clearly defined rows and columns.
What is an example of unstructured data?
3
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