ANALYTICAL APPTITUDE

Question 1

T/F
Data-driven decision-making (DDM) reduces uncertainty by relying on objective, quantitative analysis.

Answer 1

TRUE

Question 2

T/F
The SMART framework used in DDM stands for Specific, Measurable, Actionable, Realistic, and Time-sensitive

Answer 2

False — SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound.

Question 3

T/F
Data visualization is mainly used to clean and validate collected data before analysis.

Answer 3

False — Data visualization is used to graphically represent insights and trends for easier interpretation.

Question 4

T/F
Prescriptive analytics recommends specific actions based on predictive data analysis.

Answer 4

TRUE

Question 5

T/F
The fifth and final step of DDM is identifying reliable data sources.

Answer 5

False — The fifth step is decision-making, not data source identification.

Question 6

T/F
Big data has made it easier for companies to adapt quickly to market changes.

Answer 6

TRUE

Question 7

❓What is the first step in the data-driven decision-making process?
A. Data analysis
B. Identifying business objectives
C. Collecting internal and external data
D. Creating visual reports

Answer 7

B. Identifying business objectives

Question 8

❓Which of the following tools is commonly used for data visualization?
A. Python
B. Excel
C. Tableau
D. R

Answer 8

C. Tableau

Question 9

❓What type of analysis uses past data to summarize what has already happened?
A. Inferential
B. Descriptive
C. Predictive
D. Prescriptive

Answer 9

B. Descriptive

Question 10

❓Which of the following is NOT a benefit of data-driven decision-making?
A. Increased reliance on intuition
B. Reduction of uncertainty
C. More informed decisions
D. Identification of trends and patterns

Answer 10

A. Increased reliance on intuition

Question 11

❓Which company is cited as using real-time data to manage its supply chain efficiently?
A. Walmart
B. Apple
C. Amazon
D. Google

Answer 11

C. Amazon

Question 12

❓What ensures the quality and integrity of collected data?
A. Decision reports
B. Data visualization
C. Data quality protocols
D. External consultants

Answer 12

C. Data quality protocols

Question 13

❓Which type of analysis provides future recommendations based on predictions?
A. Descriptive
B. Prescriptive
C. Inferential
D. Diagnostic

Answer 13

B. Prescriptive