IFSM300 Quiz 2 Latest 2020/IFSM300 Quiz 2 Latest 2020/IFSM300 Quiz 2 Latest 2020

Question 1          

Which of the following are true of a data warehouse?  (Select all that apply)

The data is standardized.

It is a database.

The data is time-stamped for comparison over time.

The data is operational and is used for day-to-day transactions.

Question 2          

Data can best be used to support decision making when it has been transformed into

bits and bytes

knowledge

information

database

Question 3

Which of the following is the process of analyzing data to find previously unknown trends, patterns, and associations in order to make decisions?