Bus 101: Lecture 2

Question 1

Garbage in, garbage out

Answer 1

an analysis with bad data leads to bad results.

Question 2

Types of analytics:

Answer 2

descriptive, diagnostic, predictive, prescriptive

Question 3

Descriptive analytics

Answer 3

an analysis of historical data.

used to analyze what happened in the past to guide future decisions.

Question 4

Diagnostic analytics

Answer 4

why something happened.

Question 5

Analysis paralysis

Answer 5

Overthinking the problem to the point where you can’t make a decision.

Question 6

Predictive analytics

Answer 6

predict what will happen next.

Question 7

Prescriptive analytics

Answer 7

takes descriptive, diagnostic, and predictive analytics to evaluate the outcomes of future decisions.

Question 8

Communication is only successful when…

Answer 8

then receiver understands an idea as the sender intended it.

Question 9

Academic writing

Answer 9

used to create and spread knowledge; intended to demonstrate what you have learned

Question 10

Business writing

Answer 10

used to solve problems; intent is results oriented

Question 11

to give effective feedback…

Answer 11

balance your content between motivational and critical.

Question 12

Business communication is…

Answer 12

concise (does not waste readers time).