Question

1. The concept of technology managing value-exchange transactions and allowing access by businesses to information throughout the exchange is called _______________________________.

   	A.	Machine Learning
   	B.	Mesh Applications
   	C.	Conversational Systems
   	D.	Blockchain

2 points   

QUESTION 4

1. Supply Chain Information Systems would typically contain modules for the following, EXCEPT:

   	A.	Lead Generation and Tracking
   	B.	Inbound/Outbound Logistics
   	C.	Inventory Management
   	D.	Order Management

Which of the following statements is NOT true regarding the relationship between Artificial Intelligence and jobs?

	A.	Jobs requiring routine physical and mental tasks are prime candidates for automation
	B.	AI-enabled machines will be able to operate, and continue to improve, on their own without any human support or intervention
	C.	AI-enabled machines more than likely will do jobs that most humans don’t want to do such as cleaning up toxic and military-waste sites
	D.	AI will increase the need to develop skills that machines aren’t good at – including abstract reasoning, systems thinking and creativity

1. Which of the following statements is NOT true regarding Business Intelligence Information Systems?

   	A.	Business Intelligence systems are only used to support the development of marketing programs
   	B.	Business Intelligence systems analyze past performance and make predictions about future behavior
   	C.	Business Intelligence systems incorporate all five standard information system components
   	D.	Data Warehouses are generally a key element of Business Intelligence systems

2 points   

QUESTION 11

1. Which of the following statements is NOT true regarding market-basket analysis?

   	A.	It is a data mining technique for determining sales patterns, and helps determine cross-selling opportunities
   	B.	Market-basket analysis focuses on the probability that two or more items will be purchased together
   	C.	Support is the conditional probability estimate of whether one item will be purchased given that the customer purchased a second item
   	D.	Lift shows how much the base probability for purchasing an item increases or decreases when other products are purchased.

Answer 1

Option D - BLOCK CHAIN

Reason: A block chain is like a digital ledger that contains transaction data in each block. Each block is linked together to form a blockchain. It manages value-exchange transactions by allowing access throughout the exchange process. The only option in the above given options that fits this description is Option D 'Blockchain'.

Option D - ORDER MANAGEMENT

Reason: Supply Chain Information System constitutes of all the other given options like lead generation and tracking, inbound and outbound logistics, and inventory management. However, Order management that deals with the sales activities of a product, is a constituent of CRM (Customer Relationship Management), not a constituent of supply chain information system.

Option B - A.I OPERATED MACHINES WILL BE ABLE TO OPERATE ON THEIR OWN WITHOUT ANY HUMAN INTERVENTION

Reason: All the above given options are true regarding A.I except this option. This is because A.I cannot operate without human intervention. It depends on human innovation and creativity to help develop and update A.I. They are not independent.

Option A - B.I.I.S IS USED ONLY TO SUPPORT DEVELOPMENT OF MARKETING PROGRAMS

Reason: Business Intelligence Information System is a data-driven system that helps in making the right decisions by converting raw data into meaningful information. It can be used in every department of an organisation, and is not only confined to be used by marketing. So, the option that says that BIIS can be used only to develop marketing programs is wrong.

Option C - SUPPORT IS THE CONDITIONAL PROBABILITY ESTIMATE OF WHETHER ONE ITEM WILL BE PURCHASED GIVEN THAT THE CUSTOMER PURCHASED A SECOND ITEM

Reason: The market-basket analysis is a technique that studies the co-occurence and the strength of association between products that are purchased together. It has three aspects - Support, Confidence, and Lift. 'Support' is defined as the percentage that the items are sold together as an item set. Option C does not give the right definition about Support. So, this is the option that is Not True.