Practice Key Kpis (21.2.2) - Domain-Specific Jargon and KPIs - Business Analysis

Practice: Key KPIs

Lesson 21.2.2Domain-Specific Jargon and KPIs

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10 questions

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5 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What does the conversion rate measure?
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Think about how we track user behavior in online stores.
Question 2.
What is one reason for high Patient Wait Times?
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Consider how operations can impact patient care.
3Question 3.
What does the Conversion Rate indicate?
- The number of products sold
- The percentage of users who complete a purchase
- The total number of users visiting a site
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Focus on the desired action completed by the users.
4Question 4.
True or False: A high Patient Wait Time is always good for business.
- True
- False
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Consider the patient perspective regarding service.
Question 5.
Discuss how a Business Analyst might use KPIs to propose changes in E-commerce strategy. Include at least two specific KPIs and their impacts.
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Focus on the direct relationship between KPIs and tactical strategies.
Question 6.
Analyze a situation where a bank has a rising NPA ratio and propose two corrective actions the management could take.
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Think of both operational adjustments and market strategies to tackle this issue.

6 more questions in this section. Enroll free to practise them all.