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Case-Based Critical Thinking Questions

question 70

Multiple Choice

Case-Based Critical Thinking Questions
Case 12-2
Marissa's monogram business has expanded exponentially since she added an online catalog and ordering to her business. Her database needs to be expanded and changed to meet the needs of the growing business. Her database includes tables for monogram styles, catalog products, orders, billing, customers, and vendors.
-There are occasions when Marissa has orders from one customer for different monogram styles for the same product. Rather than creating separate orders for each item, she might use a(n) ____ field to store the different monogram styles for the product in the Orders table.

Grasp the concept of low-cost, rapid experimentation for validation of business ideas.

Appreciate the value of validations and learning from prototypes and minimum viable products.

Understand the role of storyboarding and sketches in visualizing and communicating business plans and concepts.

Recognize the importance of feedback and data analysis in refining business ideas.

Definitions:

Coefficient of Determination

A numerical indicator showing the fraction of the variance in a dependent variable accounted for by one or more independent variables within a regression analysis.

Variance

A measure of how much values in a dataset differ from the mean of that dataset.

Phi

A measure of association for two binary variables, reflecting the strength and direction of their relationship.

Nominal-Level

Pertains to data classification into non-numeric categories that cannot be logically ordered or ranked.