Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

IIBA CBDA Exam - Topic 1 Question 38 Discussion

Actual exam question for IIBA's CBDA exam
Question #: 38
Topic #: 1
[All CBDA Questions]

An analytics system is being developed by relying entirely on research questions that are framed using the results from benchmarking. Which research question is being asked?

Show Suggested Answer Hide Answer
Suggested Answer: B

Benchmarking is a method of comparing the performance of a business with others in the same industry or with industry standards12. It helps to identify areas of improvement and best practices for superior performance34. A research question that is framed using the results from benchmarking would focus on how the company compares to its competitors or to the industry average on a specific metric or process. For example, how efficient is the company compared to its competitors? This question would require the company to measure its efficiency using a relevant indicator, such as cost per unit, time per task, or output per employee, and compare it to the same indicator for its competitors. This would help the company to identify its strengths and weaknesses, and to find ways to improve its efficiency and gain a competitive advantage


Contribute your Thoughts:

0/2000 characters
Ivory
3 months ago
D seems off, losing employees isn't really a benchmarking question.
upvoted 0 times
...
Catherin
3 months ago
A is a solid choice too, profit is key!
upvoted 0 times
...
Werner
3 months ago
I think C makes more sense for profit analysis.
upvoted 0 times
...
Wenona
4 months ago
Wait, how can we rely only on benchmarking for research questions?
upvoted 0 times
...
Carin
4 months ago
Definitely B, benchmarking is all about comparing efficiency.
upvoted 0 times
...
Boris
4 months ago
I'm torn between B and C. C seems more about pricing strategy, but I guess it could relate to benchmarking too?
upvoted 0 times
...
Rickie
4 months ago
I feel like B is definitely the right choice since benchmarking is all about efficiency compared to competitors.
upvoted 0 times
...
Gwenn
4 months ago
I remember practicing a similar question, and I think A could be relevant since it focuses on profit, but it doesn't seem to fit the benchmarking theme.
upvoted 0 times
...
Hollis
5 months ago
I think the question is about comparing the company to others, so maybe it's B? But I'm not entirely sure.
upvoted 0 times
...
Kaycee
5 months ago
This is an interesting one. I'm going to carefully consider each option and try to determine which research question would be most appropriate based on the information provided.
upvoted 0 times
...
Rolande
5 months ago
I think the key here is understanding how benchmarking is being used to frame the research questions. Option B seems like the most logical choice, as it's asking about the company's efficiency compared to competitors.
upvoted 0 times
...
Stephen
5 months ago
I'm a bit confused by the wording of the question. Can the research questions really be framed entirely based on benchmarking results? I'll have to re-read it a few times.
upvoted 0 times
...
Na
5 months ago
Okay, let's see. The question is asking which research question is being asked, so I need to analyze each option and determine which one best fits the description.
upvoted 0 times
...
Cordell
6 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about how the research questions are framed based on the benchmarking results.
upvoted 0 times
...
Catarina
6 months ago
I'm going with B. It's the classic benchmarking question - how do we stack up against the competition? Simple and straightforward.
upvoted 0 times
Helene
6 months ago
Agreed! Knowing our efficiency is key.
upvoted 0 times
...
Rima
6 months ago
I like B too. It's all about comparison!
upvoted 0 times
...
Stephen
6 months ago
Definitely, benchmarking is crucial.
upvoted 0 times
...
Arlene
6 months ago
A is interesting, but B seems more relevant.
upvoted 0 times
...
...
Brett
7 months ago
A is interesting, but I don't think it's the best fit. Benchmarking is more about overall performance, not just profitability. Although, I guess you could argue that's a key metric...
upvoted 0 times
Annmarie
6 months ago
B) How efficient is the company compared to its competitors?
upvoted 0 times
...
...
Sheldon
7 months ago
I see your point, Elenora. Option A does seem to be the most relevant.
upvoted 0 times
...
Tasia
7 months ago
Haha, D is just ridiculous. Losing employees has nothing to do with benchmarking. Although, I guess you could benchmark employee retention rates... Nah, that's a stretch.
upvoted 0 times
Lindsey
6 months ago
C) Will more profit be made if we increase or decrease our sales price?
upvoted 0 times
...
Twila
6 months ago
B) How efficient is the company compared to its competitors?
upvoted 0 times
...
Bea
6 months ago
A) Which customers provide the greatest profit to the company?
upvoted 0 times
...
...
Elenora
8 months ago
True, but option A specifically mentions customers providing profit.
upvoted 0 times
...
Geoffrey
8 months ago
Hmm, I'm not so sure. B seems a bit too obvious. Maybe C could work - adjusting sales price is often a key focus of benchmarking analysis.
upvoted 0 times
Daisy
6 months ago
B) How efficient is the company compared to its competitors?
upvoted 0 times
...
Vesta
6 months ago
A) Which customers provide the greatest profit to the company?
upvoted 0 times
...
...
Desmond
8 months ago
I think the answer is B. Benchmarking is all about comparing your company's performance to competitors, so that seems like the most relevant research question here.
upvoted 0 times
Roxane
7 months ago
B) How efficient is the company compared to its competitors?
upvoted 0 times
...
Dion
7 months ago
A) Which customers provide the greatest profit to the company?
upvoted 0 times
...
...
Claribel
8 months ago
But what about option C? It's also about profit.
upvoted 0 times
...
Sheldon
8 months ago
I agree with Elenora, option A seems to be the focus here.
upvoted 0 times
...
Elenora
8 months ago
I think the research question is asking about customer profitability.
upvoted 0 times
...

Save Cancel