Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

What is a critical success factor in mitigating risks related to compliance, cybersecurity, and funding stability?

Choose the correct answer.

Avoiding data collection and analysis

Decreasing data transparency and accountability

Relying on disconnected systems

Being prepared with proper strategies and tools

Which of the following are identified as key trends impacting higher education and research?

There are two correct answers.

Reducing student enrollment

Improving the student experience

Outsourcing financial accounting

Becoming financially resilient

Which stakeholder group includes parties that provide financial support to universities?

Choose the correct answer.

Board of Trustees

Advancement

Accreditation Agencies

Suppliers

Why should colleges and universities transform their traditional business model?

There are four correct answers.

To increase tuition feeds for their well-off audience only

To focus more on research than teaching

To better understand and control their own costs and net revenue

To address prospective learners

To serve the needs of a wider diversity of learners

To better align with the economic and social realities of their future staff

Which of the following can be improved through the successful adoption of artificial intelligence and advanced digital tools?

There are three correct answers.

Operational excellence

Student experience

Staff reduction

Real-time decision making

Which of the following is a way that universities can create a competitive advantage?

There are three correct answers.

Improving academic reputation through a higher position in the global university ranking

Increasing tuition fees to invest more in technical innovation

Reducing internal costs through operational efficiency and automation of processes

Increasing the value of teaching and research for internal and external stakeholders

What changes are sufficient to realize a comprehensive digital transformation strategy in higher education?

Choose the correct answer.

Digitization of paper processes

Automation of processes and workflows

A series of profound and coordinated changes in culture, workforce, and technology

How does "acting on data richness" aim to help institutions?

There are three correct answers.

By reducing the access of students to campus data

By removing data silos

By using data to align university offerings with student needs

By reducing the risk of early drop-outs

What does an Enterprise Resource Planning (ERP) system in the Higher Education and Research Industry primarily manage?

There are two correct answers.

Teacher and student online interactions

Institutional information like student prospects

Financial processes

HR-related processes

10.

Which of the following is usually a responsibility of the University Government or Board of Trustees?

There are three correct answers.

Strategic planning

Teaching classes

Oversight of the president

Setting policies for university administration