Chat with AIExam 12: Enhancing Decision Making
A key business decision in your sporting goods manufacturing company is determining what suppliers to use for your raw materials.How can you determine if a manager in charge of selecting suppliers is making the best choice?
(32) 
VerifiedStudent answers will vary but should include an understanding of evaluating the information the data is based on.For example: One way to determine the manager's choice is to find out what he or she is basing their decision on: price,quality,schedule,relationship,etc.Then you could find out how those measurements of the supplier qualities are made-is the data about the suppliers accurate information? You could evaluate the data informing the decision along the information quality dimensions: accuracy,integrity,consistency,completeness,validity,timeliness,and accessibility.
You are an analyst for a firm that imports and distributes specialty oils and vinegars,and they are considering the development of a business intelligence capability for the firm.They have asked you to identify the key elements that will be required.
(39) VerifiedThere five elements of a business intelligence environment all of which are needed to build a BI capability.These are 1)data collection tools,2)a corporate database environment,3)a group of trained analytic managers with appropriate methods and skills for analyzing data,4)a corporate system platform for these databases and tools,and 5)a user interface,including social media,so that the data and results can be displayed in a convenient,and powerful,manner.
If you can follow a definite procedure to make a business decision,you are making a(n)________ decision.
(27) VerifiedE
Which of the following are most likely to rely primarily on production reports for their decision-making needs?
(40) Which of the following BI tools or abilities has been driving the movement toward "smart cities"?
(35) The design phase of decision making consists of discovering,identifying,and understanding the problems occurring in the organization.
(30) When there is no well-understood or agreed-on procedure for making a decision,it is said to be:
(36) Checking store inventory is an example of a(n)________ decision.
(28) Which of the following statements best describes the term business intelligence?
(31) The management methodology of using a firm's strategy to generate operational targets for the business and measuring progress towards them using the firm's enterprise systems is called:
(37) ________ are visual tools for presenting performance data in a BI system.
(32) The ________ phase of decision making involves identifying and exploring various solutions to a problem.
(36) The decisions involved in creating and producing a corporate intranet can be classified as ________ decisions.
(45) Which of the following describes how the Simon framework of decision-making works in high-velocity decision environments?
(27) You are the CIO at an insurance firm and a manager has proposed implementing expensive new project management software that would help increase the efficiency of the IT staff.The idea of improved efficiency sounds good,but is there any way you can evaluate her decision before purchasing the software? Be specific.
(39) Which of the following is not one of the five classical functions of managers?
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