Exam 2: Business Processes and Decision Making

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Which of the following are characteristics of good information?

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A structured decision involves an understood and accepted method for making the decision.

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When stock in inventory hits a critical point, it is called the ________ point.

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Recorded facts or figures is (are)

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Managerial decisions refer to

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A ________ lists the items ordered and the quantity requested of each item.

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The review step may lead to another decision and another iteration of the decision making process.

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Business processes are synonymous with business systems.

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What does a transaction processing system support?

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Provide an example of a structured decision.

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The information that is the output of one process can be viewed as a data input to another process.

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In the payment process, the invoice is compared to the purchase order.

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The truck that delivers the orders to the receiving and stocking activity would be viewed in the inventory management process as a(n)

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Instructions for how a computer should perform specific tasks is (are) called ________.

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An activity can be defined as

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Activities transform resources and data into different kinds of resources and data.

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Provide an example of a strategic decision.

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When data is presented with a meaningful context, it becomes information.

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Customer numbers and their names would be an example of the ________ component of an order management information system.

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A copy of the purchase order is sent to the customer.

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