Exam 12: Enhancing Decision Making

Many decisions have elements of both types of decisions and are semistructured,where only part of the problem has a clear-cut answer provided by an accepted procedure.

Describe MIS and DSS and differentiate between them.

The earliest DSS were heavily ________,using some type of model to perform "what-if" and other kinds of analyzes.

A(n)________ facilitates the solution to unstructured problems by a set of decision-makers working together as a group.

The concern that the structure of data is consistent within an information source reflects which quality dimension of information?

Data visualization technologies help distill large amounts of information into easily read textual lists.

________ models ask "what-if" questions repeatedly to determine the impact on outcomes of changes in one or more factors.

________ are predefined reports based on industry-specific requirements.

Explain the following statement,"Business intelligence" is a term used by hardware and software vendors and information technology consultants to describe the infrastructure for warehousing,integrating,reporting,and analyzing data that comes from the business environment."

What management,organization,and technology issues had to be addressed when developing an ESS dashboard?

Organizations are bureaucracies with limited capabilities and competencies for acting decisively.

What is a GIS? Describe at least three ways in which a GIS could be used by modern business.

ESS have the ability to drill down,moving from a piece of summary data to lower and lower levels of detail.

Backward sensitivity analysis software is used for goal seeking.

An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of

The ________ is a collection of current or historical data from a number of applications or groups.

Which phase of decision making finds or recognizes a problem,need,or opportunity?

Brad has an important decision to make.He wants to decide how his firm should enter their new product line in Alberta.He is deciding between using a wholesaler and creating his own distribution channel.He is choosing to use a wholesaler.What stage of the decision-making process is he in?

Business analytics toolset is a set of hardware tools that are used to analyze data and produce reports,respond to questions posed by managers,and track the progress of the business using key indicators of performance.

A structured decision can be made by following a well-defined set of procedures.No "feel" or intuition is necessary.