Exam 2: Decisions and Processes: Value Driven Business

What is the analysis and redesign of workflow within and between enterprises?

What is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs?

What is a virtual workplace?

Analytics is the science of fact-based decision making.

What is a graphical notation that depicts the steps in a business process?

What are the three primary types of management information systems available to support decision making across the company levels?

What can a model accomplish?

As the business and its strategies change, so do the ________ processes.

What uses technology allowing humans to interact with a computer through bodily sensations and movements-for example, a cell phone vibrating in your pocket?

What is software that will search several retailer websites and provide a comparison of each retailer's offerings including prices and availability?

Online transaction processing (OLTP)and online analytical processing (OLAP)are similar MIS strategies used to help with business decision making. What is the primary difference between OLTP and OLAP?

Google glass is a wearable computer with an optical head-mounted display (OHMD).

Which of the below categories of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?

What is measured by such benchmarks as satisfaction surveys, percentage of existing customers retained, and increases in revenue dollars per customer?

Which of the following represents a business process you would find in the operations management department?

As a manager for your company some of your responsibilities include measuring metrics and overseeing company strategies. You observe some critical success factors and see large increases in productivity. What would you suspect would be the primary reason for the large increases in productivity?

A swim lane layout arranges the steps of a business process into a set of rows depicting the various elements.

A neural network is a category of efficiency metrics where it attempts to measure the way the human brain works.

At which level will a manager use analytics to make decisions?

What captures transaction and event information using technology to (1)process the information according to defined business rules, (2)store the information, and (3)update existing information to reflect the new information?