Exam 2: Decisions and Processes: Value Driven Business

The manipulation of information to create business intelligence in support of strategic decision making is referred to as OLTP or online transaction processing.

The structure of a typical organization is similar to a pyramid, with different levels that require one consistent type of information to assist with all managerial decision making.

A shopping bot is one of the simplest examples of an intelligent agent.

What are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements?

Operationalized analytics makes analytics part of a business process. Improving business processes is critical to staying competitive in today's electronic marketplace.

What is drill-down capability?

Review the below key terms. Which one defines an operational decision that involves situations where established processes offer potential solutions?

What is the manipulation of information to create business intelligence in support of strategic decision making?

Streamlining information encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational or structured decisions.

Managerial business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.

Metrics are temporary activities a company undertakes to create a unique product, service, or result.

Online transaction processing (OLTP)is the capturing of transaction and event information using technology to ________.

Weak AI refers to the field of artificial intelligence that works toward providing brainlike powers to AI machines; in effect, it works to make machines as intelligent as the humans.

Sarah Schin was recently hired by Bank West as the Global Director of Human Resources. Her job duties include determining employment policies as well as overseeing all hiring, firing, and training of employees. What type of processes does Sarah's new job demonstrate?

What is the process within a genetic algorithm of randomly trying combinations and evaluating the success (or failure)of the outcome.

Which of the below processes attempt to understand and measure the current process and make improvements?

A manager that must implement a loyalty program across 500 hotels would be placed in which category for managerial decision-making challenges?

Which of the below is an important challenge facing managers today?

At which level of an organization are employees continuously evaluating company operations to hone the firm's abilities to identify, adapt to, and leverage change?

A Business Process Model and Notation (BPMN)flow displays the path in which the process flows.