Exam 2: Decisions and Processes: Value Driven Business

What encompasses all organizational information and its primary purpose is to support the performance of managerial analysis or semistructured decisions.

What is a small embedded line graph that illustrates a single trend?

Sensitivity analysis, what-if analysis, optimization analysis, and market basket analysis are the common DSS analysis techniques.

Which of the following are examples of static processes?

Which of the below is considered part of the process in the systems thinking example of a TPS?

Data collection, solution generation, and solution implementation are all concepts associated which of the following processes?

Improving the efficiency and effectiveness of its business processes will improve a firm's value chain.

What is a histogram?

Which of the following is a type of efficiency MIS metric?

Bob Silver loves playing a game called World of Warcraft where he has the capability to create his own character and even his own life-like environment. Which AI system would you categorize World of Warcraft?

What would managers use to make structured decisions at the operational level?

As the product manager for the eatery division at Whole Foods, Jerry is responsible for analyzing sales data to help him manage his team. Today Jerry is analyzing his data using many different perspectives to identify different ways to improve his division. Which of the following common digital dashboard capabilities is Jerry using to analyze his department's success?

What is a time-series chart?

What are operational business processes?

Redundancy occurs when a task or activity is never repeated.

What improves business process efficiencies by simplifying or eliminating unnecessary steps?

Chuck Biggs has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area. Chuck will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed. How would you categorize the majority of the decisions Chuck will have to make to complete his job?

A pivot rotates data to display alternative presentations of the data.

When considering the graph depicting the interrelationships between efficiency and effectiveness, where does an organization ideally want to operate?

Which of the following is a special-purpose knowledge based information system that accomplishes specific tasks on behalf of its users?