Exam 2: Decisions and Processes: Value Driven Business

A static process continuously changes and provides business solutions to ever-changing business operations.

What is represented by a diamond shape in a business process model?

What is a model that represents the current state of the operation without any specific improvements or changes to existing processes?

Virtual reality is the viewing of the physical world with computer-generated layers of information added to it.

What is the mathematical method of handling imprecise or subjective information?

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 by looking at details, and details of details of information. Which of the following common digital dashboard capabilities is Jerry using to analyze his departments success?

Efficiency MIS metrics include throughput, speed, and availability.

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

Mutation is a mathematical method of handling imprecise or subjective information.

What occurs in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommended decision?

To-Be process models show the results of applying change improvement opportunities to the current (As-Is)process model.

What is augmented reality?

Transaction processing systems are primarily used to automate business processes. Automation increases efficiency and effectiveness, while reducing head count which in turn reduces the overall operational ________.

Examples of dynamic processes include running payroll, calculating taxes, and creating financial statements.

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 aggregation techniques allowing him to see simple roll-ups to complex groupings of interrelated information. Which of the following common digital dashboard capabilities is Jerry using to analyze his departments success?

Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creating the company-wide goals and strategies. He also monitors the overall strategic performance of the company and its direction for future business strategies. At what level of the organizational pyramid would you categorize Bill?

Deep learning is a process that employs specialized algorithms to model and study complex datasets; the method is also used to establish relationships among data and datasets.

What is pivot?

What are the most successful solutions or problem-solving methods that have been developed by a specific organization or industry?

Investment companies use genetic effectiveness metrics to help in trading decisions.