Exam 2: Decisions and Processes: Value Driven Business

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When considering the 5 steps of the order-to-delivery business process, creating campaigns and checking inventory are included in which step?

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A business management system is a graphic description of a process, showing the sequence of process tasks, which is developed for a specific purpose and from a selected viewpoint.

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Which of the following is considered the process in the systems thinking example of a DSS?

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Return on investment indicates the earning power of a project.

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Efficiency MIS metrics focus on the extent to which a firm is using its resources in an optimal way, while effectiveness MIS metrics focus on _________.

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What is the difference between the As-Is process model and the To-Be process model?

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A Business Process Model and Notation (BPMN) gateway is used to control the flow of a process.

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At the operational level, employees develop, control, and maintain core business activities required to run the day-to-day operations.

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Which process attempts to understand and measure the current process and make improvements?

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What is a workflow control system?

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

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Which of the following represents the structure of a typical organization?

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When evaluating the six-step decision-making process, what occurs during the solution selection step?

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What is augmented reality?

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A Business Process Model and Notation (BPMN) event is a task in a business process.

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Which of the following key terms represents the types of decisions made at the operational, managerial, and strategic levels of a company?

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

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

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CFSs and KPIs are the two core metrics used within a business to track progress or success.What is the relationship between CSFs and KPIs?

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

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