Exam 2: Decision and Processes: Value Driven Business

Which of the following is not a feature of a neural network?

What are the crucial steps companies perform to achieve their goals and objectives and implement their strategies?

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

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

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 _________.

Which of the following would efficiency MIS metrics measure?

Digital dashboards offer consolidation, drill-down, and slice-and-dice capabilities.

Which of the following business ideas is not using AI?

What is the analysis that works in reverse to what-if and sensitivity analysis by finding the inputs necessary to achieve a goal such as a desired level of output?

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?

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

Chuck Norris 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?

Which of the following business processes would you find in the marketing and sales division?

Executive information systems are starting to take advantage of ______________ intelligence to support strategic decision making, by stimulating human thinking and behavior.

Describe business process management and its value to an organization.

Most business processes are cross-functional or cross-departmental processes that span the entire organization.Which of the following does not represent a cross-functional business process?

Which of the following is not considered a challenge facing most managers today?

__________ focuses on how well an organization is achieving its goals and objectives.

Explain the value of business processes for a company, and differentiate between customer-facing and business-facing process.

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.