Exam 2: Decisions and Processes: Value Driven Business

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_________ processes are business processes,such as manufacturing goods,selling products,and providing service that make up the primary activities in a value chain.

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BPM systems include advanced features such as enhanced process modeling,simulation,execution,and monitoring,providing a high level of flexibility while reducing costs.

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CSFs 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 type of measurement is using market share as a KPI?

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What arises in situations where established processes offer potential solutions?

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Business processes should never drive MIS choices and should be based on business strategies and goals.

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Sears department stores used to plant employees in competitor stores to perform research and analysis.Recently the company implemented a system that can search competitor websites and provide comparisons of price,promotions,and availability and the system is saving time,money,and resources.What type of system did Sears implement?

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Which of the below examples indicates when the time is right to initiate a business process change?

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The structure of an organization is similar to a pyramid.The different levels require different types of information to assist with which of the following?

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The President and Vice-President of a company are typically found in the _______________ level of the business structure.

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Key performance indicators are the metrics a company uses to evaluate progress toward critical success factors.Which of the below represents a key performance indicator?

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Strategic decisions are highly structured decisions.

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What can a model accomplish?

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Review the below list of key terms and determine which one typically occurs during operational business process improvement.

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The crucial steps companies perform to achieve their goals and objectives and implement their strategies are called _____________ success factor.

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

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

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

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The structure of a typical organization is similar to a _______________.

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What is a simplified representation or abstraction of reality?

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