Exam 2: Decisions and Processes: Value Driven Business

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

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Which of the following is a potential feature of a digital dashboard?

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What is a graphical display of patterns and complex relationships in large amounts of data?

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An optimization analysis finds the optimum value for a target variable by repeatedly changing other variables,subject to specified constraints.What can a manager determine by changing revenue and cost variables in an optimization analysis?

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Which of the below is a customer-facing process?

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Which of the following departments is primarily responsible for promoting discounts,attracting customers,and communicating marketing campaigns?

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Which of the following is not included in the decision-making process?

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Business process modeling or mapping,is the activity of creating a detailed flowchart or process map of a work process that shows its inputs,tasks,and activities in a ________ sequence.

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____________ produces graphical displays of patterns and complex relationships in large amounts of data.

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

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__________ information systems is a specialized DSS that supports senior-level executives and unstructured,long-term,nonroutine decisions requiring judgment,evolution and insight.

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Efficiency MIS metrics measure the impact MIS has on business processes and activities,including customer satisfaction and customer conversion rates.

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

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Strategic planning is a customer-facing business process.

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Anne-Marie Cole runs the sales division for a local auto insurance firm.One of her key duties is to calculate her company's market share.When evaluating the prior year numbers,she found that her firm achieved total sales of $3 million and the entire industry had $30 million in sales.What is Anne-Marie's current market share?

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Which of the following processes focuses on the entire customer order process and operates across functional departments?

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Which of the below is not included as part of a benchmark?

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What are the quantifiable metrics a company uses to evaluate progress toward critical success factors?

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

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What is measured by benchmarks such as satisfaction surveys,percentage of existing customers retained,and increases in revenue dollars per customer?

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