Exam 2: Decisions Processes: Value Driven Business

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Source documents are the original transaction records.

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When evaluating the six-step decision making process,what occurs during the problem identification step?

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Benchmarks are baseline values the system seeks to attain.

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At which level of an organization do employees develop,control,and maintain core business activities required to run the day-to-day operations?

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

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Bob Silver loves playing a game called World of Warcraft where he has the capability to create his own character and even his own life-like environment.In which AI system would you categorize World of Warcraft?

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Which of the following is a special-purpose knowledge based information system that accomplishes specific tasks on behalf of its users?

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What is used to control the flow of a process?

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What is augmented reality?

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Improving the efficiency and effectiveness of its business processes will improve a firm's value chain.

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What is the process within a genetic algorithm of randomly trying combinations and evaluating the success (or failure)of the outcome?

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Which of the following tracks the number of customers an organization touches for the first time and persuades to purchase its products or services?

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What do cargo transport systems,book distribution centers,the video game market,a flu epidemic,and an ant colony have in common?

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What uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously?

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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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A business process model and notation (BPMN)event is a task in a business process.

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A workflow control system monitors processes to ensure tasks,activities,and responsibilities are executed as specified.

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Explain the importance of decision making for managers at each of the three primary organization levels along with the associated decision characteristics.

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

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