Exam 2: Decisions Processes: Value Driven Business

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At which level of an organization are employees continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change?

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Managers use transactional information when making structured decisions at the operational level.

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What arises in situations where established processes offer potential solutions?

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What is represented by a diamond shape in a business process model?

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Which of the below represents an internal KPI that indicates the earning power of a project?

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At which level will a manager use analytics to make decisions?

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Metrics are measurements that evaluate results to determine whether a project is meeting its goals.

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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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The accounting and finance department performs processes such as creating financial statements,paying accounts payables,and collecting accounts receivables.What form of processes do these represent?

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Which of the below does not represent an example of analytical information?

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Source documents are simplified representation or abstraction of reality.

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What is the viewing of the physical world with computer-generated layers of information added to it?

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What is the process of continuously measuring system results,comparing those results to optimal system performance,and identifying steps and procedures to improve system performance?

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Which of the below statements is accurate?

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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 considered a structured decision or strategic decision?

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Business-facing processes or back-office processes are invisible to the external customer but essential to the effective management and operation of the business.

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What is a virtual workplace?

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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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What is the basic business system that serves the operational level and assists in making structured decisions?

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