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Exam 2: Decisions and Processes: Value Driven Business

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Question 71

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A static process uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously.Managers constantly attempt to optimize static process.

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Question 72

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Which of the following would you include as decisions and responsibilities typically found at the operational level of a company?

A) develop core business activities required to run the day-to-day operations
B) control core business activities required to run the day-to-day operations
C) maintain core business activities required to run the day-to-day operations
D) All of these are correct.

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Question 73

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What compiles information from multiple sources and tailors it to meet user needs?

Which category of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?

Demonstrate the value of business process modeling, and compare As-Is and To-Be models.

Managers that must analyze data from 500 hotels to determine when to discount rooms based on occupancy patterns would be placed in which category for managerial decision-making challenges?

A static process is continuously changing and provides business solutions to ever-changing business operations.

What is the business process model that ensures the process is fully and clearly understood before the details of a process solution are decided upon?

What is anything that happens during the course of a business process?

Augmented reality is a wearable computer with an optical head-mounted display (OHMD).

Jessica Ulta works as an employee for City Service Credit Union and is responsible for consulting on loans, talking clients through the loan process, and providing loans to members. What type of processes does Jessica primarily work with?

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

Jenny Welch works at a retail store selling sports equipment.Her daily tasks include opening the store, creating the work schedules, processing payroll, overseeing sales and inventory, and training employees.At what level of the organizational pyramid would you categorize Jenny?

What is continuously changing and provides business solutions to ever-changing business operations?

Operational decisions are considered structured decisions.

What is software that will search several retailer websites and provide a comparison of each retailer's offerings, including prices and availability?

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

What rotates data to display alternative presentations of the data?

Which of the following is considered the output in the systems thinking example of a DSS?

Unstructured decisions occur in situations in which no procedures or rules exist to guide decision makers towards the correct choice.