Question 1

At the ______________ level,of a business structure,employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Accepted Answer

The answer of At the ______________ level,of a business structure,employees...

Question 2

What is consolidation?

Accepted Answer

A)  Involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information
B)  The ability to look at information from different perspectives
C)  Enables users to get details,and details of details,of information
D)  Finds the inputs necessary to achieve a goal such as a desired level of outputE) A) and D)
F) None of the above

Question 3

The typical structure of a business organization is similar to a pyramid and consists,from top to bottom,of strategic,managerial,and _______________ levels.

Accepted Answer

The answer of The typical structure of a business organization...

Question 4

What form of processes include loan processing for a bank,claims processing for an insurance company,reservation processing for a hotel,and baggage handling for an airline?

Accepted Answer

A)  Customer-facing processes
B)  Business-facing processes
C)  Industry-specific customer-facing processes
D)  All of the aboveE) B) and D)
F) All of the above

Question 5

A model is a simplified representation or abstraction of _________.

Accepted Answer

The answer of A model is a simplified representation or...

Question 6

When evaluating the 5-steps in the order-to-delivery business process,step one includes creating a campaign and checking inventory,which are both part of the sales function.

Accepted Answer

A) True 
 B)False

Question 7

What is the manipulation of information to create business intelligence in support of strategic decision making?

Accepted Answer

A)  OLTP
B)  OLAP
C)  TPS
D)  DSSE) C) and D)
F) B) and C)

Question 8

What is the MIS system that manipulates information to create business intelligence in support of strategic decision making?

Accepted Answer

A)  Online transaction processing (OLTP) 
B)  Online analytical processing (OLAP) 
C)  Digital dashboard
D)  VisualizationE) A) and B)
F) All of the above

Question 9

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

Accepted Answer

A)  The process will begin again if the decisions made were incorrect
B)  Defining the problem as clearly and precisely as possible
C)  Details of every solution possible including ideas that seem far fetched
D)  The solution that best solves the problem is selectedE) C) and D)
F) A) and C)

Question 10

Product delivery is a customer-facing business process.

Accepted Answer

A) True 
 B)False

Question 11

What-if analysis checks the impact of a __________ in an assumption on the proposed solution.

Accepted Answer

The answer of What-if analysis checks the impact of a...

Question 12

Define critical success factors (CSFs)and key performance indicators (KPIs),and explain how managers use them to measure the success of MIS projects.

Accepted Answer

Metrics are measurements that evaluate r...

Question 13

Which of the following explains why a company would implement a BPR strategy?

Accepted Answer

A)  To encourage competition
B)  To decrease customers
C)  To create value for the customer
D)  All of the aboveE) A) and B)
F) A) and C)

Question 14

What is the difference between customer-facing processes and business-facing processes?

Accepted Answer

A)  Business-facing processes are front-office processes,customer-facing processes are back-office processes
B)  Customer-facing processes are front-office processes,business-facing processes are back-office processes
C)  Customer-facing processes are back-office processes,and industry-specific customer-facing processes are back-office processes
D)  Customer-facing processes are back-office processes,and industry-specific customer-facing processes are front-office processesE) A) and B)
F) A) and C)

Question 15

Which of the below is an important challenge facing managers today?

Accepted Answer

A)  Making business decision
B)  Solving business problems
C)  Competing to win in today's market
D)  All of the aboveE) A) and D)
F) All of the above

Question 16

Best practices are the most successful solutions or problem-solving methods that have been developed by a specific organization or industry.

Accepted Answer

A) True 
 B)False

Question 17

A neural network is a category of efficiency metrics where it attempts to measure the way the human brain works.

Accepted Answer

A) True 
 B)False

Question 18

Van Lines Inc.is a large corporation operating in all 50 states.Jim Poulos is the regional manager overseeing the western division,which includes Utah,Colorado,Idaho,Montana,Wyoming,and Nevada.Jim receives data from his managers in each state which he loads into his digital dashboard for analysis of his entire western division.What digital dashboard capability is Jim primarily using?

Accepted Answer

A)  Drill-down
B)  Slice-and-dice
C)  Intelligent system
D)  ConsolidationE) A) and B)
F) C) and D)

Question 19

Investment companies use genetic effectiveness metrics to help in trading decisions.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)  Expert system
B)  Virtual reality
C)  Neural network
D)  Genetic algorithmE) All of the above
F) A) and B)

Exam 2: Decisions and Processes: Value Driven Business

What-if analysis checks the impact of a __________ in an assumption on the proposed solution.

Correct Answer
verified

When evaluating the 5-steps in the order-to-delivery business process,step one includes creating a campaign and checking inventory,which are both part of the sales function.

Correct Answer
verified

A neural network is a category of efficiency metrics where it attempts to measure the way the human brain works.

Correct Answer
verified

What is the manipulation of information to create business intelligence in support of strategic decision making?

Correct Answer
verified

What is consolidation?

Correct Answer
verified

Product delivery is a customer-facing business process.

Correct Answer
verified

At the ______________ level,of a business structure,employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Correct Answer
verified

What form of processes include loan processing for a bank,claims processing for an insurance company,reservation processing for a hotel,and baggage handling for an airline?

Correct Answer
verified

A model is a simplified representation or abstraction of _________.

Correct Answer
verified

Correct Answer
verified

Which of the below is an important challenge facing managers today?

Correct Answer
verified

Best practices are the most successful solutions or problem-solving methods that have been developed by a specific organization or industry.

Correct Answer
verified

The typical structure of a business organization is similar to a pyramid and consists,from top to bottom,of strategic,managerial,and _______________ levels.

Correct Answer
verified

Define critical success factors (CSFs)and key performance indicators (KPIs),and explain how managers use them to measure the success of MIS projects.

Correct Answer
verified
Metrics are measurements that evaluate r...
View Answer

What is the difference between customer-facing processes and business-facing processes?

Correct Answer
verified

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

Correct Answer
verified

Which of the following explains why a company would implement a BPR strategy?

Correct Answer
verified

What is the MIS system that manipulates information to create business intelligence in support of strategic decision making?

Correct Answer
verified

Investment companies use genetic effectiveness metrics to help in trading decisions.

Correct Answer
verified

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

Correct Answer
verified

Exam 2: Decisions and Processes: Value Driven Business

What-if analysis checks the impact of a __________ in an assumption on the proposed solution.

Correct AnswerverifiedShow Answer

When evaluating the 5-steps in the order-to-delivery business process,step one includes creating a campaign and checking inventory,which are both part of the sales function.

Correct AnswerverifiedShow Answer

A neural network is a category of efficiency metrics where it attempts to measure the way the human brain works.

Correct AnswerverifiedShow Answer

What is the manipulation of information to create business intelligence in support of strategic decision making?

Correct AnswerverifiedShow Answer

What is consolidation?

Correct AnswerverifiedShow Answer

Product delivery is a customer-facing business process.

Correct AnswerverifiedShow Answer

At the ______________ level,of a business structure,employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Correct AnswerverifiedShow Answer

What form of processes include loan processing for a bank,claims processing for an insurance company,reservation processing for a hotel,and baggage handling for an airline?

Correct AnswerverifiedShow Answer

A model is a simplified representation or abstraction of _________.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the below is an important challenge facing managers today?

Correct AnswerverifiedShow Answer

Best practices are the most successful solutions or problem-solving methods that have been developed by a specific organization or industry.

Correct AnswerverifiedShow Answer

The typical structure of a business organization is similar to a pyramid and consists,from top to bottom,of strategic,managerial,and _______________ levels.

Correct AnswerverifiedShow Answer

Define critical success factors (CSFs)and key performance indicators (KPIs),and explain how managers use them to measure the success of MIS projects.

Correct AnswerverifiedMetrics are measurements that evaluate r...View AnswerShow Answer

What is the difference between customer-facing processes and business-facing processes?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following explains why a company would implement a BPR strategy?

Correct AnswerverifiedShow Answer

What is the MIS system that manipulates information to create business intelligence in support of strategic decision making?

Correct AnswerverifiedShow Answer

Investment companies use genetic effectiveness metrics to help in trading decisions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
verified
Metrics are measurements that evaluate r...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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