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Exam 2: Decisions and Processes: Value Driven Business

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Question 41

Multiple Choice

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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.

A) Augmented reality
B) Mutation
C) Fuzzy logic
D) Shopping bot

E) A) and C)
F) B) and C)

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Question 42

True/False

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Managerial business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.

A) True
B) False

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Question 43

Multiple Choice

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What are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements?

The manipulation of information to create business intelligence in support of strategic decision making is referred to as OLTP or online transaction processing.

Operationalized analytics makes analytics part of a business process. Improving business processes is critical to staying competitive in today's electronic marketplace.

A manager that must implement a loyalty program across 500 hotels would be placed in which category for managerial decision-making challenges?

What is drill-down capability?

Metrics are temporary activities a company undertakes to create a unique product, service, or result.

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

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

A Business Process Model and Notation (BPMN)flow displays the path in which the process flows.

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?

Streamlining information encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational or structured decisions.

A shopping bot is one of the simplest examples of an intelligent agent.

Online transaction processing (OLTP) is the capturing of transaction and event information using technology to ________.

The structure of a typical organization is similar to a pyramid, with different levels that require one consistent type of information to assist with all managerial decision making.

Review the below key terms. Which one defines an operational decision that involves situations where established processes offer potential solutions?

Sarah Schin was recently hired by Bank West as the Global Director of Human Resources. Her job duties include determining employment policies as well as overseeing all hiring, firing, and training of employees. What type of processes does Sarah's new job demonstrate?

Which of the below processes attempt to understand and measure the current process and make improvements?

Weak AI refers to the field of artificial intelligence that works toward providing brainlike powers to AI machines; in effect, it works to make machines as intelligent as the humans.