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Exam 2: Decisions and Processes: Value Driven Business

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Question 81

True/False

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Examples of dynamic processes include running payroll, calculating taxes, and creating financial statements.

A) True
B) False

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Question 82

Multiple Choice

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What occurs in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommended decision?

A) Analytics
B) Structured decisions
C) Unstructured decisions
D) Semistructured decisions

E) A) and B)
F) All of the above

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Question 83

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

Deep learning is a process that employs specialized algorithms to model and study complex datasets; the method is also used to establish relationships among data and datasets.

What is a model that represents the current state of the operation without any specific improvements or changes to existing processes?

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

Efficiency MIS metrics include throughput, speed, and availability.

To-Be process models show the results of applying change improvement opportunities to the current (As-Is)process model.

What are the most successful solutions or problem-solving methods that have been developed by a specific organization or industry?

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

What is the mathematical method of handling imprecise or subjective information?

As the product manager for the eatery division at Whole Foods, Jerry is responsible for analyzing sales data to help him manage his team. Today Jerry is analyzing his data by looking at details, and details of details of information. Which of the following common digital dashboard capabilities is Jerry using to analyze his departments success?

Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creating the company-wide goals and strategies. He also monitors the overall strategic performance of the company and its direction for future business strategies. At what level of the organizational pyramid would you categorize Bill?

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

As the product manager for the eatery division at Whole Foods, Jerry is responsible for analyzing sales data to help him manage his team. Today Jerry is analyzing his data using aggregation techniques allowing him to see simple roll-ups to complex groupings of interrelated information. Which of the following common digital dashboard capabilities is Jerry using to analyze his departments success?

What is augmented reality?

Mutation is a mathematical method of handling imprecise or subjective information.

Transaction processing systems are primarily used to automate business processes. Automation increases efficiency and effectiveness, while reducing head count which in turn reduces the overall operational ________.

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

What is pivot?