Exam 12: Enhancing Decision Making

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Measures defined by management and used to internally evaluate the success of a firm's financial, business process, customer, and learning and growth are called

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The ________ is the leading methodology for understanding the most important information needed by a firm's executives.

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The concern that data values of an information source fall within a defined range reflects which quality dimension of information?

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The concept of management ________ describes situations in which managers act on biases that reject information that does not conform to their expectations.

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A(n) ________ decision is repetitive and routine, for which known procedures provide solutions.

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The five classical functions of managers are planning, organizing, deciding, controlling, and

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MIS typically produce fixed, regularly scheduled reports based on data extracted and summarized from the firm's underlying transaction processing systems.

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ESS

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According to Mintzberg, managers in their informational role act as

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GDSS

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Improving the quality of high-value decision making by an executive will save an organization far more money than improving the quality of lesser-value decisions made at a lower level.

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Which of the following statements best describes the term business intelligence?

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A(n)________ report is produced when a user enters various values in a pivot table to filter data.

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Which types of decisions are automated for high-velocity decision making?

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A(n) ________ is a BI feature that presents users with an easy-to-understand display of information designed to convey a comprehensive view of firm performance.

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What is the business value of a DSS?

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The concern that the structure of data is consistent within an information source reflects which quality dimension of information?

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What is a GIS? Describe at least three ways in which a GIS could be used by modern business.

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An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of

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Describe the balanced scorecard model and its role in ESS.

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