Exam 12: Enhancing Decision Making

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Which of the following is a disadvantage of high-velocity, automated decision-making systems?

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Simon's description of decision making consists of which four stages?

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Which of the following is not one of the six main elements in the business intelligence environment discussed in this chapter?

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Which of the following best describes the term business analytics?

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

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During a GDSS meeting, the attendees control the use of GDSS tools.

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MIS typically produce

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Which of the following is not one of the five main analytic functionalities of BI systems for helping decision makers understand information and take action?

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DSS are a special category of GIS.

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Middle management face primarily unstructured decisions.

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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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What-if analysis works forward from known or assumed conditions.

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Which of the following statements best describes the business value of improved decision making?

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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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The third stage in Simon's description of decision making is ________.

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BI that is designed to determine the most likely effects of changes in the business environment is called ________.

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The decision to approve a capital budget is an example of a(n) ________ decision.

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Statistical models, data mining, OLAP, and production reports comprise one of the main elements of the BI environment referred to as the business analytics ________.

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