5 Written questions
5 Matching questions
- Support activities
- Predictive analysis
- Semistructured decisons
- Supply chain
- Product differentiation strategy
- a uses data warehouses and complex algorithms to forecast future events, based on historical trends and calculated probabilities.
- b All the stages in the production process from obtaining raw materials to selling to the consumer - from point of origin to point of consumption
- c are characterized by incomplete decision making rules and the need for subjective assessments and judgments to supplement formal data analysis
- d Supports primary activities
- e entails adding features or services not provided by competitors to a product so you can charge customers a premium price.
5 Multiple choice questions
- are facts that are collected, recorded, stored, and processed by an information system
- eliminates duplicate recording, storage, reporting, and other processing activities in an organization
- repetitive, routine, and understood well enough that they can be delegated to lower level employees in the organization
- the state of having more information than one can process
- the condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone
5 True/False questions
Unstructured decisions → are nonrecurring and non routine decisions.
Systems Concept → A set of 2 or more interrelated components that interact to achieve a goal. They are almost always composed of smaller subsystems, each performing a specific function important to and supportive of the larger system of which it is a part.
Strategic planning → The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
Value chain → The series of departments that carry out value-creating activities to design, produce, market, deliver, and support a firm's products.
System → A set of 2 or more interrelated components that interact to achieve a goal. They are almost always composed of smaller subsystems, each performing a specific function important to and supportive of the larger system of which it is a part.