Ch.15 Decision Making

In terms of information quality, define "consistency" as a factor.

Multiple versions of a single item of data should be the same.

What is the difference between production reports and forecasting reports about production?

Production reports also fully track current levels of production.

What is the most likely reason that unstructured decisions are typically made by higher-level management?

They require strategic, long-term thinking.

What is the last step in the Five Whys?

consult with members of the organization

Which element of the belief action outcome (BAO) framework explains the methods used to measure and monitor the belief and action steps of the framework?

outcome terminology

What are the five classical functions of managers as identified by management theorist Henri Fayol?

planning, organizing, coordinating, deciding, controlling

What is a main component of the belief action outcome framework (BAO) that organizations provide to address the economic, environmental, and social impacts that result from their day-to-day operations?

sustainability reports

In the analytical hierarchy process (AHP) programming model, what is the first thing placed into a hierarchy to facilitate the decision-making process?

variables or conditions in the situation

The business world is overwhelmed by data. It estimated that 1.7MB of data is created every second by every person. Data volume has grown substantially in the last few years, when 90% of the world's data has been created. Of the following, what is the most useful fully computerized tool that can directly translate data into decisions and solutions?

high-velocity automated decision making

Which of the measurable outcomes of the balanced scorecard framework focuses on organizational culture?

learning and growth