MIS HWK 5

The 80/20 rule means that if the software meets _________ percent of the company's needs, then the company should modify _________ percent of its business processes to use the software.

80; 20

_________ determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.

Breakeven analysis

Examples of _______ include sensitivity, what-if, and goal-seeking analyses.

DSS

__________ can perform two basic operations: 1) identifying previously unknown patters and 2) predicting trends and behaviors.

Data mining

__________ analytics answers the question "what has happened".

Descriptive

_____ analysis attempts to calculate the value of the inputs necessary to achieve a desired level of output.

Goal-seeking

If you analyze a data cube, this is an example of using

OLAP

The _________ identifies the firm's overall mission, the goals that follow from that mission, and the broad steps required to reach these goals.

Organization strategic plan

______ analytics require _______ analytics.

Prescriptive; predictive

______ analysis examines the change in an output given the change in a particular input while keeping all other inputs constant.

Sensitivity

_________ are employees from all functional areas and levels of the organization who interact with the system, either directly or indirectly.

Users

______ analysis attempts to predict the impact of changes in the assumptions (input data) on the proposed solution.

What-if

The entire business analytics process starts with

a business problem

The primary purpose of the systems _________ stage is to gather information about the existing system to determine the requirements for an enhanced system or a new system.

analysis

If a company wants to write all new computer code, it would choose to ________.

custom-write an entire application

If a company wants to write some computer code, it would choose to ________.

customize a prewritten application

If you want to know what items customers typically buy together so that you can place them next to each other on the shelf, you would be using

data mining

Your company decides to implement the manufacturing module of SAP before implementing payroll. This is an example of _________ conversion.

phased

SaaS is a method of delivering _________ in which a vendor hosts the applications and provides them as a service to customers over a network, typically the internet.

software

If a company doesn't want to write any computer code, it would choose to ________.

use a prewritten application