Decison making

Because it can be completed without the use of statistical analysis software, the _ Whys is a popular method that is used to assess the underlying cause of a problem or to better understand the different causes of a problem

5

Select the true statements about the analytical hierarchy process (AHP) model.

A multi-criteria programming model that uses an analytical hierarchy process for decision making. Intricate situations and scenarios are analyzed by deconstructing the problem into a visible hierarchy that can be analyzed through comparison. Allows for many variables or conditions to be considered and prioritized, resulting in the selection of the best alternatives or projects.

This refers to how well-collected data describes and associates with the real-world conditions it is trying to describe.

Accuracy

Of the decisions/activities listed, which would be considered unstructured decisions?

Capital budgeting decisions Strategic goal development

Data is well-structured and includes all elements that were intended to be collected.

Completeness

Ensuring that the information being used to make informed business decisions is accurate and of high quality is critical in today's business environment. Which of the following are common characteristics of information quality?

Completeness Validity Consistency

Once a problem has been investigated, analyzed, and determined, it is necessary to determine the best solution to overcome the problem. When investigating a solution, it is important to take into the account which of the following consideration?

Consider all outcomes. Allocation of resources Identify what you know and don't know.

Today's Behavioral scientists have created behavioral models that identify actual management behaviors. Based on their observations, researchers offer a set of five management attributes. Which of the following are contemporary management behaviors?

Currency of information Perform work at a fast pace Fragmented activities

Managers help to initiate new strategic objectives, handle conflicts, and distribute budgetary resources to departments and employees under their supervisory control.

Decisional Roles

Which of the following should be considered when evaluating alternatives?

Disadvantages Costs

Corporate-level managers/executives are responsible for making decisions that impact profitability and the short-term and long-term success of an organization. In order to get the information they need, managers rely on output provided from ____. These systems are developed by creating a procedure for uncovering precisely what performance metrics are important to assist in making management decisions and what resources are needed to develop these systems.

Executive Support Systems (ESS)

Select the true statements about management filters.

Filters are often predefined by the organization and are designed to eliminate the time-consuming task of searching through large volumes of data. Management filters are provided by many project management software applications. Filters allow managers the ability to search the specific type of data that is needed for a specific decision.

In their informational capacity, managers are the central location for information provided by the organization.

Informational Roles

Henry Mintzberg, a Canadian researcher on management and business, classifies management roles into three categories. Which of the following are the three categories identified by Mintzberg?

Informational roles Decisional roles Interpersonal roles

Managers perform as leaders for the organization. They represent their business to stakeholders outside the organization and perform a number of figurative responsibilities.

Interpersonal Roles

Select the true statements about the balanced scorecard method for decision making.

Measurable outcomes on a balanced scorecard include financial, internal business processes, learning and growth, and customers. In order to get the information they need to create a balanced scorecard, managers rely on output provided from executive support systems (ESS). The balanced scorecard framework was developed by Robert Kaplan and David Norton and is used to structure an organization's strategic plan and goals using measurable outcomes of organizational performance.*

Today's Behavioral scientists have created behavioral models that identify actual management behaviors. Based on their observations, researchers offer a set of five management attributes. Which of the following are contemporary management behaviors? 2

Oral communication Diversity of contacts with the organization Currency of information

The classical model of management describes what managers do. Classical management theorist Henry Fayol identified the five classical functions of managers which includes:

Planning Coordinating Organizing

Data to be collected should be useful to the organization. Data should be relevant and usable. There is no need to collect data just for the sake of collecting it.

Relevance

Which of the following are considered financial outcomes/measures?

Revenue Return on Investment (ROI) Cashflow

Which of the following performance areas are commonly observed by middle managers and operational managers?

Sales Employee performance Adherence to organizational guidelines

Select the true statements about structured management decisions.

Structured decisions are regularly made by individual employees and teams and frequently include operational decisions. Structured decisions are made easier through the creation of defined processes and procedures. Structured decisions involve tasks and choices that are routine.

Select the true statements about unstructured management decisions.

Unstructured decisions are often executed by higher-level management and include strategic decisions such as market entry or exit, capital budgeting, and strategic goal development. Unstructured decisions involve management insight and judgment.

Data collection methodologies and techniques should be valid. Data should be in the correct format and collected using legitimate techniques.

Validity

The belief outcome _ (BAO) framework is a method for structuring research questions that are interconnected with information systems within an organization. These questions often surround sustainability and online sustainability reports.

action

Management _____ give managers the ability to search data sets for information that is needed for a specific decision. Members of the organization predefine the filters and design them to eliminate the time-consuming task of searching through large volumes of data and helps to avoid management bias and predefined subjective interpretation. Multiple choice question.

filters

Quantifiable values that validate how effectively an organization is accomplishing significant business objectives are called key ____ indicators (KPIs). For example, a KPI for an e-commerce business might measure how well they meeting customer expectations. A KPI can be established that tracks the frequency that the customers are receiving the exact products they ordered.

performance

First developed by Thomas Saaty, the analytical hierarchy _ (AHP) is a multi-criteria programming model that uses an analytical hierarchy process for decision making in multifaceted operational environments.

process

A main component of the belief outcome action framework (BAO) is the creation of a sustainability ____ . These tools are provided by organizations and cover the economic, environmental, and social impact that results from day-to-day operating activities.

report

Management decisions that involved tasks and choices that encompass prescribed and definite procedures for how they should be handled are referred to as _ decisions.

structured

Decision making that is executed by computers through algorithms and software that can process data at a face pace is referred to as high- _____ decision making. Software designed for this type of decision making is created by humans and is designed to identify issues, find solutions to these issues, and implement the programs needed to overcome these issues with an emphasis on transactional speed.

velocity

Software that is created by humans and is designed to identify issues, find solutions to these issues, and implement the programs needed to overcome these issues with an emphasis on transactional speed is referred to as high- _____ decision-making software.

velocity