MGMT 450 Quiz 5

According to our lecture, Netflix big data analytics help to determine

A and C

The holistic, balanced set of measures which reflect the different drivers that contribute to superior performance and the achievement of the enterprise's strategic goals.

Balanced Score Card

What business management system seeks to streamline an organization's activities to prevent backlogs and inefficiencies?

Business Process Management (BPM)

Which stage of the project management process involves documenting the lessons learned during the project's execution?

Closure Stage

Which of the following is a tool commonly used by project managers and accessed using project management software?

Gantt charts

What occurs during the process optimization step of business process management?

Managers adapt (modify) the process to enhance process performance.

In the analytics maturity model, the most advanced level of analytics which answers the question "What should happen", is ______________________.

Prescriptive Analytics

Which type of decision-making includes decisions with long-term, widespread impacts, and has the highest reliance on unstructured data?

Strategic

In the analytics maturity model, Predictive Analytics is the level at which this question is answered:

What will happen

Operational decision making is characterized by all of these except:

Widespread, long-term impacts

When looking at dashboards, we learned that this color indicator is typically indicative of a warning that if we don't address an issue it could create a concern in the future.

Yellow

A key component, and major advantage, of an ERP is its

centralized database.

Recognizing that inappropriate and inconsistent pay can demotivate the strongest workforce, many firms use

compensation management software.

Of these business management systems, which one is focused on how managers can develop a lasting relationship with individual customers that promotes long-term buying?

customer relationship management system

Payscale.com, Payfactors.com, and Salary.com are sites that offer

employee compensation management solutions.

Human resource management systems are invaluable to HR managers who lack legal expertise because the systems

ensure that HR actions comply with governmental regulations.

What must be integrated into an organization's enterprise resource management solution to allow it to create and maintain regulatory and compliance information from a centralized location?

financial management systems software

Recruiting and hiring management software can help HR managers evaluate how their organization's future staffing needs are influenced by

internal factors such as employee turnover and external factors such as public demand for the organization's products.

Calculating reordering points and order quantity levels are key advantages of modern

inventory management systems.

In the initiation phase of project management, the client and project manager determine if the project is SMART. What does the R in SMART refer to?

realistic