Question 1

What is software that will search several retailer websites and provide a comparison of each retailer's offerings,including prices and availability?

Accepted Answer

A)   Augmented reality
B)   Mutation
C)   Fuzzy logic
D)   Shopping botE) A) and D)
F) A) and C)

Question 2

Which of the below categories of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?

Accepted Answer

A)   Expert system
B)   Virtual reality
C)   Neural network
D)   Genetic algorithmE) A) and C)
F) A) and D)

Question 3

What uses technology allowing humans to interact with a computer through bodily sensations and movements-for example,a cell phone vibrating in your pocket?

Accepted Answer

A)   Augmented reality
B)   Google Glass
C)   Haptic interface
D)   Virtual realityE) None of the above
F) All of the above

Question 4

Explain the value of business processes for a company,and differentiate between customer-facing and business-facing process.

Accepted Answer

A business process is a standardized set...

Question 5

Operational business processes are dynamic,non-routine,long-term business processes such as financial planning,expansion strategies,and stakeholder interactions.

Accepted Answer

A) True 
 B)False

Question 6

What models information and provides assistance in evaluating and choosing among different courses of action?

Accepted Answer

A)   OLTP
B)   OLAP
C)   TPS
D)   DSSE) All of the above
F) None of the above

Question 7

What is the DSS analysis that checks the impact of a change in a variable or assumption on the model?

Accepted Answer

A)   Optimization analysis
B)   Goal-seeking analysis
C)   Sensitivity analysis
D)   What-If analysisE) C) and D)
F) A) and B)

Question 8

Which of the following is an incorrect enterprise view of information technology?

Accepted Answer

A)   Processes are analytical for executives and transactional for analysts.
B)   Granularity is coarse for executives and fine for analysts.
C)   Processing is OLTP for executives and OLAP for analysts.
D)   None of these choicesE) A) and D)
F) A) and C)

Question 9

Review the below key terms.Which one defines an operational decision that involves situations where established processes offer potential solutions?

Accepted Answer

A)   Optimization analysis decision
B)   Artificial intelligence decision
C)   Structured decision
D)   Unstructured decisionE) B) and D)
F) B) and C)

Question 10

A static process uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously.Managers constantly attempt to optimize static process.

Accepted Answer

A) True 
 B)False

Question 11

Which of the below is an example of a critical success factor?

Accepted Answer

A)   Increase customer satisfaction
B)   Number of new customers
C)   Number of new products
D)   Percentage of employee turnoverE) None of the above
F) C) and D)

Question 12

Executives of a company deal less with details of the operational activities and deal more with the higher meaningful aggregations of information or "coarser" information.What refers to the level of detail in the model?

Accepted Answer

A)   Drill-down
B)   Visualization
C)   Granularity
D)   ConsolidationE) All of the above
F) A) and D)

Question 13

Describe artificial intelligence,and identify its five main types.

Accepted Answer

Artificial intelligence (AI)simulates hu...

Question 14

What is the flow that a systems thinking approach using a TPS would follow?

Accepted Answer

A)   Streamlining (Input) - CRUD,calculate (process) - reports (output) 
B)   Source Documents (input) - optimization analysis (process) - (feedback) - (output) 
C)   Source Documents (input) - CRUD,calculate (process) - reports (output) - (feedback) 
D)   Selling Documents (input) - cycle time (process) - reports (output) - (feedback) E) A) and B)
F) A) and C)

Question 15

Digital dashboards offer consolidation,drill-down,and slice-and-dice capabilities.

Accepted Answer

A) True 
 B)False

Question 16

What can a model accomplish?

Accepted Answer

A)   Calculate risks
B)   Understand uncertainty
C)   Manipulate time
D)   All of these choicesE) A) and C)
F) A) and B)

Question 17

Which of the below does not represent a category of AI?

Accepted Answer

A)   Genetic algorithms
B)   Neural networks
C)   Expert systems
D)   ConsolidationE) B) and C)
F) A) and B)

Question 18

Which of the below is correct in terms of granularity?

Accepted Answer

A)   Refers to the level of detail in the model
B)   The greater the granularity the deeper the level of detail of the data
C)   The greater the granularity the deeper the level of fineness of the data
D)   All of these choicesE) All of the above
F) A) and B)

Question 19

What must managers be able to do to compete in today's global marketplace?

Accepted Answer

A)   Make decisions to gain competitive advantages
B)   Make decision that can help forecast future business needs
C)   Make decision that can help forecast future business requirements
D)   All of these choicesE) C) and D)
F) B) and C)

Question 20

Strategic business processes are dynamic,non-routine,long-term business processes such as financial planning,expansion strategies,and stakeholder interactions.

Accepted Answer

A) True 
 B)False

Exam 2: Decisions Processes: Value Driven Business

What can a model accomplish?

Correct AnswerverifiedShow Answer

What is software that will search several retailer websites and provide a comparison of each retailer's offerings,including prices and availability?

Correct AnswerverifiedShow Answer

Which of the below is correct in terms of granularity?

Correct AnswerverifiedShow Answer

Which of the below is an example of a critical success factor?

Correct AnswerverifiedShow Answer

Strategic business processes are dynamic,non-routine,long-term business processes such as financial planning,expansion strategies,and stakeholder interactions.

Correct AnswerverifiedShow Answer

What is the DSS analysis that checks the impact of a change in a variable or assumption on the model?

Correct AnswerverifiedShow Answer

Which of the following is an incorrect enterprise view of information technology?

Correct AnswerverifiedShow Answer

Review the below key terms.Which one defines an operational decision that involves situations where established processes offer potential solutions?

Correct AnswerverifiedShow Answer

Describe artificial intelligence,and identify its five main types.

Correct AnswerverifiedArtificial intelligence (AI)simulates hu...View AnswerShow Answer

Explain the value of business processes for a company,and differentiate between customer-facing and business-facing process.

Correct AnswerverifiedA business process is a standardized set...View AnswerShow Answer

A static process uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously.Managers constantly attempt to optimize static process.

Correct AnswerverifiedShow Answer

What must managers be able to do to compete in today's global marketplace?

Correct AnswerverifiedShow Answer

What uses technology allowing humans to interact with a computer through bodily sensations and movements-for example,a cell phone vibrating in your pocket?

Correct AnswerverifiedShow Answer

Executives of a company deal less with details of the operational activities and deal more with the higher meaningful aggregations of information or "coarser" information.What refers to the level of detail in the model?

Correct AnswerverifiedShow Answer

Operational business processes are dynamic,non-routine,long-term business processes such as financial planning,expansion strategies,and stakeholder interactions.

Correct AnswerverifiedShow Answer

What is the flow that a systems thinking approach using a TPS would follow?

Correct AnswerverifiedShow Answer

What models information and provides assistance in evaluating and choosing among different courses of action?

Correct AnswerverifiedShow Answer

Which of the below does not represent a category of AI?

Correct AnswerverifiedShow Answer

Digital dashboards offer consolidation,drill-down,and slice-and-dice capabilities.

Correct AnswerverifiedShow Answer

Which of the below categories of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?

Correct AnswerverifiedShow Answer

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Artificial intelligence (AI)simulates hu...
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A business process is a standardized set...
View Answer

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