What is operational decision making?
Employees develop, control, and maintain core business activities required to run the day-to-day operations
What is structured decisions?
Situations where established processes offer potential solutions
What is managerial decision making?
Employees evaluate company operations to identify, adapt to, and leverage change
What is semistructured decisions?
Occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommended decision
What is strategic decision making?
managers develop overall strategies, goals, and objectives
What is unstructured decisions?
occurs in situations in which no procedures or rules exist to guide decision makers toward the correct choice
What is a model?
a simplified representation or abstraction of reality
What is a decision support system?
models information to support managers and business professionals during the decision making process
What is executive information systems?
a specialized DSS that supports senior level executives within the organization
What is artificial intelligence?
stimulates human intelligence such as the ability to reason and learn
What is transactional information?
encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational or structured decisions
What is transaction processing system?
basic business system that serves the operational level and assists in making structured decisions
What is online transaction processing?
capturing of transaction and event information using technology to process, store, and update
What is source document?
the original transaction record
What is analytical information?
encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis or semistructured decisions
What is online analytical processing?
manipulation of information to create business intelligence in support of strategic decision making
What is decision support system?
models information to support managers and business professionals during the decision-making process
What is a what-if analysis?
checks the impact of a change in an assumption on the proposed solution
What is sensitivity analysis?
the study of the impact that changes in one or more parts of the model have on other parts of the model
What is goal-seeking analysis?
finds the inputs necessary to achieve a goal such as a desired level of output
What is optimization analysis?
an extension of goal-seeking analysis, finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints
What is granularity?
refers to the level of detail in the model or the decision-making process
What is visualization?
produces graphical displays of patterns and complex relationships in large amounts of data
What is digital dashboard?
tracks KPIs and CSFs by compiling information from multiple sources and tailoring it to meet user needs
What is consolidation?
involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information
What is expert system?
computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems
What is neural network?
attempts to emulate the way the human brain works
What is genetic algorithm?
an artificial intelligent system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem
What is intelligent agent?
special-purpose knowledge-based information system that accomplishes specific tasks on behalf of its users
What is virtual reality?
a computer-stimulated environment that can be a stimulation of the real world or an imaginary world
What can a model accomplish?
calculate risks, understand uncertainty, manipulate time
Which of the following is an INCORRECT enterprise view of information technology?
processing is OLTP for executives and OLAP for analyst
What are various commercial applications of artificial intelligence called?
What is slice-and-dice capability?
the ability to look at information from different perspectives
What integrates information from multiple components and tailors the information to individual preferences?
What system differentiates an executive information system from a decision support system and a transaction processing system?
stock market information system
Which of the following represents the top-down (executives to analysts) organizational levels of information technology?
EIS, DSS, TPS
What is a category of AI that attempts to emulate the way the human brain works?
Which of the following is not a reason for the growth of decision-making information systems?
People no longer have to worry about protecting the corporate asset of organizational information.
Which of the following is a quantitative model typically used by a DSS?
sensitivity analysis, what-if analysis, goal-seeking analysis
What is drill-down capability?
enables users to get details, and details of details, of information
Which of the following is a type of decision support system?
What is an artificial intelligence system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem?
Which of the following is a type of transaction processing system?