100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BCOR 2020 Exam 1 Study Guide with Complete Solutions $9.99   Add to cart

Exam (elaborations)

BCOR 2020 Exam 1 Study Guide with Complete Solutions

 6 views  0 purchase
  • Course
  • BCOR
  • Institution
  • BCOR

BCOR 2020 Exam 1 Study Guide with Complete Solutions Strategic decision - Answer️️ -involve higher-level issues concerned with the overall direction of the organization what do strategic decisions do? - Answer️️ -define the organization's overall goals and aspirations for the future. ...

[Show more]

Preview 2 out of 10  pages

  • August 27, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BCOR
  • BCOR
avatar-seller
SophiaBennett
©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM


BCOR 2020 Exam 1 Study Guide with
Complete Solutions

Strategic decision - Answer✔️✔️-involve higher-level issues concerned with
the overall direction of the organization

what do strategic decisions do? - Answer✔️✔️-define the organization's
overall goals and aspirations for the future.

tactical decision - Answer✔️✔️-how the organization should achieve the
goals and objectives set by its strategy, and they are usually the
responsibility of midlevel management.

operational decisions - Answer✔️✔️-how the firm is run from day to day

1st step of decision making process - Answer✔️✔️-identify and define the
problem

2nd step in decision making process - Answer✔️✔️-determine the criteria
that will be used to evaluate alternative solutions

3rd step in decision making process - Answer✔️✔️-determine the set of
alternative solutions

4th step in decision making process - Answer✔️✔️-Evaluate alternatives

5th step in decision making process - Answer✔️✔️-choose an alternative

what is business analytics? - Answer✔️✔️-scientific process of transforming
data into insight for making better decisions


1

, ©SOPHIABENNET@2024/2025 Monday, August 19, 2024 10:32 PM

descriptive analytics - Answer✔️✔️-the set of techniques that describes what
has happened in the past

predictive analytics - Answer✔️✔️-techniques that use models constructed
from past data to predict the future or ascertain the impact of one variable
on another

prescriptive analytics - Answer✔️✔️-a course of action to take; that is, the
output of a prescriptive model is a decision. Predictive models provide a
forecast or prediction, but do not provide a decision

data - Answer✔️✔️-facts and figures collected, analyzed, and summarized
for presentation and interpretation

variable - Answer✔️✔️-A characteristic or quantity of interest that can take
on different values.

observation - Answer✔️✔️-A set of values corresponding to a set of
variables.

variation - Answer✔️✔️-Differences in values of a variable over
observations.

random/uncertain variable - Answer✔️✔️-A quantity whose values are not
known with certainty

population data - Answer✔️✔️-data from the set of all elements of interest in
a particular study

sample data - Answer✔️✔️-data from a subset of the population



2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart