JMU COB 204 Exam 2 Practice Questions
and Answers
Business Intelligence (BI) - ANSWER-a broad category of applications, technologies, and processes for
gathering, storing, accessing, and analyzing data to help business users make better decisions
ROI - ANSWER-Return on Investment
Business anal...
Time pressure - ANSWER✔✔-often not possible to manually process information fast enough to be
effective
More complex - ANSWER✔✔-usually necessary to conduct a sophisticated analysis
Data warehousing - ANSWER✔✔-provides the data needed for BI
Problem structure - ANSWER✔✔-decision making processes fall along a continuum ranging from highly
structured to highly unstructured
Problem structure dimensions - ANSWER✔✔-
Structured decisions - ANSWER✔✔-deal with routine and repetitive problems for which standard
solutions exist. Ex. inventory control
Unstructured decisions - ANSWER✔✔-intended to deal with "fuzzy," complex problems for which there
are no cut-and-dried solutions. Ex. hiring an executive
Semistructured decisions - ANSWER✔✔-require a combination of standard solution procedures and
individual judgement. Ex. evaluating employees
Nature of Decisions categories - ANSWER✔✔-
Operational control - ANSWER✔✔-executing specific tasks efficiently and effectively
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