Programmed decision Study guides, Class notes & Summaries

WGU - C483 Principles of Management Conceptual and Decision Skills Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members Controlling The management function of monitoring performance and making needed changes Cost Competitiveness Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers Emotional Intelligence The skills of understanding yourself, managing yourself, and deal...

COB 202 Final Exam (Only Chapter 9+10) Questions and answers. Decision Making - -Process of choosing a course of action for dealing with a problem or opportunity. Steps in Rational Decision Making: - -1.) Recognize and Define the Problem or Opportunity 2.) Identify and Analyze Alternative Course of Action 3.) Choose a Preferred Course of Action 4.) Implement the Preferred Course of Action 5.) Evaluate the Results and Follow Up as Necessary Lack of Participation Error - -Occurs when ce...

Information Management - application of management techniques to collect information, communicate it within and outside the organization, and process it to enable managers to make quicker and better decisions. Machine Learning - the science of getting computers to act and learn without being explicitly programmed AI - artificial intelligence; a collection of machine learning algorithms with a central unit deciding which of the ML algorithms need to kick in at what times what is data? - nu...

Henry Ford had a rule when hiring executives: "if they salted their food before they tasted it, then they would be poor decision makers and they were not hired." This is an example of - Answer-a programmed decision non-programmed decisions are associated with decisions made under conditions of - Answer-both uncertainty and risk A retail store uses a cognitive ability test to hire candidates for a managerial position. They have found when they use a cut-score of 115 (an above average IQ s...

decision making correct answers the process by which managers respond to opportunities and threats by analyzing options and making determinations about specific organizational goals and course of action. The essence of management. programmed decision making correct answers Routine, virtually automatic decision making that follows established rules or guidelines. non programmed decision making correct answers non-routine decision making that occurs in response to unusual, unpredictable oppo...

WGU C207 OA Partial test Questions with Answers What are the two potential uses of analytics?  To turn information into insight  To develop fact-based strategies Which two tools help users to understand processes?  Control charts  Flow charts A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add 1mm to each rod. What is the resulting mistake representative of?  Systematic error Which type of result is pr...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

A tool that supports programmed decisions, __________ guides the decision maker to the correct choice and consistency of decision making. -a decision tree -majority rule -the nominal group technique -anchoring - Answer a decision tree __________ are unique and important and require conscious thinking, information gathering, and careful consideration of alternatives. -intuitive decisions -programmed decisions -automated decisions -nonprogrammed decisions - Answer Nonprogrammed de...

Usability and user-interface design are key factors in delivering apps that business users will adopt a - Answer-True* Increasingly, companies are no longer incorporating computer-based information systems into their products and services. - Answer-False* _____ are people who work directly with information systems to get results. - Answer-End users* Application software, such as Microsoft Word, manages basic computer operations such as start-up. - Answer-False* The term data is used to la...

Test Bank Principles of Management by OpenStax. Isbn. 9781593998769. Principles of Management by Anastasia Cortes, Jason Lambert, David Bright. Contents:=Chapter 1  Managing and Performing Introduction 1.1 What Do Managers Do? 1.2 The Roles Managers Play 1.3 Major Characteristics of the Manager's Job Key Terms Summary of Learning Outcomes Chapter Review Questions Management Skills Application Exercises Managerial Decision Exercises Critical Thinking Case Chapter 2  Manageria...