Omis decision making - Study guides, Class notes & Summaries

OMIS Decision Making Question and answers rated A+ OMIS Decision Making Steps to Good Decision Making - correct answer -Clearly define the problem and the factors that influence it. -Develop specific and measurable objectives. -Develop a model - that is, a relationship between objectives and variables. -Evaluate each alternative solution based on its merits and drawbacks. -Select the best alternative. -Implement and evaluate the decision and then set a timetable for competition. A...

OMIS 350 Question and answers rated A+ OMIS 350 - Exam 1 D. Greater emphasis on hierarchy and structure - correct answer All of the following are characteristics of twenty-first digital firms except: emphasis on decision-making based on data and analysis. of social media to enter into conversations with customers. er awareness of changes in technology, consumer attitudes, and culture. er emphasis on hierarchy and structure. r understanding of the importance of information technol...

OMIS 472 Midterm Exam Question and answers correctly solved OMIS 472 Midterm Exam Data = - correct answer -raw figures -metadata Information = - correct answer With context data become information, reveals relationships between entities (What?) Knowledge = - correct answer With added meaning, reveals trends and patterns (Why?) Wisdom = - correct answer reveals ideas, principles, biases, insights over time (What could happen?) Decision= - correct answer course of acti...

OMIS Midterm Prep Questions with complete solution OMIS Midterm Prep Decision making process - correct answer 1. Identify the problem 2. determine criteria used to evaluate alternatives 3. determine alternatives 4. evaluate alternatives 5. Choose alternative Types of decisions - correct answer 1. Strategic - high level 2. Tactical - med level 3. Operational - day to day two factors that make decision making difficult - correct answer 1. Uncertainty 2. Overwhelming number...

OMIS 472 FINAL EXAM 2024 GRADED A+ Data analytics - a process that involves: (a) identifying the problem (b) gathering relevant data that frequently are not in a usable form (c) cleaning up the data to make them usable (d) loading them into data storage models (e) manipulating them to discover information that leads to actionable insights (f) making decisions based on those insights Data analytics enables us to answer the following questions: - - What has happened in the past? ...

OMIS 327 Exam 1 Question and answers already passed OMIS 327 Exam 1 Descriptive Analytics - correct answer the study and consolidation of historical data Predictive Analytics - correct answer forecasting future outcomes based on patterns in the past data Prescriptive Analytics - correct answer the use of optimization methods Deterministic Model - correct answer A mathematical model that does not involve rick or chance; all values are know with complete certainty Probabili...

OMIS 338 Question and answers verified to pass OMIS 350 - Exam 1 D. Greater emphasis on hierarchy and structure - correct answer All of the following are characteristics of twenty-first digital firms except: emphasis on decision-making based on data and analysis. of social media to enter into conversations with customers. er awareness of changes in technology, consumer attitudes, and culture. er emphasis on hierarchy and structure. r understanding of the importance of information ...

Omis 351 quiz 6 Questions with complete solution Omis 351 quiz 6 What was the point of VC4? - correct answer To learn how to create tables and relationships in Access, so that we might query the data later. Business intelligence - correct answer refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis to be able to answer questions about a business. Data Warehouse - correct answer large, batch-u...

OMIS 351 FINAL EXAM ACTUAL QUESTIONS AND ANSWERS 2024 GRADED A You learn that a party at Frat House A will have 150 people and a part at Frat House B will have 5 people. You dont know any of the people and each party costs $5 to get in. You choose Frat House A because of brand supplier power network effects price value chain analysis Ans- network effects Chuck and Kyle's coffee shop is now offering a "buy 5 cups of coffee and get 1 free" promotion. This loyalty program has the ...

OMIS 352 FINAL EXAM ACTUAL QUESTIONS AND ANSWERS SOLVED 100% _____ address where the project stands in terms of meeting scope, time, and cost goals a.Status reports b.Lessons-learned reports c.Technical reports d.Progress reports Ans- A. Status Reports Analogous estimates are also known as _____ estimates. a. parametric b. bottom-up c. top-down d. budgetary Ans- C. Top Down Which of the following is true about identifying stakeholder? a.It is not very difficult t...