BTMA 317 - Chapter 12: Business Intelligence and Analytics question n answers graded A+ 2023

BTMA 317 - Chapter 12: Business Intelligence and AnalyticsBusiness Intelligence (BI) - correct answer a broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions LS: collective information that gives you the ability to make effective, and strategic business decisions Analytics - correct answer the science of fact-based decision making Three types of Analytics - correct answer descriptive, predictive, prescriptive Management - correct answer is the process by which an organization achieves it goals through the use of resources (e.g., people, money, materials and information) These resources are inputs and achieving organization's goals are the outputs. Managers oversee this process in an attempt to optimize it. Productivity - correct answer the ratio between inputs to a process and the outputs from that process Managers perform three basic roles: - correct answer (1) Interpersonal - leader, figurehead, liaison (someone who leads) (2) Informational - monitor, disseminates, analyzer, and spokesperson (someone who gathers, assess and analyze, and collect information as well as provide information) (3) Decisional role - entrepreneur, disturbance handler, resource allocator, negotiator(someone who makes effective, strategic and important decisions) Decision - correct answer a choice among two or more alternatives that individuals and groups make