MNGT Exam 4 Questions
and Answers Already
Passed
The leading methodology for understanding the really important information needed by
a firm's executives is called the ________ method.
A) digital dashboard
B) balanced scorecard
C) KPI
D) data visualization
E) predictive analytics - Answer-B) balanced scorecard
Measures defined by management and used to internally evaluate the success of a
firm's financial, business process, customer, and learning and growth are called:
A) benchmarks.
B) KPIs.
C) the balanced scorecard method.
D) BPM.
E) parameters. - Answer-B) KPIs.
A well-designed ESS helps senior executives do all of the following except:
A) monitor organizational performance.
B) track the activity of competitors.
C) recognize changing market conditions.
D) identify problems and opportunities.
E) make high-velocity automated decisions. - Answer-E) make high-velocity automated
decisions.
T/F
KPIs are used both in the balanced scorecard framework and BPM. - Answer-True
Which of the following serves as a road map indicating the direction of systems
development, the rationale, the current systems, new developments to consider, the
management strategy, the implementation plan, and the budget?
A) Project management plan
B) Portfolio analysis
, C) Information systems plan.
D) Scoring model
E) TCO analysis - Answer-C) Information systems plan.
Which method would you use to develop risk profiles for a firm's information system
projects and assets?
A) Information systems plan
B) Scoring model
C) Portfolio analysis
D) TCO analysis
E) Strategic analysis - Answer-C) Portfolio analysis
Which of the following best describes the central method used in a scoring model?
A) Performing an inventory of all of the organization's information systems projects and
assets
B) Performing a weighted comparison of the criteria used to evaluate a system
C) Surveying a large sample of managers on their objectives, decision-making process,
and uses and needs for data and information
D) Interviewing a small number of top managers to identify their goals and criteria for
achieving success
E) Calculating the return on investment for each system, and choosing the system with
the best return - Answer-B) Performing a weighted comparison of the criteria used to
evaluate a system
Which method is used to assign weights to various features of a system?
A) Information systems plan
B) Scoring model
C) Portfolio analysis
D) TCO analysis
E) Capital budget - Answer-B) Scoring model
Which of the following statements about scoring models is not true?
A) There are many qualitative judgments involved in using a scoring model.
B) A scoring model is useful for selecting projects where many criteria must be
considered.
C) The most important outcome of a scoring model is the score.
D) Agreement on the criteria used in a scoring model often requires lengthy discussions
among the decision-making group.
E) Weights assigned in a scoring model indicate which criteria are considered the most
important by the decision-making group. - Answer-C) The most important outcome of a
scoring model is the score.
) Which of the following strategies represents the proper approach to a low risk, high
reward project?
A) Identify and develop
B) Avoid
and Answers Already
Passed
The leading methodology for understanding the really important information needed by
a firm's executives is called the ________ method.
A) digital dashboard
B) balanced scorecard
C) KPI
D) data visualization
E) predictive analytics - Answer-B) balanced scorecard
Measures defined by management and used to internally evaluate the success of a
firm's financial, business process, customer, and learning and growth are called:
A) benchmarks.
B) KPIs.
C) the balanced scorecard method.
D) BPM.
E) parameters. - Answer-B) KPIs.
A well-designed ESS helps senior executives do all of the following except:
A) monitor organizational performance.
B) track the activity of competitors.
C) recognize changing market conditions.
D) identify problems and opportunities.
E) make high-velocity automated decisions. - Answer-E) make high-velocity automated
decisions.
T/F
KPIs are used both in the balanced scorecard framework and BPM. - Answer-True
Which of the following serves as a road map indicating the direction of systems
development, the rationale, the current systems, new developments to consider, the
management strategy, the implementation plan, and the budget?
A) Project management plan
B) Portfolio analysis
, C) Information systems plan.
D) Scoring model
E) TCO analysis - Answer-C) Information systems plan.
Which method would you use to develop risk profiles for a firm's information system
projects and assets?
A) Information systems plan
B) Scoring model
C) Portfolio analysis
D) TCO analysis
E) Strategic analysis - Answer-C) Portfolio analysis
Which of the following best describes the central method used in a scoring model?
A) Performing an inventory of all of the organization's information systems projects and
assets
B) Performing a weighted comparison of the criteria used to evaluate a system
C) Surveying a large sample of managers on their objectives, decision-making process,
and uses and needs for data and information
D) Interviewing a small number of top managers to identify their goals and criteria for
achieving success
E) Calculating the return on investment for each system, and choosing the system with
the best return - Answer-B) Performing a weighted comparison of the criteria used to
evaluate a system
Which method is used to assign weights to various features of a system?
A) Information systems plan
B) Scoring model
C) Portfolio analysis
D) TCO analysis
E) Capital budget - Answer-B) Scoring model
Which of the following statements about scoring models is not true?
A) There are many qualitative judgments involved in using a scoring model.
B) A scoring model is useful for selecting projects where many criteria must be
considered.
C) The most important outcome of a scoring model is the score.
D) Agreement on the criteria used in a scoring model often requires lengthy discussions
among the decision-making group.
E) Weights assigned in a scoring model indicate which criteria are considered the most
important by the decision-making group. - Answer-C) The most important outcome of a
scoring model is the score.
) Which of the following strategies represents the proper approach to a low risk, high
reward project?
A) Identify and develop
B) Avoid
