MIS 180 SDSU Chapter 2 Questions And
Answers With Verified Solutions 100%
Correct!!!
managerial decisions - ANSWER✔✔-analyze large amounts of information
-apply sophisticated analysis techniques
-make decisions quickly
6 step decision making process - ANSWER✔✔-problem identification
-data collection
-solution generation
-solution test
-solution selection
-solution implementation
operational decision-making - ANSWER✔✔employees develop control and
maintain core business activities required to run the day-to-day operations
structures decisions - ANSWER✔✔situations where established processes offer
potential solutions
managerial decision-making - ANSWER✔✔employees evaluate company
operations to identify, adapt to, and leverage change
semistructured decisions - ANSWER✔✔occur in situations in which a few
established processes help to evaluate potential solutions, but not enough to lead to
a definite recommended decision
, strategic decision making - ANSWER✔✔managers develop overall strategies,
goals, and objectives
unstructured decisions - ANSWER✔✔occur in situations in which no procedures
or rules exist to guide decision-makers toward the correct choice
project - ANSWER✔✔a temporary activity a company undertakes to create a
unique product, service or result
metrics - ANSWER✔✔measurements that evaluate results to determine whether a
project is meeting its goals (how we measure how well one is doing)
critical success factors - ANSWER✔✔the crucial activities that must be done well
for a company to achieve their goals and objectives and implement strategies
-create high-quality products
-retain competitive advantages
-reduce product costs
-increase customer satisfaction
-hire and retain the best proffessionals
key performance indicators - ANSWER✔✔the quantifiable metrics a company
uses to evaluate progress toward critical success factors
-turnover rates of employees (CSF:product cost)
-number of product returns (CSF: quality)
-numbers of new customers
-average customer spending
Answers With Verified Solutions 100%
Correct!!!
managerial decisions - ANSWER✔✔-analyze large amounts of information
-apply sophisticated analysis techniques
-make decisions quickly
6 step decision making process - ANSWER✔✔-problem identification
-data collection
-solution generation
-solution test
-solution selection
-solution implementation
operational decision-making - ANSWER✔✔employees develop control and
maintain core business activities required to run the day-to-day operations
structures decisions - ANSWER✔✔situations where established processes offer
potential solutions
managerial decision-making - ANSWER✔✔employees evaluate company
operations to identify, adapt to, and leverage change
semistructured decisions - ANSWER✔✔occur in situations in which a few
established processes help to evaluate potential solutions, but not enough to lead to
a definite recommended decision
, strategic decision making - ANSWER✔✔managers develop overall strategies,
goals, and objectives
unstructured decisions - ANSWER✔✔occur in situations in which no procedures
or rules exist to guide decision-makers toward the correct choice
project - ANSWER✔✔a temporary activity a company undertakes to create a
unique product, service or result
metrics - ANSWER✔✔measurements that evaluate results to determine whether a
project is meeting its goals (how we measure how well one is doing)
critical success factors - ANSWER✔✔the crucial activities that must be done well
for a company to achieve their goals and objectives and implement strategies
-create high-quality products
-retain competitive advantages
-reduce product costs
-increase customer satisfaction
-hire and retain the best proffessionals
key performance indicators - ANSWER✔✔the quantifiable metrics a company
uses to evaluate progress toward critical success factors
-turnover rates of employees (CSF:product cost)
-number of product returns (CSF: quality)
-numbers of new customers
-average customer spending
