UTK Management 202-Unit 2 Exam
Questions With 100% Correct Answers
2025-2026 Updated.
What is the role of information in the management process? - Answer helps managers make
sound decisions, using useful information to back up decisions
3 main competencies for managers - Answer technological, information, analytical
5 characteristics of useful information - Answer -timely
-high quality
-complete
-relevant
-understandable
analytics - Answer systematic gathering and processing of data to make it as useful as
information
data vs. information - Answer -data-raw facts and observations
-information-data made useful for decision making
data mining - Answer process of analyzing data to produce useful information for decision
makers
big data - Answer exists in huge quantities and is difficult to process without sophisticated
mathematical and computing techniques
management + analytics - Answer systematic gathering and processing of data to make
informed decisions
executive dashboards - Answer Visually update and display key performance indicators and
information on a real-time basis
, public information - Answer disseminated to stakeholders and external environment
decision - Answer choice among possible alternative courses of action
performance threat - Answer something is wrong or has the potential to go wrong
performance opportunity - Answer situation offers the chance for a better future if the right
steps are taken
problem avoiders - Answer inactive in info gathering and solving problems
problem solvers - Answer reactive in gathering info and solving problems
problem seekers - Answer proactive in anticipating problems and opportunities taking
appropriate action to gain an advantage
systematic thinking - Answer approaches problems in a rational, step-by-step, and analytical
fashion
intuitive thinking - Answer approaches problems in a flexible and spontaneous fashion
certain environment - Answer complete info on possible action alternatives and their
consequences
risk environment - Answer lacks complete info but offers probabilities of the likely outcomes
for possible action alternatives (incomplete info)
uncertain environment - Answer lacks so much info that it is difficult to assign probabilities
to the likely outcomes of alternatives
Steps in managerial decision making and problem solving - Answer Step 1: find and define
the problem
Questions With 100% Correct Answers
2025-2026 Updated.
What is the role of information in the management process? - Answer helps managers make
sound decisions, using useful information to back up decisions
3 main competencies for managers - Answer technological, information, analytical
5 characteristics of useful information - Answer -timely
-high quality
-complete
-relevant
-understandable
analytics - Answer systematic gathering and processing of data to make it as useful as
information
data vs. information - Answer -data-raw facts and observations
-information-data made useful for decision making
data mining - Answer process of analyzing data to produce useful information for decision
makers
big data - Answer exists in huge quantities and is difficult to process without sophisticated
mathematical and computing techniques
management + analytics - Answer systematic gathering and processing of data to make
informed decisions
executive dashboards - Answer Visually update and display key performance indicators and
information on a real-time basis
, public information - Answer disseminated to stakeholders and external environment
decision - Answer choice among possible alternative courses of action
performance threat - Answer something is wrong or has the potential to go wrong
performance opportunity - Answer situation offers the chance for a better future if the right
steps are taken
problem avoiders - Answer inactive in info gathering and solving problems
problem solvers - Answer reactive in gathering info and solving problems
problem seekers - Answer proactive in anticipating problems and opportunities taking
appropriate action to gain an advantage
systematic thinking - Answer approaches problems in a rational, step-by-step, and analytical
fashion
intuitive thinking - Answer approaches problems in a flexible and spontaneous fashion
certain environment - Answer complete info on possible action alternatives and their
consequences
risk environment - Answer lacks complete info but offers probabilities of the likely outcomes
for possible action alternatives (incomplete info)
uncertain environment - Answer lacks so much info that it is difficult to assign probabilities
to the likely outcomes of alternatives
Steps in managerial decision making and problem solving - Answer Step 1: find and define
the problem
