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Exam (elaborations)

CISB EXAM 1 2025 QUESTIONS AND ANSWERS

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Strategic decisions: - ANS -Involve higher-level issues concerned with the overall direction of the organization. -Define the organization's overall goals and aspirations for the future. Tactical decisions: - ANS -Concern how the organization should achieve the goals and objectives set by its strategy. -Are usually the responsibility of midlevel management. Operational decisions: - ANS -Affect how the firm is run from day today. -Are the domain of operations managers, who are the closest to the customer. Decision Making Process - ANS -Identify and define the problem. -Determine the criteria that will be used to -evaluate alternative solutions. -Determine the set of alternative solutions. -Evaluate the alternatives. -Choose an alternative. Business analytics: - ANS -Scientific process of transforming data into insight for making better decisions. -Used for data-driven or fact-based decision making, which is often seen as more objective than other alternatives for decision

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CISB EXAM 1 2025 QUESTIONS AND
ANSWERS


Strategic decisions: - ANS -Involve higher-level issues concerned with the overall direction of
the organization.
-Define the organization's overall goals and aspirations for the future.


Tactical decisions: - ANS -Concern how the organization should achieve the goals and
objectives set by its strategy.
-Are usually the responsibility of midlevel management.


Operational decisions: - ANS -Affect how the firm is run from day today.
-Are the domain of operations managers, who are the closest to the customer.


Decision Making Process - ANS -Identify and define the problem.
-Determine the criteria that will be used to -evaluate alternative solutions.
-Determine the set of alternative solutions.
-Evaluate the alternatives.
-Choose an alternative.


Business analytics: - ANS -Scientific process of transforming data into insight for making
better decisions.
-Used for data-driven or fact-based decision making, which is often seen as more objective than
other alternatives for decision making.




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