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WGU MSITM C954 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE

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WGU MSITM C954 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE Operational level - Answers Employee-developed control that maintains core business activities required to run day-to-day activities; where day-to-day decisions and established processes offer potential solutions Structured Decisions - Answers Involves situations where an established process offers potential solutions Managerial level - Answers Employees are constantly evaluating company operations to hone the firm's ability to adapt to and leverage change Unstructured decisions - Answers Occurs in situation where no procedures or rules exist to guide decision-making toward the correct choice Transaction Processing System (TPS) - Answers The basic business system that serves operational-level analysis in an organization Source Documents - Answers Describes the original transaction record along with details that state the purpose and amount spent; includes cash receipts. canceled checks, invoices, customers, refunds, employee timesheets, etc. Online Analytical Processing (OLAP) - Answers The manipulation of information to create business intelligence to support strategic decision-making Decision Support System (DSS) - Answers Model information using OLAP, which aids in evaluating and choosing a different course of action Sensitivity Analysis - Answers The study of the impact on other variables when one variable is changed repeatedly Neural Networks - Answers A form of artificial intelligence that attempts to emulate the way the human brain works Digital Dashboard - Answers Tracks key performance indicators (KPIs) and critical success factors (CSF) from multiple sources that are tailored to fit needs Executive Information System (EIS) - Answers Specialized DSS that supports senior-level executives and delivers key information to top managers and leaders Intelligent Systems - Answers Various commercial applications of artificial intelligence genetic algorithms - Answers An AI system that mimics survival-of-the-fittest processes to generate increasingly better solutions to a problem shopping bot - Answers Software that will search several retailer websites and provide a comparison to other retailers prices and stock Employee Relationship Management (ERM) - Answers It provides employees with employee management functionality as a subset of the CRM. The applications are available through a web browser. What is a Customer Relationship Management (CRM) system? - Answers A CRM system supports traditional transactional processing for day-to-day, front office operations that deal directly with customers. What does a CRM system allow a company to do? - Answers It allows a company to better analyze and manage interactions with customers and companies that purchase the products. What are some operational functions of a CRM system? - Answers Operational functions include customer contact management, sales prospecting and identification, direct marketing, and order management and fulfillment. campaign management system - Answers Guides users through marketing campaigns by performing such tasks as campaign definition planning, scheduling, segmentation, and analyzing success management information system (MIS) - Answers A set of systems and procedures that gather data from a range of sources, compile it, and present it in a readable format that allows analysis of complex relationships among thousands to billions of data items to discover patterns, trends, and exceptions sales force automation (SFA) - Answers Creates and maintains a digital path that tracks all steps in the sales process contact management (CMS) system - Answers Maintains customer contact information and identifies prospective customers for future salse opportunity management CRM systems - Answers Target sales opportunities by finding new customers or companies for future sales supplier relationship management (SRM) - Answers Focuses on keeping supplies stocked by evaluating and categorizing suppliers for different projects, optimizing supplier selection partner relationship management (PRM) - Answers Focuses on keeping vendors satisfied manaing partners and reseller relationships, which provide customers with the optimal sales channel cloud computing - Answers Stores, manages, and processes data and applications over the internet rather than on a personal computer or server software as a service (SaaS) - Answers A method of software delivery and licensing where software is accessed online via a subscription rather than bought and installed on individual computers. The software provider manages all aspects of ensuring the software is operational. Ex. Google Docs enterprise resource planning (ERP) system - Answers A series of software applications bundled into one system that serves as an organization's backbone in providing fundamental decision-making support and information business model - Answers A plan that details how a company creates, delivers, and generates revenue hybrid ERP - Answers Splits the ERP functions between an on-premise ERP system and one or more functions handled as softward as a service in the cloud extended ERP - Answers The extra components, which focus on external operations, that meet the need compononents not covered by the core components human resources (ERP component - human resource management system [HRMS]) - Answers Tracks employee information, including payroll benefits, compensation, and performance assessment; ensures compliance with the legal requirements of multiple jurisdictions and tax authorities; helps manage the personnel needs of the business, develop employees, and control all personnel policies and programs business-to-business (B2B) - Answers Applies to a business that buys and sells with one or more organizations over the internet business-to-consumer (B2C) - Answers Applies to any business that sells its products or services to consumers over the internet

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WGU MSITM C954 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2025-2026

Operational level - Answers Employee-developed control that maintains core business activities
required to run day-to-day activities; where day-to-day decisions and established processes
offer potential solutions

Structured Decisions - Answers Involves situations where an established process offers
potential solutions

Managerial level - Answers Employees are constantly evaluating company operations to hone
the firm's ability to adapt to and leverage change

Unstructured decisions - Answers Occurs in situation where no procedures or rules exist to
guide decision-making toward the correct choice

Transaction Processing System (TPS) - Answers The basic business system that serves
operational-level analysis in an organization

Source Documents - Answers Describes the original transaction record along with details that
state the purpose and amount spent; includes cash receipts. canceled checks, invoices,
customers, refunds, employee timesheets, etc.

Online Analytical Processing (OLAP) - Answers The manipulation of information to create
business intelligence to support strategic decision-making

Decision Support System (DSS) - Answers Model information using OLAP, which aids in
evaluating and choosing a different course of action

Sensitivity Analysis - Answers The study of the impact on other variables when one variable is
changed repeatedly

Neural Networks - Answers A form of artificial intelligence that attempts to emulate the way the
human brain works

Digital Dashboard - Answers Tracks key performance indicators (KPIs) and critical success
factors (CSF) from multiple sources that are tailored to fit needs

Executive Information System (EIS) - Answers Specialized DSS that supports senior-level
executives and delivers key information to top managers and leaders

Intelligent Systems - Answers Various commercial applications of artificial intelligence

genetic algorithms - Answers An AI system that mimics survival-of-the-fittest processes to
generate increasingly better solutions to a problem

shopping bot - Answers Software that will search several retailer websites and provide a
comparison to other retailers prices and stock

,Employee Relationship Management (ERM) - Answers It provides employees with employee
management functionality as a subset of the CRM. The applications are available through a web
browser.

What is a Customer Relationship Management (CRM) system? - Answers A CRM system
supports traditional transactional processing for day-to-day, front office operations that deal
directly with customers.

What does a CRM system allow a company to do? - Answers It allows a company to better
analyze and manage interactions with customers and companies that purchase the products.

What are some operational functions of a CRM system? - Answers Operational functions
include customer contact management, sales prospecting and identification, direct marketing,
and order management and fulfillment.

campaign management system - Answers Guides users through marketing campaigns by
performing such tasks as campaign definition planning, scheduling, segmentation, and
analyzing success

management information system (MIS) - Answers A set of systems and procedures that gather
data from a range of sources, compile it, and present it in a readable format that allows analysis
of complex relationships among thousands to billions of data items to discover patterns, trends,
and exceptions

sales force automation (SFA) - Answers Creates and maintains a digital path that tracks all
steps in the sales process

contact management (CMS) system - Answers Maintains customer contact information and
identifies prospective customers for future salse

opportunity management CRM systems - Answers Target sales opportunities by finding new
customers or companies for future sales

supplier relationship management (SRM) - Answers Focuses on keeping supplies stocked by
evaluating and categorizing suppliers for different projects, optimizing supplier selection

partner relationship management (PRM) - Answers Focuses on keeping vendors satisfied
manaing partners and reseller relationships, which provide customers with the optimal sales
channel

cloud computing - Answers Stores, manages, and processes data and applications over the
internet rather than on a personal computer or server

software as a service (SaaS) - Answers A method of software delivery and licensing where
software is accessed online via a subscription rather than bought and installed on individual
computers. The software provider manages all aspects of ensuring the software is operational.

, Ex. Google Docs

enterprise resource planning (ERP) system - Answers A series of software applications bundled
into one system that serves as an organization's backbone in providing fundamental decision-
making support and information

business model - Answers A plan that details how a company creates, delivers, and generates
revenue

hybrid ERP - Answers Splits the ERP functions between an on-premise ERP system and one or
more functions handled as softward as a service in the cloud

extended ERP - Answers The extra components, which focus on external operations, that meet
the need compononents not covered by the core components

human resources (ERP component - human resource management system [HRMS]) - Answers
Tracks employee information, including payroll benefits, compensation, and performance
assessment; ensures compliance with the legal requirements of multiple jurisdictions and tax
authorities; helps manage the personnel needs of the business, develop employees, and control
all personnel policies and programs

business-to-business (B2B) - Answers Applies to a business that buys and sells with one or
more organizations over the internet

business-to-consumer (B2C) - Answers Applies to any business that sells its products or
services to consumers over the internet

contact management system - Answers Helps companies manage the creation, storage, editing,
and publication of their website content

knowledge management (KM) - Answers Involves capturing, classifying, evaluating, retrieving,
and sharing informatio assets in a way that provides context for effective decisions and actions

folksonomy - Answers Crowdsourcing that determines the tags or keyword-based classification
of online content

knowledge management system (KMS) - Answers Supports the capturing, organization, and
dissemination of knowledge (i.e. know-how) throughout an organization

real simple syndication (RSS) - Answers A web format used to publish frequently updated works
such as blogs, news headlines, audio, and video files in a standardized format

network effect - Answers Describes how products in a network increase in value in proportion to
the number of users

native advertising - Answers An online marketing concept in which the advertiser attempts to
gain attention by providing content in the context of the user's experience

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