AN300 EXAM 1 UKY QUESTIONS & ANSWERS
Decision Making - Answers :Choosing among alternative courses of action to improve
organization performance
-plan
-coordinate
-organize
-lead
Decision Making Process - Answers :define/identify a decision-making situation
determine the criteria used to evaluate alternative solutions to the problem
identify alternative solutions
evaluate each alternative using chosen criteria
choose an alternative
Decision making approaches: Subjective Approach - Answers :tradition/convention
experience
intuition/gut feeling
thumb rules
Decision making approaches: business analytics approach - Answers
:scientific/objective
fact based
data-driven
actionable insights
computer-aided
Business analytics categories - Answers :descriptive analysis - what has happened?
Predictive analytics - what could happen?
Prescriptive analytics - what should happen?
Descriptive analytics techniques - Answers :What happened?
- data queries
Decision Making - Answers :Choosing among alternative courses of action to improve
organization performance
-plan
-coordinate
-organize
-lead
Decision Making Process - Answers :define/identify a decision-making situation
determine the criteria used to evaluate alternative solutions to the problem
identify alternative solutions
evaluate each alternative using chosen criteria
choose an alternative
Decision making approaches: Subjective Approach - Answers :tradition/convention
experience
intuition/gut feeling
thumb rules
Decision making approaches: business analytics approach - Answers
:scientific/objective
fact based
data-driven
actionable insights
computer-aided
Business analytics categories - Answers :descriptive analysis - what has happened?
Predictive analytics - what could happen?
Prescriptive analytics - what should happen?
Descriptive analytics techniques - Answers :What happened?
- data queries
