BCOR Samenvattingen, Aantekeningen en Examens

Strategic decision - correct answer involve higher-level issues concerned with the overall direction of the organization what do strategic decisions do? - correct answer define the organization's overall goals and aspirations for the future. tactical decision - correct answer how the organization should achieve the goals and objectives set by its strategy, and they are usually the responsibility of midlevel management. operational decisions - correct answer how the firm is run from...

data warehouse - Answer- a repository of historical data that are organized by subject to support decision makers in the organization, primarily used by large companies what is stored in a data warehouse? - Answer- data that provides info to help with making decisions who decides what data is stored in a data warehouse? - Answer- outputs - Answer- the product or a service created by the process inputs - Answer- materials, services, and information that flow through and are transform...

Which category of analytics will knowledge workers use to perform their jobs? - Answer- All answers are correct: Descriptive analytics techniques that describe past performance and history. Predictive analytics techniques that extract information from data and use it to predict future trends and identify behavioral patterns. Prescriptive analytics techniques that create models indicating the best decision to make or course of action to take. Which of the following refers to applications...

information management - Answer- application of management techniques to collect information, communicate it, and process it to make quicker/better decisions machine learning - Answer- science of getting computers to learn without being explicitly programmed, subset of A.I. artificial intelligence - Answer- a collection of machine learning algorithms with a central unit deciding which of the machine learning algorithms to kick in at what time digital exhaust - Answer- trail of data that...

Monitoring performance, comparing it with goals, and taking corrective action as needed is the management function known as - controlling a high tolerance for ambiguity is especially characteristic of entrepreneurs - true ________ is the process of working with people and resources to accomplish organizational goals - management four traditional management functions, still relevant today, include - planning, leading, controlling, and organizing the management function of _______ is specif...

Which financial statement describes the financial position of a company at a particular point in time? Balance sheet During 2021, Moss Corp. made $150,000 in cash payments to employees for wages. In which section of the statement of cash flows will this cash flow appear? Operating section Which method for preparing the operating section of the statement of cash flows typically leads to a higher operating cash flow total? they both lead to the same amount Which of the foll...

values desirable principles or qualities ethics your beliefs (come from inside of you) about what is wrong/right and good/bad, especially in actions that affect others 00:05 01:08 business ethics full awareness of what one is doing, its consequences of your decisons ethical dilemmas decisons that conflict with beliefs and values values you hold are in conflict types of ethical dilemmas individuality vs community justice vs mercy truth vs loyalty ...

Managerialism running firm for management benefit NOT shareholder's Corporate Governance relationship between • management • board • shareholders 00:04 01:08 BOD Board Of Directors oversee CEO and senior management Management operate the business The Panalba Case composition of who is on the board makes a huge difference/influence on decisions Sarbanes Oxley protection for investors = shapes corporate governance and increased regulation...

Milgram Experiments You will push further when you don't see the victim What can you do? 1) Recognize problem 2) Name values implicated 3) What values can conflict 4) What will you do? 5) Act on them Value Desirable principle or quality Ethical decision making theories Consequentialist, deontological, virtue ethics Consequentialist Look at action, predict result, what has most positive result Greatest good for the greatest number (utilitarianism) Looks a...

Judgement Errors Business errors or mistakes that occur due to poor decision making Biases Biases focus on small bits of information instead of the entire amount and judgements are based on bad logic and reasoning "You would buy that cereal again right?" Framing "We're 100% sure the stock price will go up" Overconfidence "Everything I read supports the correlation between immunizations and autism" Confirmation Bias "Just fire the jerk" Decision F...