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Exam (elaborations)

WGU C724 Practice Test

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Unstructured - (answer)Decision making process: require the decision maker to provide the necessary insight, judgment, and evaluation to reach a decision. Individuals in senior management frequently make these decisions Semi structured - (answer)Decision making process: decisions are used when o...

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  • November 3, 2022
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  • 2022/2023
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WGU C724 Practice Test
Unstructured - (answer)Decision making process: require the decision maker to provide
the necessary insight, judgment, and evaluation to reach a decision. Individuals in
senior management frequently make these decisions

Semi structured - (answer)Decision making process: decisions are used when only a
portion of the problem can be solved via an established procedure. Middle managers
more commonly make these decisions

Structured - (answer)Decision making process: decisions involve an established
procedure, are repetitive and routine, and therefore can be handled in the same manner
each time line level managers and non-management employees typically make these
decisions

EIS - (answer)Allows senior managers to make decisions to meet the strategic goals of
the organization example: digital dashboard

DSS - (answer)Handles unstructured problems at all levels

MIS - (answer)Applied to structured problems at the organizational level, automatic
decisions

Organizational Structure - (answer)how a group is organized and what keeps the
business functioning.

CEO - (answer)also called president or managing director, is responsible for the
success or failure of the company, creating the company culture, selecting the senior
management team, setting strategy and vision, and selecting projects to fund. In larger
companies, this position deals with high-level strategies and overall business growth
planning.

COO - (answer)is, responsible for the oversight of internal operations on a day-to-day
basis and for monitoring production quotas. They ensures that the limited resources are
used to provide the maximum value for stakeholders. This role communicates the
organization's mission statement to employees.

CFO - (answer)is the financial planner and is responsible for analyzing the company's
financial strengths and weaknesses. This individual must be transparent and
accountable, providing financial data and advice to stakeholders... often works as a
strategic partner with the CEO. For example, they might work together in merger and
acquisition strategies.

CIO (chief information officer) - (answer)is a business leader who analyzes internal
business processes such as payroll and billing, reshapes the physical infrastructure and

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