C954 Flashcards-Section-Three questions with complete verified solutions 2024
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Course
C954
Institution
C954
Operational level
Employees developed control and maintain core business activities required to run the day today operations
Structured decisions
Involves situations where establish process offers potential solutions
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C954 Flashcards-Section-
Three questions with
complete verified solutions
2024
Operational level - answer Employees developed control and maintain core
business activities required to run the day today operations
Structured decisions - answer Involves situations where establish process
offers potential solutions
Managerial level - answer Employees are constantly evaluating company
operations to hone the firms ability to identify adapt to a leverage change
Unstructured decisions - answer Incurs in situation in which no procedures
or rules exist to guide decision making towards the correct choice
Strategic level - answer Managers develop overall business strategies
goals and objectives as part of the company strategic plan
Model - answer A simplified representation or abstraction of reality
Online transaction processing OLTP - answer The capture of transaction
and event information using technology to one process the information
according to the define business rules to store the information and three
update existing information to reflect the new information
Transaction processing system (TPS) - answer The basic business system
that serves the operational level analysis in our organization
, Source document - answer Describes the original transaction record along
with details such as it state purpose and amount spent and includes cash
receipt canceled checks invoice customer refund employee timesheet etc.
Online analytical processing (OLAP) - answer The manipulation of
information to create business intelligence in support of strategy decision
making
Decision support system (DSS) - answer Model information using olap
which provides assistance in evaluating and choosing among a different
course of action
What if analysis - answer Checks the impact of a change in an assumption
on the proposed solution
Sensitivity analysis - answer The study of the impact on other variables
when one variable is changed rapeatedly
Goal seeking analysis - answer Find the input necessary to achieve a goal
such as desired level of output
Optimization analysis - answer An extension of goal seeking analysis find
the optimum value for a target variable by repeatedly changing other
variables subject to specified constraints
Executive information system (EIS) - answer Specialized DSS that support
senior level executives within the organization
Granularity - answer Refers to the level of detail in the model or the
decision making process
Digital dashboard - answer Tracks key performance indicators KPIs critical
success factors CSF by compliance information from multiple sources and
tailoring to meet your needs
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