Chapter 8 Flashcards
What is Optimization?
It is the process of finding the best solution, one that help an organization meet its goals.
What is a satisficing model?
It is the process of finding a good but not great problem solution.
What are heuristics?
They are guidelines that find a good solution.
What is a programmed decision?
It is a decision made using guidelines.
It is easy to computerize using TIS.
What is a non-programmed decision?
It is a decision that deals with unusual situations.
It is not easily quantifiable.
What is the sense and respond (SaR) approach?
It is determining problems and developing systems to solve the problems.
What is a Management Information System?
It is an organized collection of people, procedures, software, databases, and devices that provides routine information to managers and decision-makers.
What are the outputs of an MIS?
A scheduled report
A demand report
An Exception report
A Drill-down report
What is a financial MIS?
It provides financial information to executives and others.
What is a marketing MIS?
It supports managerial activities in product development.
What is Human Resource MIS?
It is concerned with activities related to employees and potential employees.
What is an accounting MIS?
It provides aggregate information on accounts payable, accounts receivable, payroll, and many other applications.
What is a Geographic Information System (GIS)?
It is capable of assembling, storing, manipulating, and displaying geographic information.
What is a Decision Support System (DSS)?
It is an organized collection of people, procedures, software, databases, and devices used to help make decisions that solve problems.
What is a what-if analysis?
It is the process of making hypothetical changes to problem data and observing the impact on the results.
