Lecture 2 Flashcards
1
Q
What are structured decisions?
A
Governed by clear rules
E.g. Granting of credit to customer
Points based system (employed, married, home owner etc.)
2
Q
What are unstructured decisions?
A
No set procedure for arriving at decision
E.g. Hiring executive staff
Qualifications, experience, character, intelligence etc.
3
Q
Transaction processing systems(TPS):
Functional?
A
Directly supports business functions
Day-to-day activity
4
Q
Transaction processing systems(TPS):
Deterministic?
A
Always has a defined outcome
5
Q
Transaction processing systems(TPS):
Routine?
A
Mechanistic – rule based - structured
Low level of decision making