MIS: Exam 3 - Ch 12 Flashcards

1
Q

Types of Decisions: Decision maker must provide judgment, evaluation, and insight to solve problem. Each decision is novel, important and non-routine, no procedure

A

Unstructured

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Types of Decisions: Repetitive and routine; involve definite procedure for handling so they do not have to be treated each time as new

A

Structured

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Types of Decisions: Only part of problem has clear-cut answer provided by accepted procedure

A

Semi-Structured

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Decisions at senior, middle and operational manager levels: Who makes many unstructured decisions

A

Senior managers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Decisions at senior, middle and operational manager levels: Who makes more structured decisions but these may include unstructured components

A

Middle managers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Decisions at senior, middle and operational manager levels: Who makes more structured decisions. Common, routine and numerous

A

Operational managers / rank-and-file type employees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Four Stages of the Decision Making process?

A

Intelligence, Design, Choice, Implementation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Which Stage of the Decision Making Process Includes: Discovering, identifying, and understanding the problems occurring in the organization

A

Intelligence

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Which Stage of the Decision Making Process Includes: Identifying and exploring solutions to the problem

A

Design

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Which Stage of the Decision Making Process Includes: Choosing among solution alternatives

A

Choice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Which Stage of the Decision Making Process Includes: Making chosen alternative work and continuing to monitor how well solution is working

A

Implementation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Which model of management is a theoretical model, good systematic practice.
Has 5 functions: Planning, organizing, coordinating, deciding, and controlling

A

Classical Model of Mngmt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Which model of management says actual behavior of managers appears to be less systematic, more informal, less reflective, more reactive, and less well organized than in classical model

A

Contemporary Behavioral Model

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Mintzberg’s 10 Managerial Roles fall into 3 categories:

A

Interpersonal, Informational and Decisional

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Category of Mintzberg’s Managerial Roles: Managers act as leaders; attempting to motivate, counsel, and support subordinates. Act as liaisons between various organizational levels and teams.

A

Interpersonal Roles

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Category of Mintzberg’s Managerial Roles: Receiving and communicating info to those who need it.

A

Informational Roles

17
Q

Category of Mintzberg’s Managerial Roles: Initiating new kinds of ideas and activities, allocate resources, negotiate conflicts, etc.

A

Decisional Roles

18
Q

Term: A sequence of unambiguous rules and/or instructions for solving a problem. Used to obtain a required output for any legitimate input(s) in a finite amount of time.

19
Q

Made possible through computer algorithms precisely defining steps for a highly structured decision. Humans taken out of decision BUT Require safeguards to ensure proper operation and regulation

A

High velocity automated decision making

20
Q

Term used by hardware and software vendors and IT consultants to describe the infrastructure for warehousing, integrating, reporting, and analyzing data that comes from the business environment.

A

Business Intelligence

21
Q

Roles of Constituencies: Operational and middle managers

A

Monitor day to day business performance. Make fairly structured decisions. Use MIS

22
Q

Roles of Constituencies: Business Analysts, Also called:

A

“Super User” - Use more sophisticated analysis. Create customized reports. Use DSS

23
Q

Name the 2 decision support system Models

A

Mathematical or Analytical Models

24
Q

Decision Support for Operational and Middle Management - Type of Analysis for Semi-Structured Decisions: Working forward from known or assumed conditions, allow the user to vary certain values to test results to predict outcomes if changes occur in those values.

A

“What-if” analysis

25
Decision Support for Operational and Middle Management - Type of Analysis for Semi-Structured Decisions: Model that ask What-if questions repeatedly to predict a range of outcomes when one or more variables are changed multiple times.
Sensitivity analysis
26
Decision Support for Operational and Middle Management - Type of Analysis for Semi-Structured Decisions: Helps decision makers with Goal Seeking: Ex: If i want to sell x# units next year, how much must price be reduced?
Backward sensitivity analysis
27
Decision Support for Operational and Middle Management - Type of Analysis for Semi-Structured Decisions: Employed to identify and understand patterns in business information that may be useful for semistructured decision making
Multidimensional analysis / OLAP
28
Decision Support for Senior Management: Which method is a framework for operationalizing a firm's strategic plan by focusing on measurable outcomes on four dimensions: Financial, Business process, Customer, Learning & growth?
Balanced Scorecard Method
29
Used to measure each dimension of a balanced scorecard
KPIs - Key Performance Indicators
30
Another popular management methodology for senior decision making that translates firm’s strategies (e.g. differentiation, low-cost producer, scope of operation) into operational targets. KPIs developed to measure progress towards targets
Business performance management (BPM)
31
Data Collected for ESS
Internal data from enterprise applications. External data such as financial market databases. Drill-down capabilities.