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Exam 2: Strategic Decision Making

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Question 31

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A genetic algorithm is an artificial intelligence system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem.

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Question 32

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Where is the data stored that is often used to source the data and information contained in decision support and executive information systems?

A) Transaction processing systems
B) AI systems
C) Expert systems
D) CRM system

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Question 33

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What is the study of the impact that changes in one (or more) parts of the model have on other parts of the model?

Virtual reality is a computer-simulated environment that can be a simulated world or an imaginary world.

_____ addresses effectiveness-setting the right goals and objectives and ensuring they are accomplished.

The basic building block of data is provided by ______ system which is further used by other systems for deriving analytical information.

Key performance indicators (KPIs) are the quantifiable metrics a company uses to evaluate progress toward critical success factors.

Which of the following is a type of decision support system?

A shopping bot is one of the simplest examples of an intelligent agent.

What encompasses all summarized or aggregated transactional data, and its primary purpose is to support performing analysis tasks?

Distinguish between OLTP and OLAP with respect to the types of decisions made.

Which system imitates the reasoning processes of a skilled professional in solving difficult problems?

___________ analysis occurs when users change the value of one variable repeatedly and observe the resulting changes in other variables.

_____ objectives are unstructured.

What represents the current state of the operation that has been mapped, without any specific improvements or changes to existing processes?

Artificial intelligence simulates ______________ intelligence such as the ability to reason and learn.

Strategic decisions focus on short-term objectives whereas operational decisions focus on long-term objectives.

An insurance company may use ___ to analyze the amount of risk the company is undertaking when it insures drivers who have a history of driving under the influence of alcohol.

Sensitivity analysis, what-if analysis, and market basket analysis are the three quantitative models typically used by a DSS.

Which of the following is not a reason for the growth of decision-making information systems?