Question 1

Metrics are temporary activities a company undertakes to create a unique product,service,or result.

Accepted Answer

A project is a temporary activity a company undertakes to create a unique product,service,or result.

Question 2

Measuring the amount of website traffic is the best way to determine an organization's success.

Accepted Answer

A large amount of website traffic does not indicate large revenues or website success.

Question 3

A project is a temporary activity a company undertakes to create a unique product,service,or result.

Accepted Answer

A project is a temporary activity a company undertakes to create a unique product,service,or result.

Question 4

Effectiveness MIS metrics include throughput,transaction speed,and system availability.

Accepted Answer

Efficiency MIS metrics include throughput,speed,and availability.

Question 5

One of the most important and challenging questions confronting managers today is how to lay the foundation for tomorrow's success while competing to win in today's business environment.

Accepted Answer

The most important and most challenging questions confronting managers today is how to lay the foundation for tomorrow's success while competing to win in today's business environment.

Question 6

The structure of a typical organization is similar to a pyramid,with different levels that require one consistent type of information to assist with all managerial decision making.

Accepted Answer

The structure of a typical organization is similar to a pyramid,with different levels that require different types of information to assist decision making,problem solving,and opportunity capturing.

Question 7

At the operational level employees develop,control,and maintain core business activities required to run the day-to-day operations.

Accepted Answer

At the operational level employees develop,control,and maintain core business activities required to run the day-to-day operations.

Question 8

Operational decisions are considered structured decisions.

Accepted Answer

Operational decisions are considered structured decisions.

Question 9

At the operational level employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Accepted Answer

At the managerial level employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Question 10

Benchmarks are baseline values the system seeks to attain.

Accepted Answer

Benchmarks are baseline values the system seeks to attain.

Question 11

Key performance indicators can focus on external and internal measurements.

Accepted Answer

Key performance indicators (KPIs)can focus on external and internal measurements.

Question 12

The construction of a new city subway station and the processing of monthly payroll are both considered types of projects as defined in your text.

Accepted Answer

A project is considered a temporary activity a company undertakes to create a unique product,service,or result.The subway station construction is a project,however payroll processing is not a project and does not create a unique product,service,or result.

Question 13

Unstructured decisions occur in situations in which no procedures or rules exist to guide decision makers towards the correct choice.

Accepted Answer

Unstructured decisions occur in situations in which no procedures or rules exist to guide decision makers toward the correct choice

Question 14

Operational decisions or semistructured decisions arise in situations where established processes offer potential solutions.

Accepted Answer

Operational decisions are considered structured decisions,not semistructred decisions,which arise in situations where established processes offer potential solutions.

Question 15

The proportion of the market that a firm captures is called market share.

Accepted Answer

The proportion of the market that a firm captures is called market share.

Question 16

Metrics are measurements that evaluate results to determine whether a project is meeting its goals.

Accepted Answer

Metrics are measurements that evaluate results to determine whether a project is meeting its goals.

Question 17

At the strategic decision-making level employees develop,control,and maintain core business activities.

Accepted Answer

At the operational decision-making level employees develop,control,and maintain core business activities required to run the day-to-day operations.

Question 18

Asking "how many employees are out sick" is a type of operational question.

Accepted Answer

Asking "how many employees are out sick" is a type of operational question.

Question 19

Analytics is the science of fact-based decision making.

Accepted Answer

Analytics is the science of fact-based decision making.

Question 20

Strategic decisions are highly structured decisions.

Accepted Answer

Strategic decisions are highly unstructured decisions.

Quiz 2: Decisions and Processes: Value Driven Business

Metrics are temporary activities a company undertakes to create a unique product,service,or result.

Measuring the amount of website traffic is the best way to determine an organization's success.

A project is a temporary activity a company undertakes to create a unique product,service,or result.

Effectiveness MIS metrics include throughput,transaction speed,and system availability.

One of the most important and challenging questions confronting managers today is how to lay the foundation for tomorrow's success while competing to win in today's business environment.

The structure of a typical organization is similar to a pyramid,with different levels that require one consistent type of information to assist with all managerial decision making.

At the operational level employees develop,control,and maintain core business activities required to run the day-to-day operations.

Operational decisions are considered structured decisions.

At the operational level employees are continuously evaluating company operations to hone the firm's abilities to identify,adapt to,and leverage change.

Benchmarks are baseline values the system seeks to attain.

Key performance indicators can focus on external and internal measurements.

The construction of a new city subway station and the processing of monthly payroll are both considered types of projects as defined in your text.

Unstructured decisions occur in situations in which no procedures or rules exist to guide decision makers towards the correct choice.

Operational decisions or semistructured decisions arise in situations where established processes offer potential solutions.

The proportion of the market that a firm captures is called market share.

Metrics are measurements that evaluate results to determine whether a project is meeting its goals.

At the strategic decision-making level employees develop,control,and maintain core business activities.

Asking "how many employees are out sick" is a type of operational question.

Analytics is the science of fact-based decision making.

Strategic decisions are highly structured decisions.