Exam 1: An Overview of Business Intelligence, Analytics, and Decision Support

Which of the following statements about cognitive limits of organizational decision makers is true?

Business intelligence (BI) can be characterized as a transformation of

________ analytics help managers understand probable future outcomes.

________ technology enables managers to access and analyze information anytime and from anyplace.

List three developments that have contributed to facilitating growth of decision support and analytics.

In a four-step process for decision making, managers construct a model of the problem before they evaluate potential solutions.

When Sabre developed their Enterprise Data Warehouse, they chose to use near-real-time updating of their database. The main reason they did so was

Computerized support is only used for organizational decisions that are responses to external pressures, not for taking advantage of opportunities.

Describe the types of computer support that can be used for structured, semistructured, and unstructured decisions.

In answering the question "Which customers are most likely to click on my online ads and purchase my goods?", you are most likely to use which of the following analytic applications?

Due to the fact that organizations seek to store greater amounts of data than ever before, the cost per byte of computer-based data storage devices is rapidly rising.

In answering the question "Which customers are likely to be using fake credit cards?", you are most likely to use which of the following analytic applications?

Due to the fact that business environments are now more complex than ever, trial-and-error is an effective means of arriving at acceptable solutions.

________ is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies.