Business Environment and Response

Which of the following is NOT a correct role of a manager?

What is the correct order of steps to make a decision?

What type of system helps decision makers utilize data and models to solve unstructured problems?

What is the term that combines architectures, tools, databases, analytical tools, applications, and methodologies?

The process of what is based on the transformation of data to information, then to decisions, and finally to actions?

What does BPM stand for?

What is an example of Business Value of BI Analytical Applications?

What represents the combination of computer technology, management science techniques, and statistics to solve real problems?

What is the result of today's business climate?

Which of the following refers to actions taken by companies to counter the pressures?

Which of the following facilitates the monitoring of the environment and enhances the response actions taken by organizations?

Which of the following is not a Business Environmental Factor?

Which of the following should not be an action taken by a manager?

What is the role of management in achieving organizational goals?

How is the degree of success of an organization and its manager often measured?

Which of the following is not one of the 5M resources?

Business Environment and Management

Today's business climate results in business pressures, responses, and support.
Business pressures refer to the factors that affect a business, such as government regulations, competition, and globalization.
Responses refer to the actions taken by companies to counter these pressures.

Business Environmental Factors

Examples of business environmental factors include government regulations, competition, market conditions, customer demand, and globalization.
These factors affect business with both pressures and opportunities.

Organization Response

Organization response refers to the actions taken by companies to respond to business environmental factors.
Examples of organization responses include new business models, agility, and decisions.

Management

Management is a process by which organizational goals are achieved by using resources.
Resources are considered inputs, and attainment of goals is viewed as outputs.
The degree of success of the organization and the manager is often measured by output/input.

Resources

The 5M resources include Man, Money, Method, Machine, and Material (but not Memory).

Interpersonal and Decisional Roles

Interpersonal roles include Figurehead, Leader, and Liaison.
Decisional roles include Disturbance handler, Resource allocator, Entrepreneur, and Spokesperson.

Decision Making

The correct order of the steps to make a decision is: Define the problem, Construct a model, Identify possible solutions, and Compare, choose, and recommend a potential solution.

Business Intelligence and Decision Support Systems

Business Intelligence (BI) is an umbrella term that combines architectures, tools, data-bases, analytical tools, applications, and methodologies.
Decision Support Systems (DSS) are interactive computer-based systems that help decision makers utilize data and models to solve unstructured problems.
BI is based on the transformation of data to information, then to decisions, and finally to actions.

Business Analytics and Performance Management

Business analytics is used for monitoring and analyzing performance.
Business Process Management (BPM) is a process by which organizational goals are achieved by using resources.
Prediction is a field that represents the combination of computer technology, management science techniques, and statistics to solve real problems.

This quiz assesses understanding of business pressures, responses, and support in today's business climate. It covers actions taken by companies to counter pressures and the role of computerized support in monitoring the environment and enhancing response actions.