Which term describes both the growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights?
A. predictive modeling
B. information overload
C. big data
D. data support system
E. marketing information system
Answer: C
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The office manager forgot to record in the accounting records the daily bank deposit. Which control procedure would most likely prevent or detect this error?
a. segregation of duties b. independent verification c. accounting records d. supervision
Witte Company produces three products from a joint process. The products can be sold at split-off or processed further. In deciding whether to sell at split-off or process further, management should
a. allocate the joint cost to the products based on relative sales value prior to making the decision. b. allocate the joint cost to the products based on a physical quantity measure prior to making the decision. c. subtract the joint cost from the total sales value of the products before determining relative sales value and making the decision. d. ignore the joint cost in making the decision.
Which special type of team resulted from the pushing down of decision making into lower levels of an organization?
a. Self-directed work teams b. Virtual teams c. Cross-functional teams d. Functional teams
The relationship between the natural variation and specifications is quantified by a measure known as the _____
A) net promoter score B) process capability index C) net detractor score D) process design index