Name Simon's four phases of decision making and mention how they are impacted by the web
What will be an ideal response?
• Intelligence
- Access to information to identify problems and opportunities from internal and external data sources
- Access to analytics methods to identify opportunities
- Collaboration through group support systems (GSS) and knowledge management systems (KMS)
• Design
- Access to data, models, and solution methods
- Use of online analytical processing (OLAP), data mining, and data warehouses
- Collaboration through GSS and KMS
- Similar solutions available from KMS
• Choice
- Access to methods to evaluate the impacts of proposed solutions
• Implementation
- Web-based collaboration tools (e.g., GSS) and KMS, which can assist in implementing decisions
- Tools, which monitor the performance of e-commerce and other sites, including intranets, extranets, and the Internet
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Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as:
A) factory overhead cost B) miscellaneous expense C) product costs D) other manufacturing costs
One measure of website traffic as determined by the total requests for a page is called
A. paths. B. tweets. C. clickers. D. hits. E. impressions.
The accounts receivable turnover is calculated by dividing average accounts receivable by net sales.
Answer the following statement true (T) or false (F)
Using a payroll system as an example, paychecks and W-2 forms are examples of which of the following system elements?
A) outputs B) inputs C) storage D) memory