The second stage in the problem solving process during which you develop alternative solutions to the problem and evaluate their feasibility.

Select one:

Select one:

a.

monitoring

b.

choice

c.

intelligence

d.

design

Clear my choice

Which of the following describes the availability heuristic?

Select one:

Select one:

a.

an event is judged based on how readily one can remember similar events

b.

an event is forgotten and is no longer mentally available

c.

an event is judged because it is available but incorrect

d.

an event is judged based on a prototypical model of the event

The _____________ processes and sells independently collected data on consumer behaviour patterns

Select one:

Select one:

a.

Sales revenue business model

b.

Infomediary business model

c.

Fee-for-service business model

d.

Digital content revenue business model

A Web client that communicates with a Web server, which in turn communicates with an application server is an example of a:

Select one:

Select one:

a.

three tier architecture.

b.

two tier architecture.

c.

one tier architecture.

d.

four tier architecture.

During the _____ stage of the problem solving process, you select a course of action.

Select one:

Select one:

a.

choice

b.

design

c.

implementation

d.

intelligence

_____ consists of computer programs that govern the operation of the computer.

Select one:

Select one:

a.

Applications

b.

Hardware

c.

Software

d.

Telecommunications

Which of the following is not true about decision-making?

Select one:

Select one:

a.

Objective probabilities are based on judgement, but subjective probabilities are based on reliable data

b.

Risk exists when a decision is made based on incomplete but reliable information

c.

Unprogrammed decisions tend to involve a trade-off in accuracy

d.

A decision is a choice based on available judgement

As a manager in your company, you expect to retrieve ______ from operational systems and present it as _________ to your boss, who will react based on his ____________.

Select one:

Select one:

a.

data, information, knowledge

b.

data, information, experience

c.

information, experience, wisdom

d.

knowledge, information, data

e.

information, data, knowledge

What is data?

Select one:

Select one:

a.

Skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources.

b.

Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.

c.

Data converted into a meaningful and useful context.

d.

Raw facts that describe the characteristics of an event or object.

Under the _________ model, the company receives a small payment for providing a service:

Select one:

Select one:

a.

Fee-for-service

b.

Infomediary

c.

Advertising-Subscription Mixed Revenue

d.

Digital Content Revenue