Question

Business Decision Modeling can be described as A. a scientific approach to solving management problems. B....

Business Decision Modeling can be described as

A.

a scientific approach to solving management problems.
B.

the foundation on which all management decisions are made.
C.

qualitative in nature.
D.

Problem Initiation, Problem Definition, Problem Modeling, Model Initiation, Review and Iteration, and Final Model Results.
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer D. Problem initiation, Problem definition, probelm modeling, model initiation, review and iteration and Final Model results.

Explanation: Business decision modeling is a logical thinking approach to business problems or decisions to be taken. It starts from the facts in hand and derives various conclusions, take the business decision as per set business rules and business logic. Finally, the review off results of the decision taken and any corrective action required.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Problem solving can be described as: A. a science B. an art C. an art and...
Problem solving can be described as: A. a science B. an art C. an art and science D. deterministic in nature
Hospitality Human Resources Management What can be a reaction to problem solving or decision making in...
Hospitality Human Resources Management What can be a reaction to problem solving or decision making in the workplace? How can a boss help you (not help you) work through a problem? How comfortable are you making decisions/taking initiative in the workplace and is your boss supportive/encouraging of this behavior? What is the relevance of that experience in the hospitality industry? Meaning, why is it important to learn problem solving and decision making skills? What is your responsibility when dealing with...
1) All of the following are methods or procedures for solving problems with multiple criteria except...
1) All of the following are methods or procedures for solving problems with multiple criteria except A) Analytical Hierachy Process B) Weighted Scoring C) Goal Programming D) Trend Analysis 2) All of the following are true cocnerning multicriteria decision making except: A) multicriteria problems can have more than one goal or objective when making a decision B) goal progamming can be used to solve certain types of multicriteria problems C) all criteria will always be met (i.e. all objectives will...
1) All of the following are methods or procedures for solving problems with multiple criteria except:...
1) All of the following are methods or procedures for solving problems with multiple criteria except: A. Weighted Scoring B. Goal Programming C. Trend Analysis D. Analytical Hierarchy Process 2) All of the following are true concerning multicriteria decision making except: A. multicriteria problems can have more than one goal or objective when making a decision B. All of the answers are true concerning multicriteria decision making C. all criteria will always be met (i.e. all objectives will be satisfied)...
MATH125: Unit 1 Individual Project Answer Form Mathematical Modeling and Problem Solving ALL questions below regarding...
MATH125: Unit 1 Individual Project Answer Form Mathematical Modeling and Problem Solving ALL questions below regarding SENDING A PACKAGE and PAINTING A BEDROOM must be answered. Show ALL step-by-step calculations, round all of your final answers correctly, and include the units of measurement. Submit this modified Answer Form in the Unit 1 IP Submissions area. All commonly used formulas for geometric objects are really mathematical models of the characteristics of physical objects. For example, a basketball, because it is a...
Department of Management Information Systems, Operations Management and Decision Sciences, University of Dayton, Dayton, Ohio 45419,...
Department of Management Information Systems, Operations Management and Decision Sciences, University of Dayton, Dayton, Ohio 45419, [email protected] Hub Group, a North American intermodal freight rail transportation company, developed an integrated produc- tion decision support system to improve its yield management and container allocation. The system combines a suite of analytical tools, including forecasting, error distribution analysis, expected value-based heuristics, and optimization tools to improve the decision making of Hub's frontline employees. It is important to note that the production decision...
1.Establishing the virtual Management: As known, managing virtual staff requires a different method or approach than...
1.Establishing the virtual Management: As known, managing virtual staff requires a different method or approach than managing local staff. Due to that reason, Golden Scent has developed a strategic plan to successfully manage its virtual staff in the USA. Identify the suitable manager. to make sure our work will proceed as we planned, Golden Scent willrecruit a virtual manager with the essential skills and knowledge required to manage virtual employees. Find the skilled people to work with. Since not everyone...
Question 12 Section B: Essay and short answer questions / Business Cycles Strides for Strides manufactures...
Question 12 Section B: Essay and short answer questions / Business Cycles Strides for Strides manufactures and sells athletic wear to retail stores, who then stock the goods and sell them to customers. Its range of products includes warm-up tracksuits, body suits and running shoes and spikes. The business process followed by Strides for Strides in supplying retail stores is as follows: ·         The retail store will send an order to Strides for Strides, where it will be received by the...
CASE STUDY ON LEADERSHIP/ Aidensfield hospital currently faces major problems with staff, management, general performance and...
CASE STUDY ON LEADERSHIP/ Aidensfield hospital currently faces major problems with staff, management, general performance and service quality. It is conceivable that these problems are related to the ‘leadership’ styles adapted by those in charge. The senior management have proposed some changes within the organisation to hopefully make improvements but making such decisions requires an in-depth understanding of what is going wrong and why. Leadership as a concept is often considered in isolation when in reality, it is coherent with...
1) Which of the following is not a valid way that a CRM system can collect...
1) Which of the following is not a valid way that a CRM system can collect information? A. accounting system B. order fulfillment system C. inventory system D. customer’s personal computer 2)Which of the following is a common marketing CRM metric? A. number of new prospective customers B. average number of service calls per day C. average time to resolution D. cost per interaction by marketing campaign 3)Which question below represents a CRM reporting technology example? A. Why did sales...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT