Question

Leela Smith wants to want to know how labor costs should be adjusted to get a 10% rate of return (ROR). She is performing: A. optimization B Slice and dice analysis C. Goal seeking analysis D. Drill-down analysis Elon Musk, Tesla CEO, wants to study sales trends, costs, stock prices, and much another key performance indicator to assess Tesla's performance, He is most likely to use

A. Decision Support System B. Digital dashboard C. Transaction processing systems (TPS) D. raw data General Motors wants to improve customer satisfaction and use an online survey to collect customer responses. In the input-process-output model, GM is generating

A. output B. input C. process D. nothing Dr. Lenny is training a system to recognize financial fraud. How would you classify such a system?

A. Expert Systems (ES) B. strategic system C. Decision Support Systems (DSS) D. None of the above

Answer 1

1) Goal Seeking Analysis

Goal Seek analysis helps to reach a particular value by altering input values. So in this case Leela smith would use goal seeking analysis to reach 10% rate of return by altering labour cost values.

2) Digital Dashboard

Digital dashboard contains data from database, world wide web and local files in interactive user interface. For Elon to measure performance of his company Tesla, he would use digital dashboard which would contain sales trends, stock price, cost and other key indicators.

3) Nothing

There is input of survey data and that data is being outputted. In this entire process, there is no data generation it's merely input of data and displaying it.

4) Expert system

Expert system helps in making decision using AI which otherwise would have been made by human. Lenny would use expert system to recognize financial fraud. The way expert system works is suspecting fraud at the authentication level and will stop transaction until human clearance is given also alerting through email or sms.