Consumer Information, Financial Reports, Supply Chain and Human Resource Information

question 157

Multiple Choice

Consumer information, financial reports, supply chain and human resource information are examples of ____________.

• A)data visualization
• B)velocity analytics
• C)descriptive analytics
• D)statistical inference
• E)big data

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Definitions:

Prescriptive Contingency

A management approach that suggests specific actions to be taken in certain situations, based on the contingent nature of the environment.

Descriptive Contingency

This refers to the assertion that there is no one universally applicable set of management principles (by structure or strategy), but that it depends on various external and internal constraints.

Descriptive Theories

Theories that explain and understand phenomena by describing patterns, behaviors, and relationships.

Effective

The degree to which something is successful in producing a desired or intended result; efficiency in achieving goals.