Managers Can Use BI to Answer Tough Business Questions

question 89

Multiple Choice

Managers can use BI to answer tough business questions. Which of the following describes the value of knowing where the business is going?

• A) A historical perspective offers important variables for determining trends and patterns.
• B) Looking at the current business situation allows managers to take effective action to solve issues before they grow out of control.
• C) Setting strategic direction is critical for planning and creating solid business strategies.
• D) None of these.

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Definitions:

Institution

An established organization, especially one of public importance, or a system of rules and norms governing behavior within a community.

Moral Philosophy

The branch of philosophy concerned with discussing what is right and wrong and how people should live.

Post-Modernism

An intellectual stance or mode of discourse defined by skepticism toward grand narratives and ideologies, emphasizing the role of language, power relations, and cultural narratives.

Ethical Relativism

The belief that morality varies between individuals and cultures and that there are no universal moral principles.