To Consolidate the Relevant Knowledge and Experience in the Firm

question 3

Multiple Choice

To consolidate the relevant knowledge and experience in the firm and make it available to improve business processes and management decision making,you would use a(n)

• A)TPS.
• B)extranet.
• C)KMS.
• D)CRM.
• E)MIS.

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Definitions:

Elimination-by-aspects

A decision-making model where choices are sequentially filtered based on specific criteria until one option remains.

Compensatory Decision-making

A decision-making process where individuals make choices by weighing the pros and cons of different options to compensate for weaker attributes by stronger ones.

Functional Fixedness

A cognitive bias that limits a person to use an object only in the way it is traditionally used, ignoring other possible uses.

Noncompensatory Modeling

A decision-making process where options are evaluated based on whether they meet predetermined criteria, without considering trade-offs between characteristics.