A Well-Designed ESS Will Allow Management To

question 14

Multiple Choice

A well-designed ESS will allow management to:

• A)create routine production reports as well as view overall business performance.
• B)facilitate group decision making.
• C)create pivot charts.
• D)analyze big data.
• E)track the activities of competitors.

---

Definitions:

Interactive Effects

Phenomena where the impact of one factor on an outcome is influenced by the presence or level of another factor.

Time Compression

refers to strategies and efforts made to reduce the time taken to complete tasks or processes, often by streamlining operations, enhancing efficiency, or adopting new technologies.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used in risk analysis and decision making.

Random Numbers

Numerical values generated in such a way that each possible number has an equal chance of being selected, often used in simulations and cryptographic applications.