Review the Following Key Terms

question 167

Multiple Choice

Review the following key terms. Which one defines an operational decision that involves situations where established processes offer potential solutions?

• A) Optimization analysis decision
• B) Artificial intelligence decision
• C) Structured decision
• D) Unstructured decision

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Definitions:

Financial Information

Data regarding the financial status of an entity, including income, expenses, assets, liabilities, and equity, often used for analysis.

Competitors

Entities or businesses competing in the same industry or market for customers.

Focus Group

Data-collection tool in which a moderator engages a small group of people as they discuss a particular topic or concept with each other in a spontaneous way.

Fabric Softener

A laundry product added during the rinse cycle to make clothes feel softer, reduce static cling, and impart a pleasant scent.