The Information That Managers Use to Make Decisions, Drawn from the Company's

question 107

Multiple Choice

The information that managers use to make decisions, drawn from the company's own information systems or external sources is called ________.

• A) business intelligence
• B) data-driven decision making
• C) internal data
• D) operations-related data

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Definitions:

Context-Independent

Describes something that retains its relevance, meaning, or applicability regardless of the surrounding circumstances or environment.

Context-Dependent

The principle that the understanding or significance of something can change depending on the surrounding environmental, social, or situational factors.

Continuous Innovation

Innovations that involve slight improvements or modifications to existing products, requiring minimal changes in consumer behavior to adopt.

Collective Selection Model

A theorized model wherein group decisions emerge from the collective preferences and choices of individuals within the group.