What Kind of Decision Making Tool Could Help You Develop

question 67

Multiple Choice

What kind of decision making tool could help you develop a recommended system for your firm's website which has 50,000 visitors a month?

• A) Big data analytics
• B) Sensitivity analysis
• C) Goal seeking
• D) Forecasting
• E) Simulation

---

Definitions:

Procurement Cards

Payment cards issued to employees to make purchases on behalf of their organization, streamlining the purchasing and accounting processes.

Closed-Loop MRP

A material requirement planning system that not only plans manufacturing activities but also provides feedback on the execution against this plan.

Master Production Schedule

A plan for the production of finished goods that drives material requirements planning, detailing quantities and the timing of production.

Capacity

The maximum level of output that a system, facility, or organization can produce or handle under normal operating conditions.