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36 Cards in this Set
- Front
- Back
ability to understand computers and to use them to their best advantage
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Computer competency
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ability to gather, analyze, and use information for decision making and problem solving
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information competency
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raw facts and observations
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data
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data made useful for decision making
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information
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involves systematic gathering and processing of data to make it as useful as information
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management with analytics
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use IT to collect, organize, and distribute data for use in decision making
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information systems
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meet the information needs of managers in making daily decisions
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management information
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involves identifying and taking action to resolve problems
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problem solving
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choice among possible alternative courses of action
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decision
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is a situation in which something is obviously wrong or have potential to go wrong
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performance threat
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is a situation that offers the chance for a better future if the right steps are taken
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performance opportunity
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straightforward and clear with respect to information needs
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structured problems
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applies a solution from past experience to a routine problem
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programmed decision
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have ambiguities and information deficiencies
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unstructured problems
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applies a specific solution crafted for a unique problem
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nonprogrammed decision
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occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately
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crisis decision
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offers complete information on possible action alternatives and their consequences
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certain environment
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lacks complete information but offers "probabilities" if the likely outcomes for the possible action alternatives
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risk environments
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lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives
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uncertain environment
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begins with the identification of a problem and ends with evaluation of implemented solutions
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decision-making process
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describes decision making with complete information
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classical decision making
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chooses the alternative giving the absolute best solution to a problem
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optimizing decision
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involves comparing the costs and benefits of each potential course of action
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cost-benefit analysis
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describes making decisions within the constraints of limited information and alternatives
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bounded rationality
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describes decision making with limited information and bounded rationality
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behavioral decision model
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chooses the first satisfactory alternative that comes to one's attention
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satisficing decision
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is failure to involve in a decision the persons whose support is needed to implement it
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lack-of-participation error
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test the ethics of a decision by exposing it to scrutiny through the eye of family, community members, and ethical role models
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spotlight questions
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are strategies for simplifying decision making
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heuristics
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bases a decision on recent information or events
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availability bias
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bases a decision on similarity to other situations
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representativeness bias
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bases a decision on incremental adjustments from a prior decision point
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anchoring and adjustment bias
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is trying to solve a problem in the context in which it was perceived
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framing errors
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occurs when focusing only on information that confirms a decision already
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confirmation errors
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is the continuation of a course of action even though it is not working
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escalating commitment
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is the generation of a novel idea or unique approach that solves a problem or crafts an opportunity
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creativity
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