TEST 1 PART 2

Question 1

What is the base tier of the decision making hierarchy?

Answer 1

Intuitive Decision Makers

Question 2

What decision making hierarchy is: Every decision guided by business research, Firms develop proprietary methodologies and are innovative in their combination of methodologies.
Enterprise-wide access to research data and findings

Answer 2

Top tier - Visionaries

Question 3

What decision making hierarchy level is: Some decisions based on business research.
Firms use tried-and-true methodologies, excluding others that might be appropriate.
Limited enterprisewide data and findings.

Answer 3

Mid tier - Standardized Decision Makers

Question 4

What decision making hierarchy level is: Most decisions based on past experience or instinct,
Decisions supported with limited qualitative research.

Answer 4

Base tier - Intuitive Decision Makers

Question 5

What are factors that stimulate the need for research?

Answer 5

1. Information overload
2. Technological connectivity
3. Shifting global centers of economic activity
4. Increased scrutiny in Big Business
5. More government intervention

Question 6

Designed to solve problems of a theoretical nature with little direct impact on strategic or tactical decisions.

Answer 6

Pure Research

Question 7

Research that addresses existing problems or opportunities

Answer 7

Applied Research

Question 8

The calculation of the financial return for all organizational expenditures. Can be positive or negative

Answer 8

Return on Investment (ROI)

Question 9

The problem or opportunity that requires a management decision, a symptom of a problem or an early indication of an opportunity.

Example 1: Employees want flexibles schedules and want to work remotely
Examples 2: How to enter crate robotics surveillance in the workplace
Examples 3: Onsite employee clinic to offset rising cost for healthcare for the organization

Answer 9

Management dilemma

Question 10

The process of improving clinical health outcomes of a defined group of individuals through improved care coordination and patient engagement supported by appropriate financial and care models.
PHM programs use a business intelligence (BI) tool to aggregate data and provide a comprehensive clinical picture of each patient.

Answer 10

Population management