1. The output bias includes concpets such as scale effects and wishful thinking
ID: 383202 • Letter: 1
Question
1. The output bias includes concpets such as scale effects and wishful thinking (T/F) 2. The underlying assumption of re-engineering is that small chages over time ca eventually cause a business to misaligned with the ideal target 3. Enterprise information systems are designed to be used by the top level executives of an org 4. The 4 primary reasons for building and using models include: understanding the process, prediction and simuation, 5. Decision support systems provide support in three main categories: data collection, analysis of models and 6. If a decision must be made that affects the business for a day or two, it is probably made at the A. Operations management level B. Tactical management level C. Strategic management level D. Procedural management level 7. People tend to have biases in decision making. Without models, people tend to rely on simplistic "rules of thumb" and fall prey to variety of common mistakes. Mistakes in processing biases include A. Inconsistency, conservatism, stress, solid pressure B. Data presentation, illusory correlation C. Scale effects, wishful thinking D. Learning from irrelevant outcomes, success/failure attribtuions 8. If a feedback relationship exists between to separate variables, then in spreadsheet terms, this 9. There are 3 primary sources of marketing data: internal collections, specialty research companies, and 10. Geographic information systems have been designed to identify and display relationships between relationship is indicated by what is known as absolute referencing (T/F) government agencies. (T/F) business data and locations. Once the base maps have been created, the next step is to overlay additional data on the maps (T/F) 11. Managers often use commercially available spreadsheet software. If a feedback relationship exists between 2 separate variables, then a spreadsheet will indicate that there is a 12 have been designed to identify and display relationships between business data and locations. Once the base maps have been created, the next step is to overlay additional data on the maps 13. Most of the financial decisions in a firm occur at the: A. Strategic level B. Tactical level C. Operational level D. Process level 14. Traditionally, organizations use human resource management systems to A. Process payroll records B. Abide by the laws and rules governing the hiring and release of workers C. Training, monitoring employee progress D. Maintaining inventories of employee skills 15. The difference between a decision support system and an expert is that the expert system is built to provide advice to nonexperts and guide them to make a better decision. A decision support system is used by a trained decision maker to collect data, analyze models and produce output (T/F) 16. In expert system development, special purpose languages like LISP and prolog make the development job easier, but, custom programming is cheaper and less time consuming (T/F) 17. One of the business uses of artificial intelligence has been in the area of voice and speech recognition systems that recognize users by voice and are used to convert spoken words into written text (T/F)Explanation / Answer
1.
The sources of bias that effects the output are scale effects and wishful thinking.
Scale effects refers to any deviations caused due to the scale on which the feedback is obtained.
Wishful thinking refers to the preference of people for an events outcome which impacts their assessment of an event.
Since both of these factors affect the output bias, the given statement is true.
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