GAQM CITM-001 Practice Test - Questions Answers, Page 2

Interpreting information means understanding its meaning and implications in a given context. Two factors that are important while considering interpreting information are external and situational. External factors refer to the sources, reliability, validity, and timeliness of the information. Situational factors refer to the purpose, audience, and expectations of the information. These factors help to evaluate the relevance, accuracy, and usefulness of the information for a specific situation or problem.Reference:Certified Information Technology Manager (CITM) - gaqm.org, page 7;Certified Information Technology Manager (CITM) - GAQM, Module 2 -- Understanding and Interpreting Information.

Important decisions may require more care in analyzing data because they have higher stakes, greater uncertainty, and more complexity. Data analysis can help managers to identify patterns, trends, correlations, and causal relationships that can inform their decision making. Data analysis can also help managers to evaluate alternatives, test hypotheses, and predict outcomes. However, data analysis is not a substitute for judgment, intuition, and creativity. Managers should also consider the quality, reliability, and validity of the data, as well as the ethical and social implications of their decisions.Reference:CITM Course Outline,Sample Exam - GAQM,TEST 1 2020, questions and answers - CITM 102 TEST BANKS ... - Studocu

An analytic decision maker looks for quantitative information, or data that can be counted or measured in numerical values. An analytic decision maker uses logic, facts, and statistics to make decisions, and prefers objective and structured data. A heuristic decision maker, on the other hand, looks for qualitative information, or data that is descriptive and not expressed numerically. A heuristic decision maker uses intuition, experience, and judgment to make decisions, and prefers subjective and unstructured data.Reference:CITM Study Guide, page 8, section 2.3;What is Quantitative Data?, paragraph 2.

Managerial control decisions are those that involve measuring and correcting the performance of activities of subordinates to ensure that the enterprise objectives and plans are being accomplished. Managerial control decisions fall between operational and strategic planning because they are concerned with both executing the strategy and tracking its progress. Operational control decisions are those that focus on the efficiency and effectiveness of specific processes, tasks, and functions. Strategic control decisions are those that evaluate the alignment of the strategy with the external and internal environment, and make adjustments if necessary.Reference:Managerial Control: Definition, Features, Scope, and Process,Types and Levels of Control -- Principles of Management,The Control Function of Management - MIT Sloan Management Review