Which of the following is a benefit of AI in decision-making used by banks?
ASlower loan approval processes
BIgnoring customer credit history
CReplacing all bank employees with AI
DAI credit scoring models for quick loan approvals
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Related Questions:
Why is it crucial to balance authority and responsibility, according to Fayol's principle?
According to the Systems Approach, how does feedback function within an organization?
- Feedback is a one-way communication channel that only informs the external environment about the organization's performance.
- Feedback serves as an information loop connecting outputs back to inputs, enabling necessary adjustments.
- Negative feedback is ignored as it does not contribute to organizational improvement.
- Customer satisfaction surveys are an example of feedback that helps refine production processes.
What does the scalar chain represent in Fayol’s principles?
Fayol's principle of order says:
Who is called the 'Father of General Management'?