Group Decision Support Systems (GDSS)

question 75

Multiple Choice

Group Decision Support Systems (GDSS) :

• A)are designed to allow meeting attendees to share their thoughts in real-time with their peers.
• B)support decisions that require knowledge about the geographic distribution of resources.
• C)are only used with geographically dispersed attendees.
• D)facilitate the solution of unstructured problems.
• E)provide tools that allow managers to visualize data.

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Definitions:

Economic Profit

The divergence between an organization's total turnover and its entire liabilities, including both evident and underlying costs.

Minimum Average Variable Cost

The lowest point at which a company can produce its product with the least average variable costs involved.

Marginal Revenue

The incremental income a business obtains by selling one more unit of a product or service.

Average Total Cost

The total cost of producing a certain quantity of output divided by that quantity, representing the per-unit cost of production.