Which of the Following BEST Describes a Decision Support System

question 31

Multiple Choice

Which of the following BEST describes a decision support system?

• A) a system that supports an organization's managers by providing daily reports, schedules, plans, and budgets that can be used for making decisions
• B) a quick-reference, easy-access application of information systems specifically designed for instant access by upper-level managers
• C) a system of hardware and software that imitates human behavior
• D) an interactive system that creates virtual business models for a particular kind of decision and tests them with different data to see how they respond
• E) a processor that plans production and delivery schedules

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Definitions:

Value-based Pricing

A pricing approach that sets the cost of a product or service according to its perceived worth to the consumer, rather than the expenses involved in its creation.

Preventive Maintenance

Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.

Target Costing

A pricing method that involves identifying the desired profit margin and market price, then working backward to determine the maximum cost that can be incurred on a product.

Return on Investment

An indicator for assessing an investment's effectiveness, determined by dividing the net profit by the investment's total cost.