Which of the Following Best Describes a Decision Support System

question 196

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

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Definitions:

Cash Outflows

Money leaving a business through expenses, investments, and other financial activities, reducing the cash balance.

Operating Activities

Business activities directly related to the production and delivery of goods and services, which are reflected in the cash flow statement.

Cash Outflow

Money or funds that leave a company, typically through expenses, purchases, or investments.

Financing Activities

Transactions related to acquiring or repaying capital, such as issuing stocks, bonds, or taking out loans.