Unlike an Executive Information System, a Decision Support System (DSS)__________

question 37

Multiple Choice

Unlike an executive information system, a decision support system (DSS) __________ .

• A) speeds up and simplifies the acquisition of information
• B) does not process data
• C) helps managers understand problems and potential solutions by acquiring and analyzing information with sophisticated models
• D) can be used to replace all managerial decision making
• E) removes decision-making bottlenecks by creating a problem organization table

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Definitions:

LIFO Method

An inventory valuation method that assumes the last items of inventory purchased are the first ones sold, potentially minimizing taxes in an inflationary period.

Purchase Order

A formal document issued by a buyer to a seller, detailing the products or services ordered and the agreed-upon price.

Periodic Inventory System

A system in which inventory levels are updated in the accounting records on a periodic basis, typically at the end of an accounting period.

Physical Inventory

A detailed listing of merchandise on hand.