A Decision Support System Includes People, Procedures, Software, Databases, and Devices

question 84

True/False

A decision support system includes people, procedures, software, databases, and devices to help assemble, store, manipulate, and display geographic information.

Differentiate between the formal roles and informal needs met by different organizational groups.

Identify how group norms and roles influence individual behavior and group dynamics.

Understand the concept of group cohesiveness and its impact on group performance.

Recognize the role conflict and role ambiguity in group settings and their implications.

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Definitions:

Risk Averse

Having the tendency to prefer outcomes with lower uncertainty and potential for loss, even if they may offer lesser but more certain rewards.

Expected Utility

A theory in economics that quantifies how choices are made with uncertainty, aimed at maximizing the satisfaction or benefit.

Risk-neutral

A characteristic of individuals or entities that exhibit indifference between choices with differing levels of risk, focusing solely on expected outcomes.

Expected Utility

A strategy in economics and game theory where individuals choose the option with the highest expected benefit, taking into account all future outcomes.