In the Decision Support System (DSS) Environment, A__________is Responsible for Supplying

question 30

Multiple Choice

In the decision support system (DSS) environment, a__________is responsible for supplying information on what a model does, what data inputs it accepts, how the model's output should be interpreted, and what assumptions go into creating and using the model.

• A) model designer
• B) managerial designer
• C) model builder
• D) database builder
• E) Select

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Definitions:

Price-Inelastic

Describes a situation where the demand for a good or service is relatively unchanged despite changes in its price.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that producers are willing and able to sell, usually upward sloping.

Budget Proportion

The allocation of financial resources among various categories or items in a budget.

Necessity

A good or service that is essential for living and is deemed indispensable.