A DSS Manipulates the Data Needed to Make a Decision

question 103

True/False

A DSS manipulates the data needed to make a decision as well as making a decision.

---

Definitions:

Small Market

A term referring to an economic environment or sector that has a relatively small number of buyers and sellers, potentially leading to higher volatility and unique challenges.

Repetitive Decisions

Decisions that occur regularly, requiring a consistent approach or strategy to manage typical situations or processes.

Financial Impact

Describes the effect of a business event or decision on a company's financial health, often measured in terms of revenues, expenses, or profits.

Expected Value

The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.