For DSS, Why Are Semistructured or Unstructured Decisions the Main

question 10

Multiple Choice

For DSS, why are semistructured or unstructured decisions the main focus of support?

• A) There are many more unstructured and semistructured decisions than structured in organizations.
• B) MIS staff prefer to work on solving unstructured and semistructured decisions.
• C) Unstructured and semistructured decisions are the easiest to solve.
• D) They include human judgment, which is incorporated into DSS.

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Definitions:

Efficient Frontier

A concept in modern portfolio theory that represents a set of optimal portfolios offering the highest expected return for a defined level of risk.

Standard Deviation

A statistical measure of the dispersion of returns for a given security or market index, often used to gauge the amount of variability or volatility of an investment.

Expected Return

The weighted average of all possible returns from an investment, considering the probabilities of each outcome.

Efficient Frontier

A concept in modern portfolio theory representing the set of optimal portfolios that offer the highest expected return for a defined level of risk or the lowest risk for a given level of expected return.