A Relatively New Approach to Supporting Decision Making Is Called

question 47

Essay

A relatively new approach to supporting decision making is called automated decision systems (ADS), sometimes also known as decision automation systems (DAS). Give a definition of an ADS/DAS in simple terms?

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Stop Payment

A stop payment is a request made to a financial institution to cancel the processing of a check or payment transaction before it has been finalized.

Bills Of Exchange Act

Legislation governing the creation, transfer, and payment of bills of exchange, a type of negotiable instrument.

Cheque

A bill of exchange that is drawn on a banking institution, and payable on demand.