One Type of Decision Support System (DSS), Called an Executive

question 110

Short Answer

One type of decision support system (DSS), called an executive information system, is designed to provide senior managers with information relevant to ___________ management activities such as setting policies, planning, and preparing budgets.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other means.

Net Income

The total earnings of a company after deducting all expenses and taxes from total revenue.

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but instead is reinvested in the company or used to pay off debt.

Stockholders' Equity

The portion of a company's assets that belongs to its shareholders, calculated as total assets minus total liabilities.