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.

Distinguish between fixed budgets and flexible (variable) budgets.

Understand the concept and calculation of variances, including price and quantity variances.

Grasp the purpose and process of using standard costs in budgeting and variance analysis.

Recognize the role of management by exception in focusing managerial attention on significant variances.

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Definitions:

Prefrontal Cortex

A region of the brain associated with decision making, cognitive behavior, personality expression, and moderating social behavior.

Anterior Cingulate

A part of the brain involved in a wide range of functions, including emotion, decision-making, and impulse control.

Cognitive Theorists

Psychologists or researchers who study how mental processes such as perception, memory, and reasoning influence behavior.

Ruminative Response

A pattern of behavior where an individual persistently focuses on the symptoms of their distress, and on its possible causes and consequences, instead of solutions.