The Functional Difference Between a DSS and an MIS Is

question 136

Short Answer

The functional difference between a DSS and an MIS is that a DSS contains models that use information to make decisions while an MIS is used to create ____________ from data.

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Definitions:

Pound

A unit of currency used in the United Kingdom and other areas, or a unit of weight equal to 16 ounces.

Convex Preferences

Consumer preferences that signify a desire for diversified bundles of goods, represented by convex-shaped indifference curves.

Indifferent

A term used in economics and decision theory to describe a situation where an individual or consumer does not prefer one option over another.

Diminishing Marginal

The principle that the marginal benefit of using or consuming one more unit of a good or service decreases as its quantity increases.