Decision Support Systems Model Information Using OLAP, Which Provides Assistance

question 276

Multiple Choice

Decision support systems model information using OLAP, which provides assistance in evaluating and choosing among different courses of action.Which of the following does not represent an example of a DSS in business?

• A)an insurance company using a system to gauge risk of providing insurance to drivers who have imperfect driving records
• B)a medical doctor may enter symptoms into a system to aid her in diagnosing and treating patients
• C)a manufacturing digital dashboard showing visualizations of inventory and production
• D)a dentist entering symptoms into a system to help diagnose and treat patients

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Definitions:

Antique Objects

Items of high value due to their considerable age, rarity, craftsmanship, or historical significance.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in decision-making.

Inefficient Outcomes

Situations in which resources are not allocated optimally, leading to wasted resources or unmet potential.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.