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:

Herfindahl-Hirschman Index

A measure used to determine the level of competition within an industry, calculated by summing the squares of the market shares of all firms in the industry.

Strategic Situations

Scenarios or contexts where the outcomes for participants depend significantly on the actions and decisions of all involved parties, often analyzed in game theory.

Herfindahl-Hirschman Index

A measure used to calculate market concentration, indicating the level of competition within an industry by summing the squares of the market shares of all firms within the industry.

Marginal Revenue

The additional income received from selling one more unit of a good or service.