An Interactive Computer-Based System That Produces Models Which Help Managers

question 1

Multiple Choice

An interactive computer-based system that produces models which help managers to make better nonprogrammed decisions is known as a(n) :

• A) decision-support system.
• B) artificial intelligence system.
• C) decisional balance sheet.
• D) transaction-processing system.
• E) business decision mapping.

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Definitions:

Economic Output

The total value of all goods and services produced within an economy over a specific period.

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Specific Skills

Skills that are highly specialized and pertinent to a specific job or industry, enabling a worker to perform particular tasks efficiently.

Disequilibrium

A market condition where there is a mismatch between the quantity supplied and the quantity demanded, preventing market equilibrium.