Sensitivity Analysis, What-If Analysis, Optimization Analysis, and Market Basket Analysis

question 87

True/False

Sensitivity analysis, what-if analysis, optimization analysis, and market basket analysis are the common DSS analysis techniques.

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Definitions:

Formal Authority

The power and legitimacy granted to an individual or an organization's position, as per the stated rules and policies.

Contingent Rewards

A form of motivation based on the premise that the reward is given only if certain predefined conditions are met.

Goal Accomplishment

The achievement of pre-determined objectives or targets, often used as a measure of success or productivity.

Transformational Leadership

Occurs when leaders broaden and elevate followers’ interests and stir followers to look beyond their own interests to the good of others.