What Is a Group Decision Support System

question 22

Multiple Choice

What is a group decision support system?

• A)a collaborative technology that reaches out to large groups of customers and is used to market products
• B)a software that supports employee-customer interaction to help a firm collect feedback on product performance
• C)a collaborative technology that helps teams brainstorm and exchange views about a topic to come to an agreement
• D)a technology that allows the top management to interact with customers from various segments of their markets

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Definitions:

Sensitivity Analysis

A financial modeling tool used to determine how different values of an independent variable will impact a particular dependent variable under a given set of assumptions.

Decision Tree Analysis

A graphical technique used for decision-making and risk management, representing different courses of action and their possible outcomes.

Cost Of Capital

The cost of capital represents the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.

Pure Play

A company that focuses exclusively on a single product or service area.