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You Have Been Asked to Design a Decision Support System

question 77

Essay

You have been asked to design a decision support system to help personnel managers make employment decisions.What data would you need to have available to build such a system? What types of questions might an HR manager ask the system?


Definitions:

Average Rate of Return

A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.

Annual Income

The total earnings or revenue generated by an individual or business in one fiscal year before any deductions.

Capital Projects

Large, long-term investments undertaken to create, expand, or replace a company's physical assets.

Cash Payback Period

The duration it takes for the earnings from an investment to cover the initial amount invested.

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