Which DSS Component Consists of Both the DSS Models and the DSS

question 64

Multiple Choice

Which DSS component consists of both the DSS models and the DSS model management system?

• A) Query management
• B) Data management
• C) Data administration
• D) Model management

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Definitions:

Make-Or-Buy Options

The decision-making process where a company chooses between manufacturing a product in-house or purchasing it from an external supplier.

Differential Revenue

The difference in revenue generated under two different scenarios or choices.

Differential Revenue

The difference in revenue generated from two different business decisions, often used in managerial accounting to assess alternatives.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action or the benefits you could have received by taking an alternative action.