In the Context of Decision Support System Framework Developed by Anthony

question 32

Multiple Choice

In the context of decision support system framework developed by Anthony Gorry and Michael Scott Morton,one characteristic of a structured decision is that _____.

• A) it involves known variables that can be measured quantitatively
• B) the relationships among the pieces of data are not always clear
• C) it involves known variables that cannot be measured quantitatively
• D) the decision maker might not know the information requirements of the decision in advance

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Definitions:

Sensitivity Analysis

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

Sponsorship Relationship

Describes the formal alliance between an entity, typically a corporation, and another party, often in events, nonprofits, or sports, where each provides mutual benefits to the other.

Business Sponsor

A company or individual that provides financial support for events, projects, or organizations, often in exchange for advertising or promotional opportunities.

Social Enterprise

An organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing profits for shareholders.