Define the Term Decision Support System (DSS)and Briefly Describe the Basic

question 18

Essay

Define the term decision support system (DSS)and briefly describe the basic capabilities of a DSS.

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Definitions:

NOPAT

Net Operating Profit After Tax; a measure of company profitability that excludes the cost and benefits of financing and investments.

Net Cash Flows

The difference between a company's cash inflows and outflows over a specific period, showing the company's financial health and liquidity.

Managerial Purposes

Utilized to describe the actions or decisions made by managers in running a company, often aimed at achieving strategic goals and maintaining operational efficiency.

Accounting Income

It is the income reported by a company as per the accounting principles, including all revenues minus expenses, excluding any unrealized gains or losses.