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Describe the Key Difference Between a Decision Support System and a Management

question 175

Essay

Describe the key difference between a Decision Support System and a Management Information System. In your answer, be sure to describe the purpose of each kind of app.) Illustrate the difference between these two kinds of apps by describing how a bank might use them in its mortgage business.


Definitions:

Slanderous Campaign Ads

Advertising efforts during a campaign that spread false and damaging statements about an opponent.

Vote Determination

The process by which decisions are made or leaders are chosen in a democratic system through the aggregation of individual votes.

Profit Maximization

The process or strategy of adjusting production and sale operations to achieve the highest possible profit.

Production Function

Describes the relationship between inputs used in production and the output generated from those inputs.

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