Which of the Following Was Not Identified in Your Text

question 9

Multiple Choice

Which of the following was not identified in your text as an important characteristic of a DSS?

• A) An easy-to-use interactive interface
• B) Customized by company IT professionals to fit the specific needs of the organization
• C) Models or formulas that enable sensitivity analysis, what if analysis, goal seeking, and risk analysis
• D) Data from multiple sources-internal and external sources plus data added by the decision maker who may have insights relevant to the decision situation.

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Definitions:

Income Effect

The link between alterations in income for a person or the economy and the subsequent shift in demanded quantity of a product or service.

Indifference Curves

A graphical representation of different combinations of two goods or services that give a consumer equal satisfaction and utility.

Downsloping

Describing a curve or trend that decreases in value as it moves rightward on a graph, typically referring to demand curves where price and quantity demanded are inversely related.

Consumer Equilibrium

The state where an individual allocates their income in a way that maximizes their utility, given the prices of goods and services.