Question

25. Decision support systems are used for

a. Management decision making
b. Providing tactical information to management
c. Providing strategic information to management
d. Better operation of an organization

Answer 1

Decision support systems (DSS) are used for management decision making by providing relevant and timely information to assist in both day-to-day operations and long-term planning.

Step-by-step explanation:

Decision support systems (DSS) are used for management decision making. They assist managers in making informed decisions by providing them with relevant and timely information. DSS can provide both tactical information, which helps managers in planning and controlling day-to-day operations, and strategic information, which supports long-term planning and goal setting.

Answer 2

Decision support systems are utilized for management decision-making, providing both tactical and strategic information that can lead to improved operations of an organization. They facilitate economic decision-making through tools like Cost Benefit Analysis, allowing for effective resource management.

Step-by-step explanation:

Decision support systems (DSS) are sophisticated software platforms that assist in decision-making processes within organizations. They encompass strategies which include human software interactions in complex automated systems, particularly supporting the decision-making capabilities of staff as they utilize these systems. Given their functionalities, DSS are primarily used for management decision-making, providing tactical and strategic information to management, thus leading to better operation of an organization.

DSS aid in economic decision-making processes by offering tools such as Cost Benefit Analysis. This type of analysis is particularly valuable; it pits costs, such as money, effort, and sacrifices, against benefits like time saved, money earned, or experience gained, allowing for a thorough evaluation of potential decisions. Such an assessment can significantly contribute to resource management, a cornerstone of economic decision-making.

Whether decisions are being made by management in a business or by states considering international relations, the decision-making process fuses the computation of risks and rewards to maximize benefits. Accurate information is vital to ensure the success of the decisions, whether they influence the operation of a single organization or the policies of an entire state.