Decision Support Systems PDF

Dss is applied to the part of "eperations"in the -1 ))hierarchy of organizational decision levels ( false) TOB AND MIDDLE MANAGEMENT(. One advantage of database management systems is -2 that data and information can be retrieved...

Dss is applied to the part of "eperations"in the -1 ))hierarchy of organizational decision levels ( false) TOB AND MIDDLE MANAGEMENT(. One advantage of database management systems is -2 that data and information can be retrieved )rapidly.(true Data in a data warehouse is used solely for decision -3 false (.making and is not used for the firm's daily IS USED ALSO( Top managentent is concerned with -4 unstucled decision while operational level is concerned.)( with strucured decision Information security threats can be Internal as well as -5 external andthey can be accidental as well as )(.intentional Firewalls act as hiters and ers that restrict the flow of -6- )( data to and from the firm from the World Wide Web Dialouge Manager allows user interactio interaction -7 )( with DSS.There is no difference between DSS&MIS&EIS-8 )THERE IS difference(FALSE Open system connected to its environment by means -9 )(.of resource flowc DSS is expected to extend the decision maker's -11 )(.capacity to process information Multiple decision makers can be groups where all -11 )(.members have a say in the decision  Decision support systems help managers in routine -12 NON ROUTINE_SEMI ( false (.)(.decision- making tasks )ROUTINE ) false (.Decision maker can be a single person only-13 )SUNGLE OR MULTI DECISION MARKS ( : ()(Data is some collected facts and good Organized-14 )UN Organized ( false In tactical planning, top managers develop Strategies -15 false (.)(.policies and objectives through long-run )STRATGIC( In tactical planning, middle managers deverno Port -16 )(.and medium range plans and budgets In operational planning, managers in operational -17 )(.level develop short-range planning devices )(.One of components of Dss data base-18 )(.is One of components of DSs data base-19 )( One of components of DSS is dialogue base -21 One of componeents of Dss is -21 )(.knowledge base The hieralchy of organizational decision levels are -22 )(.strategic tactical operational The type of decision in middle management is -23 )SIMI ROUTINE( false ()(.routine : Data stored on tape is slower to access than data on -24 )(.a local hard disk :Choose the best answer :The type of decision in top management is-1 A-Structured C-Unstructured B-Semi Structure D-Rontine Decision in which the decision maker must provide -2 indgment evaluation and insights into the problem :definiticn world be characterized as A-Structured B-Semi Strest C-Unstructured D-Semi Structure  The type of decision in operational leve of -3 management is A-non-routine B-unstructured C-Routine TheType of decision in operational level of -4 :management is A- non-routine B-Unstructured C-Routine D-Semi routine The type of planning In top level management is-5  A-strategic planning B-Tactical Planning D-None of the above The type of planning in middle level of management -6 :is A-Strategic Planning B-Tactical Planning C-Operational Planning D-None of the above The type of planning in operational level of -7 :management is A-Strategic Planning B-Tactical Planning C-Operational Planning D-None of the above  The type of system that would no Interact with -8 customers managers or anyone else is referred to as A-Open System B-clesed system C-Open-Loop System The activity of providing machines as computer with -9 the ability to display behavior similar to that of an :intelligent human is A-Artificial Intelligence Systems -Group B Decision support Systems C-Management informationsystems Decision support systems  Which management level in clodes the and vice -11.presidents of the firm A-Strategic planete leve C-Operational entre level - tactiical planning level -B Management control level_D Whichadacement function de managers at the -11 :operational control loved spend the most time on A-planning B-Organizing D-Staffing C-Directing In MIS model, which of the following components -12 :does information not flow through A-Database  B-Report Writing software C-Mathematical models C-Information processor Which output subsystem for a financial information -13 system prepares long-term financial forecasts A-Transaction processing subsystem B Funds managemont C-Accounting information subsystem D-Forecasting subsystera The act of selecting from alternative courses of -14 action isknown as A-problem solving C-A problem B-A solution D-Doosion making What type of the problem occurs when the problem -15 solver Understands no elements or relationships :between elements A-Structured problem -Unstructured problem_B C-Semi structured problem D-Programmed problem Which information system intended to meet the -16 general information need managers throughout the :firm A-Management information informatisstom System B-Information resources D-Financial information Which of the following terms is just the collection of -17 ,networks that can be joined together  A-Internet B-Intranet C-Extranet D-None of the above Which problem solving activity involves selecting a -18 particular :Course of action from these available A-Intelligence C-Decision B-Design act D-Choice what is the activity of keeping the firm and is -19 information resources functioning after a catastrophe :attack A-Corporate information system security C-Business continuity MANGAMENT informationSecurity_B Internal information for MIS may come from any one -21 :of the Following department A-customer care department B-HR department D-Production department AI is the short form.of-21 A-Artificial information C-Artificial integration B-Artificial intelligence D-None of the above - :The back bone of any organization is-22  Information_A B-Employee D-Capital :The information of MIS comes from-23 A-Internal source B-External source C-Both A&B D-None of the above Which of the following Is not a part the family of -24 concepts that view the firm's data as a treasurebox to ,:be opened examined and conquered A-Data mining B-data marts C-Knowledge management When the IS directly interacts with board of directors -25 :it is referred to as A-Strategic level B-mid_level C-Tactical level Which of the following is not anothermaine for a -26 :group decision support system Group support system_A Monal level C-Collaborative work group Computer- supported_B The type of grss where amember Enters comments -27 in a Workstation and views the comments of the other members on the screen is  A-Decsionroom B-Legislative session C-loeal area decision network confcrence D-Computer-mediated Suppose that a decision alternative and 3 states of :nature develop the following profit payoff table )D1(,25 D2(,50) D3(,25) X1 24 11 16 X2 12 28 8 X3 16 14 21 Determine the expected value of perfect inform-1 If the decision maker knows nothing about the -2 probabilities of the three states of natures what is  recorren led decision using the optimistic, conservative and minimaegret approaches ?Solution Required: Solve the problem considering that the Mannge wants to avoid any major changes in price from one year Another so that he decided that the change in price between anyYear and the following year shouldn't exced(1)LE find the best pricing strategy and also the maximesofit Price/Year 1 2 3 4 5 3 22 18 21 14 16 4 16 13 19 11 15 5 11 8 12 11 11 6 16 22 26 12 21  ?What is the maximum profit at the first year At which price, the maximum profit will be achievad at ?the first year