Question

True or False: Group decision support system (GDSS) is also a decision support system. So, there are three basic decision models used in GDSS: operational, strategic, and financial.

Answer 1

A Group Decision Support System (GDSS) is a type of Decision Support System (DSS) that is designed to facilitate group decision-making processes.

Step-by-step explanation:

True. A Group Decision Support System (GDSS) is a type of Decision Support System (DSS) that is designed to facilitate group decision-making processes. It combines communication technology, decision support tools, and collaboration features to help groups make better decisions.

There are indeed three basic decision models commonly used in GDSS:

1. Operational: These models help with day-to-day operational decisions, such as inventory management or production scheduling.
2. Strategic: These models assist in long-term strategic decisions, such as entering new markets or launching new products.
3. Financial: These models are focused on financial decisions, such as budgeting or investment analysis.