A group decision support system (GDSS) is an interactive computer-based system that facilitates the solution of semi structured or unstructured problems by a group of decision makers. What are the major characteristics of a GDSS?
What will be an ideal response?
• Its goal is to support the process of group decision makers by providing automation of sub processes, using information technology tools.
• It is a specially designed information system, not merely a configuration of already existing system components. It can be designed to address one type of problem or a variety of group-level organizational decisions.
• It encourages generation of ideas, resolution of conflicts, and freedom of expression. It contains built-in mechanisms that discourage development of negative group behaviors, such as destructive conflict, miscommunication, and groupthink.
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Which of the following serves as an intermediary channeling the savings of individuals, businesses, and governments into loans and investments?
A) financial institutions B) financial markets C) Securities and Exchange Commission D) OTC market