Nominal variables are variables that are measured in: monetary units while real variables are measured in numerical units.
There are varieties of specific variable, nominal and ordinal. A nominal variable has no intrinsic ordering to its categories. as an instance, gender is a express variable having categories (male and female) with no intrinsic ordering to the types. An ordinal variable has a clear ordering.
Nominal facts is assessed with out a natural order or rank, whereas ordinal statistics has a predetermined or natural order. alternatively, numerical or quantitative facts will constantly be a variety of that can be measured.
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Describe the communication style in china; how is it different from china of residence?
The Chinese place a lot of emphasis on indirect communication as a result of the requirement to keep good ties. In order to convey meaning, they use less words and pay more attention to posture, expression, and tone of voice.
They frequently speak informally and may understate their points. Be nice and polite, and steer clear of anything that makes you communication uncomfortable, or you might find that you have the freedom to discuss topics that are taboo at home. Find topics that everyone can agree on, such as sports, cuisine, and family. While Americans value the individual, Chinese civilization is centered around the group.
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which of the following is a benefit of buying direct from a distributor? c. invest more resources in supplier selection and management. b. access to a wider bundle of products and emerging technologies a. lower prices and better service e. none of the above d. all of the above
Option b. access to a wider bundle of products and emerging technologies is a benefit of buying direct from a distributor.
A distributor is largely an independent contractor. In distributor agreements, you promote your services or products to the distributor, who then sells them on to their patron, adding a margin to cover the distributor's own expenses and profit. The distributor has the agreement with the client.
A distributor is an entity that buys noncompeting products or product traces and sells them direct to stop users or clients. maximum vendors additionally offer quite a number offerings together with technical aid, guarantee or provider. distributors are vital in supporting attain markets producers could not otherwise target.
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The decentralized public ledgering system called ________ is used to record and manage transactions in traditional sectors like shipping, real estate, voting, and stock trading.
Transactions in established industries including shipping, real estate, voting, and stock trading are tracked and managed using the decentralized public ledger technology known as Blockchain.
What steps constitute a public, decentralized ledgering system?The process of moving power and responsibility from a centralized organization to a decentralized structure is known as decentralization. Delegating the management of resources available in an application allows for the provision of a greater and more equitable service.
Without a national automated clearing house, payments can be validated using a distributed ledger known as a blockchain. Automatic updates, attacks, and deception are very difficult with this kind of data storage.
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if an economy is currently in short-run equilibrium where the level of real gdp is greater than potential output, then in the long run, one will find:
In the long run, an economy that is currently in short-run equilibrium, where real GDP is greater than potential output, will: The economy will return to its potential real GDP if nominal wages rise and the SRAS curve moves left.
When the economy is in short-term equilibrium, what happens?
An economy is in short-run harmony when the total measure of result requested is equivalent to the total measure of result provided.
In the short term, what happens to the price level and real GDP?
The Short-Run Aggregate Supply Curve (SRAS) The SRAS curve indicates that an economy's real GDP will rise as the price level rises and you move along the SRAS.
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6. if a factor/input price for suppliers in an industry increases (ceteris paribus), the supply schedule should: a) shift to the right. b) shift to the left. c) remain the same. d) none of the above.
The supply schedule should move in the right direction (ceteris paribus) if a factor or input price for suppliers in an industry rises.
What is industry?
An industry is a collection of businesses that are connected by their main lines of business. There are numerous classifications of industries in contemporary economies. Sectors are generally used to group together larger categories of industry classifications. Typically, a company's largest revenue sources determine what industry it belongs to. For instance, even though an automaker may have a financing division which contributes 10% to the company's overall revenues, most classification systems would place the business in the automaker industry. Industries are divisions of related businesses based on the main product produced or sold. By doing this, industry groups are effectively formed, which can later be used to separate businesses from those who take part in other activities.
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Apex fitness club uses straight-line depreciation for a machine costing $28,800, with an estimated four-year life and a $2,300 salvage value. at the beginning of the third year, apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,850 salvage value.
The book value of the asset at the end of the second year is $15,550.
The depreciation for each of the final three years is $4,566.67.
What is the book value and the depreciation?Straight line depreciation method is a method that is used to depreciate the value of an asset. The value of the asset is depreciated linearly over the useful life of the asset.
Depreciation expense = (cost of the asset - salvage value) / useful life
(28,800 - $2,300) / 4 = $6,625
Book value is the cost of the asset less its accumulated depreciation
Book value = cost of the asset - accumulated depreciation
Accumulated depreciation = yearly depreciation expense x number of years
$6,625 x 2 = $13,250
Book value = $28,800- $13,250 = $15,550
Depreciation expense using the revised estimate = ($15,550 - $1,850) / 3 = $4,566.67
Here is the complete question:
Compute (1) the machine’s book value at the end of its second year and (2) the amount of depreciation for each of the final three years given the revised estimates.
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ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. his state has a property tax rate of 0.088. how much does ian pay in property tax every year?
Ian will pay a yearly property tax of $10,890.
⇒$255,000 x 0.55 x 0.088 = $10,890
What is Property Tax?
An ad valorem tax on the value of a property is known as a property tax or millage rate. The governing body of the region where the property is located is responsible for collecting the tax. A town, a county, a federated state, or the federal government are all examples of this.
How is property tax calculated?
To estimate your annual property tax:
Multiply the taxable value of your property by the current tax rate for your property's tax class.
Property tax rates change each year, as well as the value of exemptions and abatements. The actual taxes you pay in July might be different.
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sparks furniture company carries three lines of sofas. information about the sofa inventory as of the end of its most recent fiscal year follows. if lcm/nrv is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory? product line cost per unit market value per unit quantity rustic $ 700 $ 725 190 mediterranean 600 605 300 contemporary 950 820 275
The adjustment that is required that must be made to the inventory of the company is $35,750
How to solve for the adjustmentThe acronym LCM is used to refer to what means the lower of cost or market value.
We can see that the two given as rustic and Mediterranean have a lower cost compared to the market value. There would be no adjustment required for this.
The contemporary cost is what would have to be passed. We would have the following:
difference between cost and the market value of the contemporary
= 950 - 820
= 130
The quantity is 275.
The amount of adjustment would be 275 * 130
= 35750
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1. compute the contribution margin of schmidt men's clothing 2. compute the contribution margin percentage. 3. mr schmidt estimates that he can increase units sold, and hence revenues by 25% by incurring additional advertising costs of $12,000. calculate the impact of the additional advertising costs on operating income 4. what other actions can mr. schmidt take to improve operating income?
Calculate the men's clothes contribution margin and the contribution margin percentage.
Delaware County
1. The sales amount is $2,430,000 in dollars.
2. The safety margin is 33% (in percentage).
3-1) A $45 unit contribution margin
2) The contribution margin ratio is 20%.
3) 7,200 units represent the break-even point.
4) $1,620,000 and $255 in sales are required to break even.
(a) Data and calculations.
Statement of Contribution Margin Income for the calendar year ending on December 31, 2019
Sales (at a cost of $225 each, 9,600 pieces) Variable costs: $2,160,000 (9,600 units at $180 each) 1,728,000 contributions, 432,000 contributions, and 324,000 fixed expenses
Pre-tax income of $108,000
The contribution margin per unit is $45 ($432,000/9,600).
Contributions amount to 20% ($45/$225 * 100).
Break-even is reached at 7,200 units ($324,000/$45).
($324,000/0.20) is the $1,620,000 break-even mark in sales. $255
1. With a target pretax income of $162,000:
Sales dollars divided by the contribution margin ratio equals (Fixed costs + the desired profit).
= $2,430,000 ($324,000 + $162,000)/0.20
2. A margin of safety (in percent)
1. The sales were $2,430,000.
2. ($2,430,000 - $1,620,000) The safety margin is $810,000.
33% ($810,000/$2,430,000 * 100) is the percentage margin of safety.
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the nature of the tax system means that there is usually a trade-off between and the principle pushes governments towards a tax system but considerations push them in the other direction. a(n) tax promotes economic efficency as it does not
The nature of the tax system means that there is usually a trade-off between Equity and Efficiency.
This principle pushes governments towards a progressive tax system but equity considerations push them in the other direction. a(n) ability to pay tax promotes economic efficiency as it does not distort ability-to-pay lump-sum benefits.
Tax efficiency is the payment of fair taxes, while tax equity is the tax laws. In a progressive tax system, those with higher incomes pay more in taxes. This approach can help to lessen societal inequality. As a result, the economy grows, unemployment declines, and the purchasing power of the poor is increased.
The government has a progressive tax system, but tax equity allows people to avoid paying some taxes by using tax codes. It is pushed against the other wall by this tax equality.
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in january of 2024, the falwell company began construction of its own manufacturing facility. during 2024, $6,000,000 in costs were incurred evenly throughout the year. falwell took out a $2,500,000, 10% construction loan at the beginning of the year. the company had no other interest-bearing debt. what amount of interest should falwell capitalize in 2024?
$250,000 is the amount of interest should Falwell capitalize in 2024.
The computation of capitalized interest is displayed below:
= Amount of construction loan × given percentage
= Construction loan amount divided by percentage
= $2,500,000 divided by 10% equals $250,000
To get the precise amount, we simply multiplied the construction loan amount by the specified percentage.
Debt that bears interest. Rarely does this obligation have interest. The other kind of debt is long-term debt, which includes money owing to people who bought corporate bonds the company issued or loans from banks. Until the principal is repaid, the corporation must adhere to interest rate commitments associated with this loan.
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question content area using accrual accounting, expenses are recorded and reported only a.when they are incurred and paid at the same time b.when they are incurred, whether or not cash is paid c.if they are paid after they are incurred d.if they are paid before they are incurred
When using accrual accounting, revenue is only recognized and reported when the services are provided, regardless of when payment is made.
When a transaction occurs rather than when a payment is made or received, income or expenses are recorded in accordance with the accrual accounting method. The technique adheres to the matching principle, which argues that revenues and expenses should be recorded in the same period.
Sales made on credit, purchases made on credit, rent paid, power costs, depreciation, and audit fees are some of the most typical examples of accrual accounting.
Timing is the key distinction between cash-basis and accrual-basis accounting. Cash basic accounting is when you perform it whenever you pay or receive money. Accrual basis accounting is done when a bill is received or an invoice is created.
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Sarah has shared with noel that they are part of their manager’s ingroup. What argument can she use to convince noel of the correctness of her perception?.
They have higher performance ratings than others in their department. This argument she can use to convince noel of the correctness of her perception
The time period 'department' can refer to a number of various things. as an example, an administrative division inside a nation, a governmental ministry or even a part of an group. on this specific definition, we confer with the time period 'branch' because it's used to refer to separate divisions of an enterprise.
A branch is normally understood as a part of a bigger organization. The time period 'branch' can also cowl a extensive style of meanings, from e.g. a geographical or administrative division within a rustic, to a governmental ministry or a part of an organization, together with a university.
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the fixed cost in manufacturing a single led monitor is $40 and the variable cost is $12. if the company expects to manufacture 5,000 monitors, the total costs would be
monty, a career criminal, steals a diamond from prime cut jewelers. he then sells it to adamas jewelers, who is unaware of the stolen nature of the diamond. if prime cut discovers that the diamond is with adamas, and reclaims the diamond, what warranty breach can adamas declare to recover the cost from monty?
The warranty breach can adamas declare to recover the cost from monty is warranty of title.
What is a warranty of title?A seller's assurance to a buyer that they have the authority to transfer ownership and that no other party has any claims to the property is known as a warranty of title. A warranty of title may also be used to ensure that the property being transferred is free of any third-party copyright, patent, or trademark claims. A warranty deed, which is employed to legally transfer property in a sale, contains a formal warranty of title. This agreement ensures that neither the Internal Revenue Service nor an ex-spouse have a lien or other claim to the property, and that the seller has the legal authority to sell the property.
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trulife health systems has opted for a top-down approach to changing how the company functions so that efficiency is increased. what is the change likely to entail?
The change likely to entail expanding adoption of healthcare innovations and other medication price drop steps .
What is truelife health systems and what is opted by the company for a better change?Truelife health is a service agency grew and growing for constantly providing help in terms of health to those in need.The company has opted for multiple steps to enhance the output and to provide better service for public welfare.Here is asked the change likely be entailed by company to increase the effiiciency.Hence the change is to expand the adoption of healthcare innovations and drop the prices of medicines.Other steps also have taken along to quicken the process of enhancement and increase the efficiency.To know more about health visit:
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market failure occurs when part 2 a. the market system fails to allocate resources to each individual according to their abilities. b. the market system fails to allocate resources to each individual according to their needs. c. the market system fails to allocate an equal share of resources to all individuals. d. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.
Market failure occurs when the market system fails to allocate resources to each individual according to their abilities.
When products and services are distributed inefficiently in the free market, this is referred to as market failure in economics. When markets fail, individual incentives for rational behavior do not produce outcomes that are reasonable for the whole.In other words, each person chooses the best choice for themselves, but the collective suffers as a result of their choices. A steady-state disequilibrium, where the quantity provided is less than the quantity required, can occasionally be used to illustrate this in conventional microeconomics.Any time members of a group experience poorer outcomes than they would have had they not behaved in their own perfectly rational self-interest is considered a market failure. Such a group either pays too much in taxes or receives insufficient benefits.Market failure may happen in explicit markets, which are regarded as typical markets since they involve the outright purchase and sale of commodities and services.In implicit markets where favors and special treatment are exchanged, such as elections or the legislative process, market failure can also take place.Market failures can be fixed by the private market, the government, or by voluntary group efforts.Learn more about Market failure, here
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on april 1, a company takes on an 18-month job and receives a $10,000 advance that is recorded in unearned revenue. if no adjusting entry is made at year-end, how will the financial statements be affected?
The company's financial statements should exaggerate liabilities and understate revenue if the year-end adjustment entry for unearned revenues is not made.
The liabilities in the book are larger than their true balance and the revenue value is lower than its true earned value as a result of the inability to record a year-end adjustment entry for unearned revenue.
Unearned revenue is defined as money received in advance but not yet used for the purchase of products or services.
Revenue should be understated if the entry is not made since it is not revenue but rather income that was received in advance, making it a liability for the corporation to provide the goods or services. Following the provision of products and services, the revenue will decrease the liability, and Income will be noted.
If the product or service isn't supplied within a year, the balance sheet records it as a long-term liability.
Before financial statements can be created, all account balances must be updated with adjusting entries. These modifications are the consequence of time passing or slight changes in account balances rather than actual events or transactions. Five different categories of adjusting entries
accrued income. An accumulated revenue adjustment must be made when revenue is generated in one accounting period but not recognized until a subsequent period.
accumulated costs
Deferred income.
prepaid costs.
expenditures for depreciation.
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3. What could be done for the ratio(s) that were not favorable to the nursery that you chose? (5 pts)
The science and practice of nursery management can be improved by choosing the right use of soil, fertilizers, nutrients and supply of clean water.
What is nutrient management?Nutrient management is the process of matching a particular crop management conditions, field soil, and climate condition to the 4R nutrients.
The 4R nutrients are
RatePlaceSourceTimingHow to improve the unfavourable ratio?
To answer this question, we make use of soil and nutrients management as a ratio to improve the nursery.
It follows that using the right soil in planting a particular type of crops helps to reduce some negative result or unfavourable condition which stands to impede economic growth.
The correct use and adequate supply of fertilizers can help to provide a favourable condition in the nursery.
In nursery production, employing clean water can go a very way to help improve the quality of these nursery lives and management as contaminated water reduces the productivity of the nursery.
In conclusion, we can now confirm that when we introduce the right measures in the nursery practice such as soil and nutrients management, it can help improve the ratios of the nursery.
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Complete question:
What could be done to improve the practice of nursery management that you chose
true or false: the cost of a plant asset includes not only the acquisition price but also all reasonable and necessary expenditures to prepare the asset for use.
It is true that the cost of a plant asset includes not only the purchase price but also any reasonable and necessary costs associated with getting the asset ready for use.
A plant asset's acquisition cost is the amount of cash or cash equivalents paid to acquire and install the asset in its proper location. As a result, the cost includes everything that is typical, reasonable, and required to acquire the asset and prepare it for use.
How is a plant asset's cost determined?The amount of cash actually paid by an individual or organization is used to calculate the cost of a plant asset in a cash transaction.The cash equivalent price paid is used to measure the cost of a plant asset when the non-cash transaction is used.Learn more about plant asset here:
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you want to have $5 million in real dollars in an account when you retire in 40 years. the nominal return on your investment is 13 percent and the inflation rate is 4.4 percent. what real amount must you deposit each year to achieve your goal? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The real amount one needs to deposit each year is $16466.33 for the amount of $5 million to be in the account when one retires in 40 years
The impact of inflation is not taken into account by the stated nominal interest rates. The nominal interest rate less the inflation rate gives you the real interest rate.
Finding the real interest rate:
Real interest rate = Nominal interest rate - Inflation rate
= 13 - 4.4
Real interest rate = 8.6
The next step is to calculate the annuity value using the Future Value formula, solving for x, or the annual payment amount, we get the following:
[tex]{eq}FV = Contribution * \frac{1}{Nominal\ Rate}*((1+Nominal\ Rate)^{years})-1)\\\\\\ 5,000,000 = x * \frac{1}{0.086}*(1.086^{40}-1)\\\\\\ x = 16,466.33 = Annual\ Payments[/tex]
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in the context of bonds, accrued interest: group of answer choices a) is discounted along with other cash flows to arrive at the dirty, or full price. b) covers the part of the next coupon payment not earned by seller. c) equals interest earned from the previous coupon to the sale date.
Option C. equals interest earned from the previous coupon at the same rate is the correct answer.
Accrued interest is the total amount of interest that has been generated but has not yet been paid on an obligation, such as a bond. Option C's definition of accumulated interest on bonds is accurate. The alternative options are false. Not just bonds with payment intervals over a year, but all bonds with periodic coupon payments may accrue interest. When determining the bond's price, accrued interest is not deducted. Option b. It should read "not earned by the buyer" instead of "covers the part of the next coupon payment not earned by the seller."
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if you were to run a sports team, what would be your financial and customer metrics? explain why you chose the metrics you choose. do they compete with or help each other? if you are not familiar with a sport, feel free to use the baseball example from moneyball.
Financial measures make economic data sets' qualities visible that might not be obvious from a single glance at the statistics.
Each financial measure offers a distinct message about a body of economic data, and they all deal with economic data. Profitability, account receivable aging, and days sales outstanding are some examples of financial measures (which tells how many days, on average , it takes to receive payment from the invoice date)
Non-financial measures can give insight into an organization's impact on stakeholders and society as well as act as leading indicators of future financial performance. Non-financial measures can be used to determine what changed in order to enhance and why specific financial results occurred. Non-financial criteria include, for instance, a company's reputation, competitiveness, and innovation and customer influence and value.
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jack invests $1000 at a certain annual interest rate, and he invests another $3000 at an annual rate that is one-half percent higher. if he receives a total of $135 interest in 1 year, at what rate is the $1000 invested?
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place. The interest rate over a year is known as the annual interest rate.
Explain about the annual interest rate?The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment.
The calculations and formula are as follows: Effective yearly interest rate = (nominal rate / number of compounding periods) - 1 + (number of compounding periods) - (number of compounding periods) - 1. This would be: 10.47% = (1 + 10% / 12)) 12 - 1 for investment A. It would be as follows for investment B: 10.36% = (1 + (10.1% / 2)) 2 - 1.
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larry south is leasing property from jim west. larry south transfers the rights of his leasehold estate to joe north. the transaction occurred because of:
Both a contractual and a real estate interest—here known as a leasehold interest—are created by a lease between a landlord and a tenant.Even when a lease is quiet in some areas, the lessee and lessor are presumed to be protected by the legal concept of leasehold.
What does the legal term leasehold mean?
A leasehold estate gives the tenant a right to use the property, but it does not give them ownership of it.This kind of estate is typically outlined in a formal lease that is signed by both the renter and the property owner (the lessor) (the lessee). A lease in a non-freehold estate, which is a real estate contract that does not impart ownership interest or rights to the title of a piece of real property, grants a property lessee temporary occupancy rights known as a leasehold interest. The freeholder receives payments from you in the form of service fees and rising ground rent.To make changes to the property, you need the freeholder's written consent; there can be significant costs involved.Pets may not be permitted for you.Your ability to operate a business from home may be limited. You are in charge of maintaining anything inside your home or that is only related to your home as a leaseholder.This includes paying all outstanding fees for services, maintenance, upgrades, insurance, and ground rent. The right to use and occupy a flat for an extended period of time, or the "term" of the lease, constitutes leasehold ownership of a flat.The typical duration of this is 99 or 125 years, during which time the apartment may be purchased and sold.Since the duration of the term is fixed from the beginning, it gets shorter every year. The property technically reverts to the freeholder's ownership at the end of the lease.However, since you may keep extending the lease, this rarely occurs.In fact, an extension is your legal entitlement if you've held the lease for more than two years. The Land Registry typically registers the title with absolute or good leasehold title for leased properties.Rarely, qualifying or possessory leasehold titles will be awarded; your attorney will let you know if this is the case in your situation. When a property's leasehold period is up, it reverts to being a freehold, meaning the freeholder owns both the building and the land.Even if you have paid off your mortgage and bought the home fully, you will have no legal claim to it until the lease expires.To learn more about leasing property refer
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gravity is a successful and popular ice cream parlor in the community. it sells a variety of soft-serve and hard ice cream flavors. its main competitor, dairy twist, is also popular. in addition to offering its customers a robust menu of soft-serve and hard ice cream flavors, it offers a menu of local seafood snacks, which customers love. if gravity were to research whether to add similar food items to its menu, what should it do first?
The first thing that Gravity must do is Market research to acquire the right kind of data to decide whether Gravity should expand its menu or whether customers want them.
Market research is a systematic attempt to collect as much information as possible about target market segments and consumers, beginning with knowing who they are. Market research is a crucial component of the company's strategy and a critical part in keeping competitiveness. The requirements of the marketing, the market structure, market segments and the rivalry are all identified and investigated with the assistance of market research. Its techniques include both subjective ones, like focus group discussions, in-depth conversations, and ethnography, and statistical ones, such questionnaires and secondary research.
Gravity must do detailed market research to understand whether there is need to add extended menu or not.
The complete question is here:
gravity is a successful and popular ice cream parlor in the community. it sells a variety of soft-serve and hard ice cream flavors. its main competitor, dairy twist, is also popular. in addition to offering its customers a robust menu of soft-serve and hard ice cream flavors, it offers a menu of local seafood snacks, which customers love. if gravity were to research whether to add similar food items to its menu, what should it do first?
(a) Come up with a plan to uncover whether to add food items to its menu or whether its loyal customers want these items.
(b) Analyze primary research data to inform whether Gravity should expand its menu or not.
(c) Acquire the right kind of data whether Gravity should expand its menu or whether customers want them.
(d) Come up with actions steps for Gravity to expand its menu.
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brand-switching studies can be invaluable to brand managers because longitudinal studies that show changes in market shares between several brands can be misleading. true false
in which company would you rather invest? multiple choice question. a company with low gross profit percentage and low sales volume a company with high gross profit percentage and high sales volume a company with low gross profit percentage and high cost of goods sold
In companies I like to invest in is a low percentage of gross profit and high cost of goods sold.
Investment is the activity of placing capital in the form of money or other valuable assets into an object, institution, or party with the hope that the investor or investor will benefit after a certain period of time. Because of the hope of getting profits in the future, this investment is also known as investment. The term investment itself comes from the Italian word, investee which means to use or use. Generally, funds or assets invested by an investor will be developed by the agency or party that manages it. The profits from the development will be distributed to investors as a return in accordance with the provisions between the two parties.
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knowing how much money an economy has matters because it helps determine:multiple choice question.interest rates and prices.productivity and employment.employment and prices.interest rates and employment.
Knowing the amount of money an economy has, matters because it helps determine interest rates and employment.
What is an economy?An economy can be described as the process of production as well as the consumption of the goods as well as the services that can be seen in a particular country is a given period of time.
It should be noted that Knowing how much money an economy do help[ alot to know about the interest rates in the economy and this will help the financial institutions to adjust in the economy.
Therefore, the last option is correct.
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software systems that assist managers in solving problems by demonstrating how results may vary when assumptions or data are altered are known as .
Software systems that assist managers in solving problems by demonstrating how results may vary when assumptions or data are altered are known as Decision support systems.
What are Software systems?The software system consists of several separate computer programs and related configuration files, documentation, etc. that work together with managers . Managers concept is used when studying large and complex software because it focuses on the major components of software and their interactions.Software systems is software designed to provide a platform for other software. Examples of software systems include operating systems (OS) such as macOS, Linux, Android, and Microsoft Windows, computational science software, game engines, search engines, industrial automation, and software-as-a-service applications. The system has his three basic kinds of software: application programs, device drivers and operating system.Software system is a type of computer program designed to run computer hardware and application programs.To learn more about software systems from the given link :
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