Define artificial intelligence (AI) system
What will be an ideal response?
AI is a vast and varied area of the software industry that includes robotics, forecasting of complex systems, virtual reality (games and simulations), and expert systems. AI systems enable machines to automatically perform tasks that otherwise would require human intelligence, solve complex problems by using non-mathematical algorithms, simulate real or imaginary environments, and provide expert opinion by using available information, heuristic, and inference.
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The gross margin pricing method computes unit selling price based on production costs rather than total costs
Indicate whether the statement is true or false
What does an implied warranty of habitability provide?
A) That the leased premises must meet some minimum standard for human habitation B) That the leased premises must meet a standard for habitation relative to the amount of rent provided for in the lease C) That a reasonable tenant would find the premises acceptable D) That the premises are in the same condition as they were at the beginning of the lease term
The inventory valuation method that results in the lowest taxable income in a period of inflation is the:
A. LIFO method. B. Specific identification method. C. FIFO method. D. Weighted-average cost method. E. Gross profit method.
The sales-volume variance equals:
A. (actual sales price ? budgeted sales price) × budgeted sales volume. B. (actual sales volume ? budgeted sales volume) × actual sales price. C. (actual sales price ? budgeted sales price) × fixed-overhead volume variance. D. (actual sales volume ? budgeted sales volume) × actual contribution margin. E. (actual sales volume ? budgeted sales volume) × budgeted sales price.