List at least three examples of machine learning.
What will be an ideal response?
Answers may vary. Machine learning can be used in a wide variety of tasks including college admissions decisions, credit approvals, fraud detection, search result optimization, and dating site matching. It can use other algorithms (like decision trees, linear regression, and logistic regression) depending on the type of data being analyzed. It can also use neural networks to predict values and make classifications such as "good prospect" or "poor prospect" based on a complicated set of possibly nonlinear equations.
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A mission statement expresses the
A. expected profitability of an organization. B. purpose of an organization. C. code of ethics. D. market for the product. E. types of employees needed.
A form prepared periodically for each processing department summarizing (1) the units for which the department is accountable and the disposition of these units and (2) the costs charged to the department and the allocation of these costs is called a:
A. schedule of Cost of Goods Sold. B. production cost report. C. job order cost sheet. D. schedule of Cost of Goods Manufactured.
Which of the following statements is true regarding activity-based costing in administration?
A. Activity-based costing for administrative services follows the same four-step procedure described for manufacturing. B. All cost drivers in an administrative system will be time-related. C. The principles of ABC are different when applied to administrative services. D. ABC in administration involves five steps.
Which of the following is true of covenants and conditions?
A. A covenant is a conditional promise to perform. B. A conditional promise becomes a covenant if the condition is met. C. A contract cannot contain conditions that excuse performance. D. A party cannot sue the other party for breach of a covenant.