What are adaptive techniques and when are they used?
What will be an ideal response?
Instead of gathering data, analyzing it, and exploring alternatives systematically, most adaptive techniques involve a combination of intuition, logic, and common sense. Adaptive techniques are less precise than traditional problem-solving methods.
Consider using adaptive techniques when:
• You have a limited amount of time to work
• An exhaustive analysis is not needed
• The risks are minimal and downside costs are low
• The solution is easily reversible
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Under the Alternative Fines Act, fines imposed on individuals may not be paid by their employer or principal
Indicate whether the statement is true or false
Closed database architecture is
a. a control technique intended to prevent unauthorized access from trading partners. b. a limitation inherent in traditional information systems that prevents data sharing. c. a data warehouse control that prevents unclean data from entering the warehouse. d. a technique used to restrict access to data marts. e. a database structure that many of the leading ERPs use to support OLTP applications.
At the time of originally recording a transaction, historical cost also represents the fair market value
Indicate whether the statement is true or false
Which of the following is an example of a deferral?
A) Utility expense incurred but not yet paid. B) Prepaid Insurance. C) Service income earned but not yet collected. D) All of these choices.