Identify a true statement about an expert system.
A. It is flexible in its problem-solving abilities and can be easily programmed with few decision rules.
B. Itwill not be able to find a solution to a problem that deviates in any significant way from the specific type of problem it was programmed to solve.
C. It finds it difficult to mimic the rules and guidelines followed by a human expert to solve a particular problem.
D. It will not be able to solve problems in areas such as medical diagnoses, fraud detection, and consumer credit evaluation.
Answer: B
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The fixed overhead volume variance measures how fixed overhead is allocated when actual volume is not equal to budgeted volume. The variance measures the difference between the budgeted fixed overhead costs and the amount of fixed overhead costs allocated to the actual output.
Calculate the following variances:
a. Variable overhead cost variance
b. Variable overhead efficiency variance
c. Total variable overhead variance
d. Fixed overhead cost variance
e. Fixed overhead volume variance
f. Total fixed overhead variance
Cash flow yield is a
A) liquidity ratio. B) profitability ratio. C) long-term solvency ratio. D) market strength ratio.
Home equity loans have been unpopular because interest on this loan is not tax-deductible
Indicate whether the statement is true or false.
Which element is part of the fraud triangle?
A. Sustainability B. Corruption C. Incentive D. Misappropriation