ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What can a model accomplish?
A
Calculate risks
B
Understand uncertainty
C
Manipulate time
D
All of the above
Explanation: 

Detailed explanation-1: -Consolidation, drill-down, and slice-and-dice are the three most common capabilities offered in an EIS.

Detailed explanation-2: -Sensitivity analysis Finds the inputs necessary to achieve a goal such as a desired level of output. Enables users to get details, and details of details, of information.

Detailed explanation-3: -Deep learning neural networks, or artificial neural networks, attempts to mimic the human brain through a combination of data inputs, weights, and bias.

Detailed explanation-4: -Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.

There is 1 question to complete.