A Drawback to High-Velocity,automated Decision-Making Systems Is That They Are

question 67

Multiple Choice

A drawback to high-velocity,automated decision-making systems is that they are unable to:

• A)handle high volumes of decisions.
• B)handle structured decisions.
• C)handle semi-structured decisions.
• D)control themselves and respond to new environments.
• E)be applied to situations outside of the financial world.

---

Definitions:

Average Tax Rate

The average tax rate is the ratio of the total amount of taxes paid to the total tax base (taxable income or spending), essentially reflecting the percentage of income that goes to taxes.

Total Taxes

refer to the comprehensive amount of taxes (federal, state, local) levied on individuals, corporations, and other entities within a fiscal period.

Taxable Income

The portion of income subject to taxation after all deductions and exemptions have been applied according to tax laws.

Entry Fees

Charges that must be paid to gain access to a particular service, event, or location.