Examlex
Match each of the following terms to its definition:
I. bot
II. knowledge representation
III. perception
IV. Turing test
V. computer forensics
A. encoding information about the world in a format for AI to use
B. a way to decide whether a computer system has achieved intelligence
C. analyzes computer systems to collect legal evidence
D. program that interacts with a piece of software as if it were human
E. collecting and combining sensory data and constructing information from it
American Put
An option contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before or on a specified date.
Real Option
The choice available to managers regarding business investments, such as expanding, deferring, or abandoning a project, based on changing conditions.
Fixed Price
A pricing strategy where the cost of a good, service, or contract does not change, regardless of variations in market conditions or production costs.
Asset
Any resource owned or controlled by a business or an individual that is expected to produce positive economic value.
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