Speech Recognition and Self-Driving Cars Are Applications Of

question 18

Multiple Choice

Speech recognition and self-driving cars are applications of:

• A) machine learning
• B) cohort analysis
• C) opinion mining
• D) mapping and tracking
• E) cluster analysis

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Definitions:

Learning Curve

A concept indicating that the more often a task is performed, the lower the cost of doing it will become, due to increased efficiency and familiarity with the process.

Activity-Based Costing

A costing methodology that assigns costs to products and services based on the resources they consume, aiming for more accurate product costing and profitability analysis.

Nonvalue-Adding Activities

Tasks or processes that consume resources but do not add value or contribute to the customer's satisfaction or product's final worth.

Cost Driver Rate

A measure used in cost accounting to assign the costs of an activity to products or services, based on the extent of the activity they require.