What Is an Algorithm

question 21

Multiple Choice

What is an algorithm?

• A) Refers to a set of instructions that completes a task.
• B) A type of artificial intelligence that enables computers to both understand concepts in the environment, and also to learn.
• C) Machines can still make their own decisions based on reasoning and past sets of data.
• D) Refers to the field of artificial intelligence that works toward providing brainlike powers to AI machines; in effect, it works to make machines as intelligent as the humans.

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Definitions:

Interest Receivable

The amount of interest that has been earned but not yet received in cash or recorded by the recipient company.

Effective Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.

Bank Discounts

An interest deduction from the face value of a note, payable by the borrower at the time a loan is issued.

Reversing Entry

An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.