Match the Following Terms to Their Descriptions

question 3

Multiple Choice

Match the following terms to their descriptions.
-Turing test

• A)set of rules for constructing sentences from words
• B)one person types questions into a computer terminal, and the person attempts to determine whether the answers were typed by another person or a computer
• C)converts text from one language to another
• D)software designed to replicate the knowledge of a human expert
• E)analyzes sentence structure and classify words as subjects, verbs, or other parts of speech

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Definitions:

GAAP

Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Write-down

An accounting procedure reducing the book value of an asset when its market value drops below the recorded cost, resulting in a non-cash expense.

Impaired Asset

An asset that has a market value less than its carrying value on the balance sheet, indicating that it may not generate future benefits worth its listed value.