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.

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Definitions:

Accumulated Depletion

This refers to the total amount of natural resources that have been used up or extracted over time, such as minerals or oil, reflected in financial accounts.

Mineral Deposit

A naturally occurring concentration of minerals that can be extracted economically.

Trade-in

An asset given as part-payment for the purchase of a new asset, usually in the context of vehicles.

Commercial Substance

A situation where the future cash flows of an entity change as a result of a transaction, indicating the transaction has economic significance.