Which of the Following Categories of AI Is Used Extensively

question 62

Multiple Choice

Which of the following categories of AI is used extensively in the finance industry to analyze situations where the logic or rules are unknown?

• A)Expert system
• B)Virtual reality
• C)Neural network
• D)Genetic algorithm

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Definitions:

Monopsonistic Employer

An employer who has significant market power in hiring or purchasing, allowing them to dictate terms to their suppliers, often leading to lower prices or wages.

Bilateral Monopoly

A market in which there is a single seller (monopoly) and a single buyer (monopsony).

Wage Rate

The amount of money paid for a specific quantity of labor, often expressed per hour or year.

Complementary Inputs

Goods or services that are used together in production, where an increase in the use of one leads to an increase in the effectiveness of the other.