Which of the Following Statements About Expert Systems (ES) Is

question 50

Multiple Choice

Which of the following statements about expert systems (ES) is false:

• A) They can help provide a competitive advantage.
• B) They are sometimes used as part of a down-sizing strategy.
• C) They only work well for simple decisions.
• D) They can be used to train new employees.

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Definitions:

Total Utility

The complete satisfaction or pleasure a consumer derives from consuming a particular quantity of goods or services.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.

Product Prices

The amount of money required to purchase a good or service, determined by various factors including production costs, demand, supply, and market competition.

Topographical Map

A type of map characterized by large-scale detail and quantitative representation of relief, usually using contour lines.