What Is a Special-Purpose Knowledge-Based Information System That Accomplishes Specific

question 169

Multiple Choice

What is a special-purpose knowledge-based information system that accomplishes specific tasks on behalf of its users?

• A) Intelligent system
• B) Artificial intelligence
• C) Neural network
• D) Intelligent agent

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Definitions:

Consumer Surplus

The discrepancy in the total spend consumers are willing to shoulder for a product or service as opposed to what they actually disburse.

Market Price

The present value at which a service or asset is available for purchase or sale in a market.

Consumer Surplus

The gap in the total financial commitment consumers are ready to make for a product or service versus their actual commitment.

Hockey Tickets

Specific goods in the form of admission to watch a hockey game, demonstrating concepts of supply, demand, and pricing in a market.