Software That Mimic the Reasoning and Decision Making of Human

question 25

Multiple Choice

Software that mimic the reasoning and decision making of human professionals, drawing from a base of knowledge about a particular subject area developed with the assistance of the skillful, are known as ________.

• A)neural networks
• B)emulator experts
• C)expert systems
• D)intelligent agents

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Definitions:

Competitive Industry

An industry where numerous producers are in competition with one another, leading to a situation where no single firm has significant market power, and prices are determined by overall supply and demand.

Marginal Revenue

Marginal Revenue is the increase in revenue resulting from the sale of one additional unit of a product or service.

Marginal Cost

The financial impact of manufacturing an additional unit of a product or service.

Profit Maximization

A company's objective to make the most amount of profit possible with its current resources and market conditions.