The End of the Financial Year for Ziggie's Trading Company

question 42

Multiple Choice

The end of the financial year for Ziggie's Trading Company is 30 June 2019. At that date, ending inventory was understated by $3 650. The profit for the year ending 30 June 2019 will be:

• A) understated.
• B) overstated.
• C) correctly stated.
• D) dependant on whether or not the inventory increased during 2019.

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Definitions:

Machine Learning

A field of computer science that uses algorithms and statistical models to enable computers to perform tasks without explicit instructions, through patterns and inference.

Knowledge Representation

A field in artificial intelligence that focuses on the way knowledge is formalized, structured, and used by computers to perform complex tasks.

Supervised Learning

A type of machine learning where the algorithm is trained on a labeled dataset, which means that each training sample is paired with an output label.

Computer Forensics

The practice of collecting, analyzing, and reporting on digital data in a way that is legally admissible, typically in the context of cyber crime investigations.