Refer to Closing Case - IBM's Watson: IBM Watson Differs

question 105

Multiple Choice

Refer to Closing Case - IBM's Watson: IBM Watson differs from other information systems' capabilities in the following manner:

• A) it can store vast amounts of information
• B) it can search through a large amount of information
• C) it can process natural language commands
• D) it can process large amounts of information in response to a query and assign confidence measures to a set of possible solutions
• E) it can selectively update information based on current trends on the Internet

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Definitions:

Allocation Rate

The rate at which indirect costs are assigned to cost objects based on a certain basis, like labor hours or machine hours.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities they require, aiming for more accurate cost information.

Manufacturing Overhead Costs

Indirect costs associated with manufacturing, including costs related to factory operations but not directly tied to specific products.

Activity Cost Pools

These are groups in which costs are collected according to the activities they support, facilitating more accurate allocation of overheads in cost accounting.