An Example of a Smart System Is (Are)

question 34

Multiple Choice

An example of a smart system is (are)

• A)social networking sites at colleges and universities.
• B)a location-based app downloaded to a GPS-enabled smartphone.
• C)global marketing strategies that leverage advertising assets to multiple countries.
• D)real world systems.
• E)online retailers.

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Definitions:

Net Operating Income

Income originating from a corporation's central business endeavors, excluding subtractions for interest and taxes.

Variable Component

A portion of a cost or expense that varies directly with changes in production volume, business activity, or other variables.

Least-Squares Regression

A statistical method used to determine a line of best fit by minimizing the sum of the squares of the differences between observed values and those predicted by the model.

Inspection Cost

Expenses associated with the activities necessary to ensure that products or services meet the required standards and specifications.