<u>b. Prototyping</u> refers to the process of developing a working replica of the system or some aspect of the system.
<u>Explanation</u>:
A prototype is a sample used by the system analysts or users to evaluate the new design or build to determine its precision. A prototype is a trial product or software that is widely used in software programming and electronics.
The accuracy of the newly developed product can be checked with the help of prototype. Prototype is the replica of the real product. It helps in correcting design error before its production. Consumer gets easily attracted by seeing the prototype before the release of the original product.
Answer:
Statistical Section
Explanation:
The statistical section of comprehensive annual financial report contains details of most of PESTLE factors in numeric terms that shows to what extent these things will either affect or help the organization in near future.
Based on Machine technology fundamentals, the programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions are "<u>Intelligent agents</u>."
This is because Intelligent Agents is designed to carry out certain functions according to its environment, user input, and experiences.
<u>Intelligent agents</u> is designed with the capability to carry out or gather information on their own.
It can also be programmed to work at a specific time or when the user asks in real-time.
There are various types of Intelligent Agents. Some of these intelligent agents include the following:
- Simple Reflex Agents;
- Model-Based Reflex Agents;
- Goal-Based Agents;
- Utility-Based Agents;
- Learning Agent;
Hence, in this case, it is concluded that the correct answer is Intelligent Agents.
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Answer: d. provide disclosure in the footnotes to the financial statements.
Explanation:
A contingent liability is an obligation that a company might owe in future depending on the outcome of an event such as a law suit.
To record a contingent liability in the books, two conditions must be satisfied;
- Loss must be probable
- Amount must be estimable
If these two conditions are not satisfied then the contingent liability may simply be disclosed as a footnote in the financial statement. The amount here is not estimable so can be disclosed as a footnote.
The main purpose as well as the cause of the failure of performance appraisal process is as described below-
Explanation:
Appraisal refers to the process (mostly formal) to evaluate the productivity of the manpower of an organisation. It serves for administrative as well as developmental purpose.
Performance appraisal serves three important purpose-
- Providing adequate feedback to employees based on his/her performance.
- It can help in modifying employee behaviour and thus contributing to an effective workspace environment.
- Providing qualitative parameters to higher-order authority through which they can adjudge their subordinates.
However, appraisals occasionally fail in their motive due to following reasons-
- Appraisals are prone to biases prevailing in the work environment. Moreover, the neutrality of the rating authority is also often under the scanner.
- The appraisals are often inflicted by sampling error. The conclusion of few cannot be generalised on all.
- Appraisals don’t take into account the variability of the employee's performance, Rather it relies on the end performance and the start.
