Business School 101: AI Technologies Quiz

What is the primary function of machine learning in online shopping platforms?

• To manage inventory

• To analyze browsing history and suggest products

• To create new products

• To process payments

Which type of machine learning involves training a model on labeled data?

• Supervised learning

• Reinforcement learning

• Unsupervised learning

• Deep learning

In which sector is reinforcement learning used to optimize power grid management?

• Finance

• Energy

• Retail

• Healthcare

What is a key feature of deep learning that distinguishes it from traditional machine learning?

• Focus on small datasets

• Reliance on hard-coded rules

• Use of neural networks with multiple layers

• Ability to handle structured data

Which application of deep learning allows smartphones to unlock with a glance?

• Facial recognition

• Natural language processing

• Fraud detection

• Dynamic pricing

How does Spotify enhance user experience using machine learning?

• By offering free subscriptions

• By creating custom playlists based on listening habits

• By providing live concert updates

• By reducing advertisement frequency

What is a common application of AI in the financial sector?

• Designing new financial products

• Automating trading and assessing credit risk

• Predicting weather patterns

• Managing customer service

What is a significant challenge in adopting ML and DL technologies?

• Inability to scale

• Lack of interest from businesses

• High costs and need for specialized expertise

• Limited data availability

Which ethical concern is associated with AI systems?

• Increased energy consumption

• Bias in algorithms

• Over-reliance on technology

• Lack of innovation

What is required for successful implementation of ML and DL in businesses?

• A strategic approach and commitment to ethical practices

• A large marketing budget

• A focus on traditional business models

• A reduction in workforce