What is one financial disadvantage of AI?

It requires a high initial investment

What is Artificial Intelligence?

The ability of machines to perform tasks that require human intelligence

What is an advantage of AI in business?

It can process large amounts of data quickly

Why might small businesses struggle to adopt AI?

Small businesses may lack the budget and resources

How can economies of scale affect AI in business?

Large companies benefit more because they can spread AI costs

How can AI improve business decision-making?

It analyses vast amounts of data quickly to provide insights

Which of these is an example of AI in business?

A chatbot responding to customer questions

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Artificial Intelligence - Martha Killourhy

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Answers

1
What is one financial disadvantage of AI?
It forces businesses to shut down
It requires a high initial investment
It increases the cost of hiring human workers
It reduces company profits
2
What is Artificial Intelligence?
A type of robot that replaces human employees
A system that can only follow human-written instructions
A futuristic technology with no real-world business applications
The ability of machines to perform tasks that require human intelligence
3
What is an advantage of AI in business?
It removes the need for strategic planning
It eliminates all human jobs
It can process large amounts of data quickly
It replaces all employees with robots
4
AI always guarantees business success
True
False
5
AI can be used for fraud detection in banking
False
True
6
AI always makes unbiased decisions
False
True
7
What does the usefulness of AI in business depend on?
Government regulations
The industry and business size
External factors like economic conditions
All of the above
8
Why might small businesses struggle to adopt AI?
AI is illegal for small businesses
AI does not work in small businesses
Small businesses may lack the budget and resources
It is only available for large corporations
9
How can economies of scale affect AI in business?
AI works better in small businesses
AI is equally beneficial for all businesses
AI is cheap for small businesses
Large companies benefit more because they can spread AI costs
10
How can AI improve business decision-making?
It makes emotional decisions like humans
It analyses vast amounts of data quickly to provide insights
It follows random patterns
It replaces managers entirely
11
Which of these is an example of AI in business?
A human accountant calculating taxes manually
A handwritten marketing strategy
A CEO making business decisions without AI input
A chatbot responding to customer questions
12
AI is beneficial for marketing strategies
True
False

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