Question 1

In which of the following situations would blockchain add value?

Accepted Answer

A) Multiple parties that do not trust each other want to collaborate. 
B) Management would like to automate routine tasks. 
C) A prediction on weather related losses is needed. 
D) Contracts need to be reviewed for revenue recognition. 
A) Multiple parties that do not trust each other want to collaborate. 
B) Management would like to automate routine tasks. 
C) A prediction on weather related losses is needed. 
D) Contracts need to be reviewed for revenue recognition. A

Question 2

When a bank has an input file of FICO scores and uses machine learning to help predict credit losses for each customer,they are likely using which type of learning?

Accepted Answer

A) Reinforcement Learning. 
B) Unsupervised Learning. 
C) Supervised Learning. 
D) Matrix Learning. 
A) Reinforcement Learning. 
B) Unsupervised Learning. 
C) Supervised Learning. 
D) Matrix Learning. C

Question 3

When an accounting team automates account reconciliations this is an example of:

Accepted Answer

A) Robotic process automation. 
B) Spreadsheet automation. 
C) Natural language automation. 
D) Internet automation. 
A) Robotic process automation. 
B) Spreadsheet automation. 
C) Natural language automation. 
D) Internet automation. A

Question 4

Deep learning is best described as:

Accepted Answer

A) A form of machine learning that involves complex,multilayer neural networks. 
B) A form of machine learning that involves hidden neural networks. 
C) A form of learning based on regression analysis. 
D) A form of reinforcement learning. 
A) A form of machine learning that involves complex,multilayer neural networks. 
B) A form of machine learning that involves hidden neural networks. 
C) A form of learning based on regression analysis. 
D) A form of reinforcement learning.

Question 5

Which of the following is not benefit of blockchain?

Accepted Answer

A) Past information is easily edited. 
B) New transactions are propagated to all participants. 
C) Consensus must be reached to propagate transactions. 
D) Participating parties do not need to trust each other. 
A) Past information is easily edited. 
B) New transactions are propagated to all participants. 
C) Consensus must be reached to propagate transactions. 
D) Participating parties do not need to trust each other.

Question 6

What is not a general function of blockchain technology?

Accepted Answer

A) Transfer digital assets. 
B) Authenticate identities. 
C) Generation of bitcoin. 
D) Ability to create value. 
A) Transfer digital assets. 
B) Authenticate identities. 
C) Generation of bitcoin. 
D) Ability to create value.

Question 7

If a machine is attempting to reduce the dimensions in a dataset it is using:

Accepted Answer

A) Reinforcement Learning. 
B) Unsupervised Learning. 
C) Supervised Learning. 
D) Matrix Learning. 
A) Reinforcement Learning. 
B) Unsupervised Learning. 
C) Supervised Learning. 
D) Matrix Learning.

Question 8

Which of the following is an example of natural language processing?

Accepted Answer

A) A product that creates a language based confusion matrix. 
B) A product which provides voice and visual communications. 
C) A product which creates training manuals which are easy to understand. 
D) A product which reads contracts and helps accountants with revenue recognition. 
A) A product that creates a language based confusion matrix. 
B) A product which provides voice and visual communications. 
C) A product which creates training manuals which are easy to understand. 
D) A product which reads contracts and helps accountants with revenue recognition.

Question 9

To be considered blockchain a technology must have all of the following except:

Accepted Answer

A) Rewardability. 
B) Consensus. 
C) Immutability. 
D) Decentralization. 
A) Rewardability. 
B) Consensus. 
C) Immutability. 
D) Decentralization.

Question 10

Artificial neural networks are the engines of machine learning.

Accepted Answer

A) True 
 B)False

Question 11

Smart contracts may be an opportunity for auditors as they contain business rules.

Accepted Answer

A) True 
 B)False

Question 12

Which type of blockchain would an accounting department of a large international firm set up to track control testing?

Accepted Answer

A) Private. 
B) Public. 
C) Consortium. 
D) Supply Chain Block. 
A) Private. 
B) Public. 
C) Consortium. 
D) Supply Chain Block.

Question 13

Blockchain is only used for cryptocurrency.

Accepted Answer

A) True 
 B)False

Question 14

How do data analysts use confusion matrices?

Accepted Answer

A) To predict a non-binary outcome. 
B) To predict a binary outcome. 
C) To understand a model's prediction results. 
D) To audit artificial intelligence. 
A) To predict a non-binary outcome. 
B) To predict a binary outcome. 
C) To understand a model's prediction results. 
D) To audit artificial intelligence.

Question 15

If a machine learns by trial and error,it is using:

Accepted Answer

A) Reinforcement Learning. 
B) Confusion Learning. 
C) Semi-Supervised Learning. 
D) Matrix Learning. 
A) Reinforcement Learning. 
B) Confusion Learning. 
C) Semi-Supervised Learning. 
D) Matrix Learning.

Question 16

Which of the following best represents the virtuous cycle of machine learning?

Accepted Answer

A) Input customer purchase data→Predict future purchases→Learn pattern. 
B) Input customer purchase data→Learn pattern→Predict future purchases. 
C) Predict pattern→Input purchase data→Learn pattern. 
D) Predict outcome→Input data→Learn mistakes. 
A) Input customer purchase data→Predict future purchases→Learn pattern. 
B) Input customer purchase data→Learn pattern→Predict future purchases. 
C) Predict pattern→Input purchase data→Learn pattern. 
D) Predict outcome→Input data→Learn mistakes.

Question 17

One of the largest challenges across the accounting industry for auditing firms which use blockchain is:

Accepted Answer

A) Understanding business activities. 
B) Continuous monitoring. 
C) Deciphering cryptocurrency. 
D) A gap in skillset. 
A) Understanding business activities. 
B) Continuous monitoring. 
C) Deciphering cryptocurrency. 
D) A gap in skillset.

Question 18

Which of the following is not a consensus algorithm?

Accepted Answer

A) Proof of miner. 
B) Proof of work. 
C) Proof of authority. 
D) Proof of stake. 
A) Proof of miner. 
B) Proof of work. 
C) Proof of authority. 
D) Proof of stake.

Question 19

Which type of blockchain offers economic reward for the computational proof of work in mining?

Accepted Answer

A) Private. 
B) Public. 
C) Consortium. 
D) Supply Chain Block. 
A) Private. 
B) Public. 
C) Consortium. 
D) Supply Chain Block.

Question 20

Which of the following is the best description of neural networks?

Accepted Answer

A) Mathematical models that convert inputs to outputs/predictions. 
B) Intelligence exhibited by machines rather than humans. 
C) A blockchain network where participants need permission to join the network. 
D) A ledger where individual entries are separate in time and location. 
A) Mathematical models that convert inputs to outputs/predictions. 
B) Intelligence exhibited by machines rather than humans. 
C) A blockchain network where participants need permission to join the network. 
D) A ledger where individual entries are separate in time and location.

In which of the following situations would blockchain add value?

When a bank has an input file of FICO scores and uses machine learning to help predict credit losses for each customer,they are likely using which type of learning?

When an accounting team automates account reconciliations this is an example of:

Deep learning is best described as:

Which of the following is not benefit of blockchain?

What is not a general function of blockchain technology?

If a machine is attempting to reduce the dimensions in a dataset it is using:

Which of the following is an example of natural language processing?

To be considered blockchain a technology must have all of the following except:

Artificial neural networks are the engines of machine learning.

Smart contracts may be an opportunity for auditors as they contain business rules.

Which type of blockchain would an accounting department of a large international firm set up to track control testing?

Blockchain is only used for cryptocurrency.

How do data analysts use confusion matrices?

If a machine learns by trial and error,it is using:

Which of the following best represents the virtuous cycle of machine learning?

One of the largest challenges across the accounting industry for auditing firms which use blockchain is:

Which of the following is not a consensus algorithm?

Which type of blockchain offers economic reward for the computational proof of work in mining?

Which of the following is the best description of neural networks?

Accounting Information Systems and Firm Value

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language Xbrl

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters

Exam 12: Emerging Technologies: Blockchain and Ai Automation

In which of the following situations would blockchain add value?

When a bank has an input file of FICO scores and uses machine learning to help predict credit losses for each customer,they are likely using which type of learning?

When an accounting team automates account reconciliations this is an example of:

Deep learning is best described as:

Which of the following is not benefit of blockchain?

What is not a general function of blockchain technology?

If a machine is attempting to reduce the dimensions in a dataset it is using:

Which of the following is an example of natural language processing?

To be considered blockchain a technology must have all of the following except:

Artificial neural networks are the engines of machine learning.

Smart contracts may be an opportunity for auditors as they contain business rules.

Which type of blockchain would an accounting department of a large international firm set up to track control testing?

Blockchain is only used for cryptocurrency.

How do data analysts use confusion matrices?

If a machine learns by trial and error,it is using:

Which of the following best represents the virtuous cycle of machine learning?

One of the largest challenges across the accounting industry for auditing firms which use blockchain is:

Which of the following is not a consensus algorithm?

Which type of blockchain offers economic reward for the computational proof of work in mining?

Which of the following is the best description of neural networks?

Accounting Information Systems and Firm Value

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language Xbrl

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters