Question 1

A use case for blockchain may exist wherever there is a significant cross-organization workflow.

Accepted Answer

A) True 
 B)False

Question 2

Smart contracts do all of the following except:

Accepted Answer

A) Define terms. 
B) Define business rules. 
C) Define miners. 
D) Define transfer of assets. 
A) Define terms. 
B) Define business rules. 
C) Define miners. 
D) Define transfer of assets.

Question 3

Blockchain is a highly regulated technology.

Accepted Answer

A) True 
 B)False

Question 4

Ethereum is a type of artificial intelligence.

Accepted Answer

A) True 
 B)False

Question 5

How often is a block added to Ethereum?

Accepted Answer

A) Every 10 minutes. 
B) Every 12-15 seconds. 
C) Every 16-22 minutes. 
D) Every second. 
A) Every 10 minutes. 
B) Every 12-15 seconds. 
C) Every 16-22 minutes. 
D) Every second.

Question 6

Consortium blockchain has no access restrictions in relation to viewing or participating in the blockchain network.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is the least likely use case for implementing blockchain?

Accepted Answer

A) A grocery store would like to modernize their payroll systems. 
B) A county would like to modernize how auto titles are transferred. 
C) A foreign goods importer would like to track their product as they move to the United States. 
D) American Express would like multiple vendors to allow customers to pay with loyalty points. 
A) A grocery store would like to modernize their payroll systems. 
B) A county would like to modernize how auto titles are transferred. 
C) A foreign goods importer would like to track their product as they move to the United States. 
D) American Express would like multiple vendors to allow customers to pay with loyalty points.

Question 8

The key difference between artificial intelligence applications and machine learning is that machine learning involves the computer learning from specific instructions versus experience.

Accepted Answer

A) True 
 B)False

Question 9

Which one of the following is not an example of machine learning assisting in an audit?

Accepted Answer

A) Reviewing journal entries. 
B) Reviewing organization charts. 
C) Reviewing cash transactions. 
D) Reviewing journal entry descriptions. 
A) Reviewing journal entries. 
B) Reviewing organization charts. 
C) Reviewing cash transactions. 
D) Reviewing journal entry descriptions.

Question 10

Satoshi Nakamoto used all of the following when creating a distributed ledger system except:

Accepted Answer

A) Confusion Matrix. 
B) Resource intensive mining. 
C) Peer-to-peer transactions. 
D) Open participation. 
A) Confusion Matrix. 
B) Resource intensive mining. 
C) Peer-to-peer transactions. 
D) Open participation.

Question 11

A benefit of blockchain is the lowered cost of processing transactions.

Accepted Answer

A) True 
 B)False

Question 12

Artificial Intelligence can include all of the following except:

Accepted Answer

A) Database programming. 
B) Visual perception. 
C) Logical thinking. 
D) Language translation. 
A) Database programming. 
B) Visual perception. 
C) Logical thinking. 
D) Language translation.

Question 13

Which of the following is not accurate regarding blockchain?

Accepted Answer

A) Data is distributed safely. 
B) The technology uses cryptography. 
C) Consensus must be reached to propagate transactions. 
D) Only the administrator keeps a copy of the entire database. 
A) Data is distributed safely. 
B) The technology uses cryptography. 
C) Consensus must be reached to propagate transactions. 
D) Only the administrator keeps a copy of the entire database.

Question 14

All of the following are challenges for auditors when auditing records residing in a blockchain network except:

Accepted Answer

A) Programming skills may be needed. 
B) Complicated protocols may be difficult to understand. 
C) Smart contracts cannot be used as evidence. 
D) Converting traditional audit approaches to blockchain technology. 
A) Programming skills may be needed. 
B) Complicated protocols may be difficult to understand. 
C) Smart contracts cannot be used as evidence. 
D) Converting traditional audit approaches to blockchain technology.

Question 15

Blockchain was built to minimize the use of:

Accepted Answer

A) US Dollars. 
B) Regulators. 
C) Intermediaries. 
D) Accountants. 
A) US Dollars. 
B) Regulators. 
C) Intermediaries. 
D) Accountants.

Question 16

The cost of a false prediction is important to data analysts.

Accepted Answer

A) True 
 B)False

Question 17

Which type of blockchain would a corporation and their key supplier set up to facilitate transactions?

Accepted Answer

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

Question 18

Which of the following is a key difference between Bitcoin and Ethereum?

Accepted Answer

A) Only Bitcoin uses blockchain technology. 
B) Only Bitcoin provides mining rewards. 
C) Ethereum employs smart contracts. 
D) Ethereum has no cryptocurrency. 
A) Only Bitcoin uses blockchain technology. 
B) Only Bitcoin provides mining rewards. 
C) Ethereum employs smart contracts. 
D) Ethereum has no cryptocurrency.

Question 19

Which statement below describes the relationship between artificial intelligence and machine learning?

Accepted Answer

A) Artificial intelligence is like a city and machine learning is like the state. 
B) Artificial intelligence is like a database and machine learning is like a table in the database. 
C) Machine learning is like a library and artificial intelligence is like a book. 
D) Machine learning is like the general ledger and artificial intelligence is like an account. 
A) Artificial intelligence is like a city and machine learning is like the state. 
B) Artificial intelligence is like a database and machine learning is like a table in the database. 
C) Machine learning is like a library and artificial intelligence is like a book. 
D) Machine learning is like the general ledger and artificial intelligence is like an account.

A use case for blockchain may exist wherever there is a significant cross-organization workflow.

Smart contracts do all of the following except:

Blockchain is a highly regulated technology.

Ethereum is a type of artificial intelligence.

How often is a block added to Ethereum?

Consortium blockchain has no access restrictions in relation to viewing or participating in the blockchain network.

Which of the following is the least likely use case for implementing blockchain?

The key difference between artificial intelligence applications and machine learning is that machine learning involves the computer learning from specific instructions versus experience.

Which one of the following is not an example of machine learning assisting in an audit?

Satoshi Nakamoto used all of the following when creating a distributed ledger system except:

A benefit of blockchain is the lowered cost of processing transactions.

Artificial Intelligence can include all of the following except:

Which of the following is not accurate regarding blockchain?

All of the following are challenges for auditors when auditing records residing in a blockchain network except:

Blockchain was built to minimize the use of:

The cost of a false prediction is important to data analysts.

Which type of blockchain would a corporation and their key supplier set up to facilitate transactions?

Which of the following is a key difference between Bitcoin and Ethereum?

Which statement below describes the relationship between artificial intelligence and machine learning?

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

A use case for blockchain may exist wherever there is a significant cross-organization workflow.

Smart contracts do all of the following except:

Blockchain is a highly regulated technology.

Ethereum is a type of artificial intelligence.

How often is a block added to Ethereum?

Consortium blockchain has no access restrictions in relation to viewing or participating in the blockchain network.

Which of the following is the least likely use case for implementing blockchain?

The key difference between artificial intelligence applications and machine learning is that machine learning involves the computer learning from specific instructions versus experience.

Which one of the following is not an example of machine learning assisting in an audit?

Satoshi Nakamoto used all of the following when creating a distributed ledger system except:

A benefit of blockchain is the lowered cost of processing transactions.

Artificial Intelligence can include all of the following except:

Which of the following is not accurate regarding blockchain?

All of the following are challenges for auditors when auditing records residing in a blockchain network except:

Blockchain was built to minimize the use of:

The cost of a false prediction is important to data analysts.

Which type of blockchain would a corporation and their key supplier set up to facilitate transactions?

Which of the following is a key difference between Bitcoin and Ethereum?

Which statement below describes the relationship between artificial intelligence and machine learning?

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