Question 1

Choose from the list below business opportunities for drones in Autonomous Things (AuT).

Accepted Answer

A)  Monitor crops for weed contamination 
B)  Security checks in a parking lot 
C)  Delivering medications in hospitals 
D)  Warehouse fulfillment 
A)  Monitor crops for weed contamination 
B)  Security checks in a parking lot 
C)  Delivering medications in hospitals 
D)  Warehouse fulfillment A

Question 2

Choose from the list below business opportunities for badge achievements in Gamification.

Accepted Answer

A)  Earning point for completion 
B)  Responding to high stress scenarios 
C)  Executing daily tasks 
D)  Engaging in health and wellness activities 
A)  Earning point for completion 
B)  Responding to high stress scenarios 
C)  Executing daily tasks 
D)  Engaging in health and wellness activities D

Question 3

Reviewing the illustration below. Which word fits best for B?

Accepted Answer

A)  If 
B)  This 
C)  Then 
D)  That 
A)  If 
B)  This 
C)  Then 
D)  That C

Question 4

To be feasible, a proposed RPA use case must fit into the rigid structure of the rules-based programming RPA uses. Discuss the characteristics of processes that are ideal RPA projects.

Accepted Answer

Ideal projects are processes t

Question 5

Reviewing the illustration below. Which word fits best for A?

Accepted Answer

A)  If 
B)  This 
C)  Then 
D)  That 
A)  If 
B)  This 
C)  Then 
D)  That

Question 6

In the near future, blockchain is changing the way accounting professionals work. Discuss potential changes for tax accountants.

Accepted Answer

Tax accountants can use blockchain to si

Question 7

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

Accepted Answer

A)  Sales 
B)  Enterprise Risk Management 
C)  Accounts Payable 
D)  Accounts Receivable 
A)  Sales 
B)  Enterprise Risk Management 
C)  Accounts Payable 
D)  Accounts Receivable

Question 8

"A ________ blockchain allows a group of companies to collaborate and leverage information that improves workflows, accountability, and transparency."

Accepted Answer

A)  private 
B)  public 
C)  consortium 
D)  corporate 
A)  private 
B)  public 
C)  consortium 
D)  corporate

Question 9

Read the following current state and discuss why this scenario is highly compatible with RPA:
When a vendor sends an invoice, the Accounts Payable Clerk opens the email, reviews the attachment, and saves it to that vendor's folder on the shared network drive. The Accounts Payable Clerk then opens the accounts payable information system and inputs the details of the invoice-vendor, amount, due date - into the system.

Accepted Answer

This is highly compatible with

Question 10

Choose from the following answers the best description of Laggards in the Rogers' Adoption Curve.

Accepted Answer

A)  Join immediately 
B)  Join as soon as they see any benefit 
C)  Join when there is widespread business benefit 
D)  Join only when they must 
A)  Join immediately 
B)  Join as soon as they see any benefit 
C)  Join when there is widespread business benefit 
D)  Join only when they must

Question 11

Choose from the following list the best definition of a decentralized ledger.

Accepted Answer

A)  In a decentralized ledger system, everyone has access to a central ledger. 
B)  In a decentralized ledger system, everyone received an electronic copy of the ledger. 
C)  In a decentralized ledger system, there are groups of users with access to hubs with copies of the same ledger. 
D)  In a decentralized ledger system, there is no ledger. 
A)  In a decentralized ledger system, everyone has access to a central ledger. 
B)  In a decentralized ledger system, everyone received an electronic copy of the ledger. 
C)  In a decentralized ledger system, there are groups of users with access to hubs with copies of the same ledger. 
D)  In a decentralized ledger system, there is no ledger.

Question 12

Choose from the list below the best definition of smart contracts.

Accepted Answer

A)  Smart contracts are the computers of participants in the network. 
B)  Smart contracts are who create the ledgers of transactions in chained blocks. 
C)  Smart contracts are computer programs that act as intermediaries that contract, execute, and settle contracts. 
D)  Smart contracts are the algorithms used to encode a message. 
A)  Smart contracts are the computers of participants in the network. 
B)  Smart contracts are who create the ledgers of transactions in chained blocks. 
C)  Smart contracts are computer programs that act as intermediaries that contract, execute, and settle contracts. 
D)  Smart contracts are the algorithms used to encode a message.

Question 13

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Y?

Accepted Answer

A)  Generally Accepted 
B)  Widely Used 
C)  Disruptive 
D)  Emerging 
A)  Generally Accepted 
B)  Widely Used 
C)  Disruptive 
D)  Emerging

Question 14

Choose from the list below a feature of robotic process automation.

Accepted Answer

A)  Simulates human decision-making 
B)  Ideal for eliminating human efforts in complex analysis 
C)  Initially programmed tasks never change. 
D)  Self-selects appropriate responses 
A)  Simulates human decision-making 
B)  Ideal for eliminating human efforts in complex analysis 
C)  Initially programmed tasks never change. 
D)  Self-selects appropriate responses

Question 15

Reviewing the illustration below. Which word fits best for A?

Accepted Answer

A)  Plain text 
B)  Cipher text 
C)  Encrypted text 
D)  Simple text 
A)  Plain text 
B)  Cipher text 
C)  Encrypted text 
D)  Simple text

Question 16

Extended reality is not a new concept. However, recently this technology has found its way into consumer's devices in an affordable and accessible manner. Choose the correct order from the lists below.

Accepted Answer

A)  Virtual Reality, Augmented Reality, Mixed Reality 
B)  Augmented Reality, Mixed Reality, Virtual Reality 
C)  Mixed Reality, Augmented Reality, Virtual Reality 
D)  Augmented Reality, Virtual Reality, Mixed Reality 
A)  Virtual Reality, Augmented Reality, Mixed Reality 
B)  Augmented Reality, Mixed Reality, Virtual Reality 
C)  Mixed Reality, Augmented Reality, Virtual Reality 
D)  Augmented Reality, Virtual Reality, Mixed Reality

Question 17

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

Accepted Answer

A)  Emerging Technology Center of Excellence 
B)  Financial Reporting 
C)  Accounts Payable 
D)  Accounts Receivable 
A)  Emerging Technology Center of Excellence 
B)  Financial Reporting 
C)  Accounts Payable 
D)  Accounts Receivable

Question 18

Choose from the list below a feature of robotic process automation.

Accepted Answer

A)  Ideal for repetitive tasks 
B)  Simulates human decision-making 
C)  Ideal for eliminating human efforts in complex analysis 
D)  Self-selects appropriate responses 
A)  Ideal for repetitive tasks 
B)  Simulates human decision-making 
C)  Ideal for eliminating human efforts in complex analysis 
D)  Self-selects appropriate responses

Question 19

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Z?

Accepted Answer

A)  Generally Accepted 
B)  Widely Used 
C)  Disruptive 
D)  Emerging 
A)  Generally Accepted 
B)  Widely Used 
C)  Disruptive 
D)  Emerging

Question 20

The accounting profession is evolving in response to the use of blockchain technology in business. Choose from the list below how audit professionals are impacted by the use of blockchain.

Accepted Answer

A)  Record transactions related to buying and selling cryptocurrencies 
B)  Simplify and automate tax compliance and transparency 
C)  Drill down to the code level to ensure a blockchain system is functioning correctly technologically 
D)  Secured payments are sent to suppliers as soon as materials are received. 
A)  Record transactions related to buying and selling cryptocurrencies 
B)  Simplify and automate tax compliance and transparency 
C)  Drill down to the code level to ensure a blockchain system is functioning correctly technologically 
D)  Secured payments are sent to suppliers as soon as materials are received.

Choose from the list below business opportunities for drones in Autonomous Things (AuT).

Choose from the list below business opportunities for badge achievements in Gamification.

Reviewing the illustration below. Which word fits best for B?

To be feasible, a proposed RPA use case must fit into the rigid structure of the rules-based programming RPA uses. Discuss the characteristics of processes that are ideal RPA projects.

Reviewing the illustration below. Which word fits best for A?

In the near future, blockchain is changing the way accounting professionals work. Discuss potential changes for tax accountants.

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

"A ________ blockchain allows a group of companies to collaborate and leverage information that improves workflows, accountability, and transparency."

Choose from the following answers the best description of Laggards in the Rogers' Adoption Curve.

Choose from the following list the best definition of a decentralized ledger.

Choose from the list below the best definition of smart contracts.

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Y?

Choose from the list below a feature of robotic process automation.

Reviewing the illustration below. Which word fits best for A?

Extended reality is not a new concept. However, recently this technology has found its way into consumer's devices in an affordable and accessible manner. Choose the correct order from the lists below.

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

Choose from the list below a feature of robotic process automation.

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Z?

The accounting profession is evolving in response to the use of blockchain technology in business. Choose from the list below how audit professionals are impacted by the use of blockchain.

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Documenting Systems and Processes

Human Resources and Payroll Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters

Exam 7: Emerging and Disruptive Technologies

Choose from the list below business opportunities for drones in Autonomous Things (AuT).

Choose from the list below business opportunities for badge achievements in Gamification.

Reviewing the illustration below. Which word fits best for B?

To be feasible, a proposed RPA use case must fit into the rigid structure of the rules-based programming RPA uses. Discuss the characteristics of processes that are ideal RPA projects.

Reviewing the illustration below. Which word fits best for A?

In the near future, blockchain is changing the way accounting professionals work. Discuss potential changes for tax accountants.

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

"A ________ blockchain allows a group of companies to collaborate and leverage information that improves workflows, accountability, and transparency."

Choose from the following answers the best description of Laggards in the Rogers' Adoption Curve.

Choose from the following list the best definition of a decentralized ledger.

Choose from the list below the best definition of smart contracts.

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Y?

Choose from the list below a feature of robotic process automation.

Reviewing the illustration below. Which word fits best for A?

Extended reality is not a new concept. However, recently this technology has found its way into consumer's devices in an affordable and accessible manner. Choose the correct order from the lists below.

Choose, from the following list, a team that is well equipped to help a business manage the risks of emerging and disruptive technologies.

Choose from the list below a feature of robotic process automation.

Over time, companies adopt new technologies. Reviewing the illustration below, what stage of technology adoption is point Z?

The accounting profession is evolving in response to the use of blockchain technology in business. Choose from the list below how audit professionals are impacted by the use of blockchain.

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Documenting Systems and Processes

Human Resources and Payroll Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters