Deck 7: Emerging and Disruptive Technologies

Question 1

According to the Rogers' Adoption Curve, ________% of businesses are Innovators.

A) 2.5
B) 13.5
C) 34
D) 16

Answer 1

2.5

Question 2

According to the Rogers' Adoption Curve, ________% of businesses are Early Adopters.

A) 2.5
B) 13.5
C) 34
D) 16

Answer 2

13.5

Question 3

According to the Rogers' Adoption Curve, ________% of businesses are Early Majority.

A) 2.5
B) 13.5
C) 34
D) 16

Answer 3

34

Question 4

According to the Rogers' Adoption Curve, ________% of businesses are Laggards.

A) 2.5
B) 13.5
C) 34
D) 16

Question 5

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

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 6

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

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 7

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

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 8

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

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 9

As companies adopt technologies, the technologies move through phases. Choose from the answers below, to identify the correct order of the phases.

A) Emerging, disruptive, widely used, adopted
B) Adopted, widely used, disruptive, emerging
C) Disruptive, emerging, widely used adopted
D) Emerging, disruptive, adopted, widely used

Question 10

While emerging and disruptive technologies can increase efficiencies and make tasks easier, they also bring unpredictable risk to the business. The earlier the stage of adoption, the higher the risk, because unknown variables and a lack of history mean that companies cannot rely on past experiences to perform risk assessments. Choose from the list below, all the risks related to emerging and disruptive technologies.

A) Business interruptions
B) Security vulnerabilities
C) Regulatory risk
D) Financial gain
E) Business continuity
F) Business growth

Question 11

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

A) Sales
B) Financial Reporting
C) Accounts Payable
D) Internal Audit

Question 12

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

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

Question 13

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

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

Question 14

If the internal audit team is involved with a review before the new technology is adopted, we call it a

A) before-implementation review.
B) mid-implementation review.
C) pre-implementation review.
D) post-implementation review.

Question 15

If the internal audit team is involved with a review after the new technology is adopted, we call it a

A) before-implementation review.
B) mid-implementation review.
C) pre-implementation review.
D) post-implementation review.

Question 16

Choose the best definition of a Center of Excellence (COE) from the answers below.

A) A specialized team in a company dedicated to providing unique support, usually technological, to the entire business
B) A specialized team in a company dedicated to providing general support, usually technological, to a particular department
C) A general team in a company dedicated to providing unique support, usually technological, to a particular department
D) A general team in a company dedicated to providing general support, usually technological, to the entire business.

Question 17

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

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

Question 18

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

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

Question 19

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

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

Question 20

What does the acronym IoT stand for?

A) Internet of Things
B) Internet of Technology
C) Interest of Technology
D) Interest of Things

Question 21

Choose from the list below the best definition of Internet of Things (IoT).

A) Internet of Things is the collection of electronic devices to the internet through sensors, software, and other technologies.
B) Internet of Things takes three forms, which progress from completely real to completely virtual
C) Internet of Things is the merger of video game principles and real-world simulations where the user can achieve badges and earn points while they learn new skills.
D) Internet of Things are physical devices controlled by computers using complex algorithms.

Question 22

Choose from the list below the best definition of Extended Reality (XR).

A) Extended Reality is the connection of electronic devices to the internet through sensors, software, and other technologies.
B) Extended Reality takes three forms, which progress from completely real to completely virtual.
C) Extended Reality is the merger of video game principles and real-world simulations where the user can achieve badges and earn points while they learn new skills.
D) Extended Reality are physical devices controlled by computers using complex algorithms.

Question 23

Choose from the list below the best definition of Gamification.

A) Gamification is the connection of electronic devices to the internet through sensors, software, and other technologies.
B) Gamification takes three forms, which progress from completely real to completely virtual.
C) Gamification is the merger of video game principles and real-world simulations where the user can achieve badges and earn points while they learn new skills.
D) Gamification are physical devices controlled by computers using complex algorithms.

Question 24

Choose from the list below the best definition of Autonomous Things (AuT).

A) Autonomous Things are the connection of electronic devices to the internet through sensors, software, and other technologies.
B) Autonomous Things takes three forms, which progress from completely real to completely virtual.
C) Autonomous Things are the merger of video game principles and real-world simulations where the user can achieve badges and earn points while they learn new skills.
D) Autonomous Things are physical devices controlled by computers using complex algorithms.

Question 25

Choose from the list below business opportunities for consumers facing Internet of Things (IoT) products.

A) Determine safe driver discounts
B) Predict machinery downtime
C) Optimize delivery routes
D) Manufacturing safety glasses including sensors or extended realities

Question 26

Choose from the list below business opportunities for business operations Internet of Things (IoT) products.

A) Determine safe driver discounts
B) Predict machinery downtime
C) Reward safe driving behaviors
D) Monitor heart rate, calorie burns, sleep quality and more

Question 27

When using IoT products, companies must manage risks related to the 5Vs of big data. Choose the best definition of Volume from the list below.

A) Huge amounts of data
B) Different formats of data from various sources
C) Extract useful data
D) High speed of accumulation of data

Question 28

When using IoT products, companies must manage risks related to the 5Vs of big data. Choose the best definition of Variety from the list below.

A) Huge amounts of data
B) Different formats of data from various sources
C) Extract useful data
D) High speed of accumulation of data

Question 29

When using IoT products, companies must manage risks related to the 5Vs of big data. Choose the best definition of Value from the list below.

A) Huge amounts of data
B) Different formats of data from various sources
C) Extract useful data
D) High speed of accumulation of data

Question 30

When using IoT products, companies must manage risks related to the 5Vs of big data. Choose the best definition of Velocity from the list below.

A) Huge amounts of data
B) Different formats of data from various sources
C) Extract useful data
D) High speed of accumulation of data

Question 31

When using IoT products, companies must manage risks related to the 5Vs of big data. Choose the best definition of Veracity from the list below.

A) Inconsistencies and uncertainty in data
B) Different formats of data from various sources
C) Extract useful data
D) High speed of accumulation of data

Question 32

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.

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 33

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 best definition of Augmented Reality (AR) from the list below.

A) Overlays reality with digital images
B) Hybrid combination of real and virtual objects coexisting in real time
C) Full immersion into a virtual world with virtual objects
D) Creating scenarios for employees to engage in

Question 34

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 best definition of Mixed Reality (MR) from the list below.

A) Overlays reality with digital images
B) Hybrid combination of real and virtual objects coexisting in real time
C) Full immersion into a virtual world with virtual objects
D) Creating scenarios for employees to engage in

Question 35

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 best definition of Virtual Reality (VR) from the list below.

A) Overlays reality with digital images
B) Hybrid combination of real and virtual objects coexisting in real time
C) Full immersion into a virtual world with virtual objects
D) Creating scenarios for employees to engage in

Question 36

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

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

Question 37

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

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

Question 38

Choose from the list below the best definition of business process automation.

A) Business process automation is the act of managing information, data, costs, resources, and investments by increasing productivity through automating key business processes with computing technology.
B) Business process automation is software which automates and manages digital workflows through a drag and drop interface that does not require coding knowledge to establish or maintain.
C) Business process automation is comprised of complex algorithms programmed to mimic human cognitive functions to learn and solve a problem independently.
D) Business process automation is the process of using an algorithm to encode a plaintext message and to convert the plaintext to something that is seemingly meaningless.

Question 39

Choose from the list below the best description of the use of software to aid robotic process automation.

A) Robotic process automation is the act of managing information, data, costs, resources, and investments by increasing productivity through automating key business processes with computing technology.
B) Robotic process automation software helps automates and manages digital workflows through a drag and drop interface that does not require coding knowledge to establish or maintain.
C) Robotic process automation is comprised of complex algorithms programmed to mimic human cognitive functions to learn and solve a problem independently.
D) Robotic process automation is the process of using an algorithm to encode a plaintext message and to convert the plaintext to something that is seemingly meaningless.

Question 40

Choose from the list below the best definition of artificial intelligence.

A) Artificial intelligence is the act of managing information, data, costs, resources, and investments by increasing productivity through automating key business processes with computing technology.
B) Artificial intelligence is software which automates and manages digital workflows through a drag and drop interface that does not require coding knowledge to establish or maintain.
C) Artificial intelligence is comprised of complex algorithms programmed to mimic human cognitive functions to learn and solve a problem independently.
D) Artificial intelligence is the process of using an algorithm to encode a plaintext message and to convert the plaintext to something that is seemingly meaningless.

Question 41

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

A) Simulates human decision-making
B) Ideal for eliminating human efforts in complex analysis
C) Self-selects appropriate responses
D) Follows pre-programmed "rules"

Question 42

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

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 43

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

A) Simulates human decision-making
B) Smart enough to follow "orders"
C) Ideal for eliminating human efforts in complex analysis
D) Self-selects appropriate responses

Question 44

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

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 45

Choose from the list below a feature of artificial intelligence.

A) Follows pre-programmed "rules"
B) Ideal for repetitive tasks
C) Simulates human decision-making
D) Initially programmed tasks never change.

Question 46

Choose from the list below a feature of artificial intelligence.

A) Follows pre-programmed "rules"
B) Ideal for repetitive tasks
C) Initially programmed tasks never change.
D) Self-selects appropriate responses in real time

Question 47

Choose from the list below a feature of artificial intelligence.

A) Ideal for eliminating human efforts in complex analysis
B) Follows pre-programmed "rules"
C) Ideal for repetitive tasks
D) Initially programmed tasks never change.

Question 48

Choose from the list below a feature of artificial intelligence.

A) Follows pre-programmed "rules"
B) Initially programmed tasks evolve through self-learning.
C) Ideal for repetitive tasks
D) Initially programmed tasks never change.

Question 49

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

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

Question 50

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

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

Question 51

"RPA uses ________, in the form of "IF THIS THEN THAT", to pre-program "rules", or decisions, into the software."

A) unconditional accounts
B) unconditional statements
C) conditional accounts
D) conditional statements

Question 52

"In RPA, conditional statements involve a ________, which is a scenario, and a subsequent action, or decision."

A) trigger
B) cause
C) situation
D) prompt

Question 53

"In RPA, conditional statements involve a trigger, which is a ________, and a subsequent action, or decision."

A) cause
B) scenario
C) situation
D) prompt

Question 54

"In RPA, conditional statements involve a trigger, which is a scenario, and a subsequent ________, or decision."

A) cause
B) situation
C) action
D) prompt

Question 55

"A(n) ________ system enables the recording of digital transactions packaged in blocks that form a sequence, like a chain, in a peer-to-peer network."

A) blockchain
B) RPA
C) artificial intelligence
D) relational database

Question 56

"A blockchain system enables the recording of ________ packaged in blocks that form a sequence, like a chain, in a peer-to-peer network."

A) analog transactions
B) digital transactions
C) digital intelligence
D) analog intelligence

Question 57

"A(n) blockchain system enables the recording of digital transactions packaged in ________ that form a sequence, like a chain, in a peer-to-peer network."

A) circles
B) squares
C) blocks
D) wedges

Question 58

"A blockchain system enables the recording of digital transactions packaged in blocks that form a sequence, like a chain, in a ________ network."

A) wide area
B) local area
C) client-server
D) peer-to-peer

Question 59

Choose from the list below the best definition of blockchain nodes.

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

Question 60

Choose from the list below the best definition of blockchain miners.

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

Question 61

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

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 62

Choose from the list below the best definition of cryptology.

A) Cryptology are the algorithms used to encode a message.
B) Cryptology are the algorithms used to convert an encrypted message back to its original form.
C) Cryptology are computer programs that act as intermediaries that contract, execute, and settle contracts.
D) Cryptology is the science of using a secret code for secure data communication.

Question 63

Choose from the list below the best definition of encryption.

A) Encryptions are the algorithms used to encode a message.
B) Encryptions are the algorithms used to convert an encrypted message back to its original form.
C) Encryptions are the computer programs that act as intermediaries that contract, execute, and settle contracts.
D) Encryption is the science of using a secret code for secure data communication.

Question 64

Choose from the list below the best definition of decryption.

A) Decryptions are the algorithms used to encode a message.
B) Decryptions are the algorithms used to convert an encrypted message back to its original form.
C) Decryptions are the computer programs that act as intermediaries that contract, execute, and settle contracts.
D) Decryption is the science of using a secret code for secure data communication.

Question 65

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

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

Question 66

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

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

Question 67

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

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

Question 68

Which of the following is NOT one of the blockchain ledgers?

A) Centralized
B) Decentralized
C) Distributed
D) Dispersed

Question 69

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

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

Question 70

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

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

Question 71

Choose from the following list the best definition of a decentralized 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 72

Which is NOT one of the three interrelated fundamental principles of blockchain technology that build on one another?

A) Decentralization
B) Transparency
C) Immutability
D) Opaqueness

Question 73

"In a ________ blockchain the intermediary comes back. A single entity governs the network."

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

Question 74

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

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

Question 75

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.

A) Track and validate cryptocurrency transactions
B) Record transactions related to buying and selling cryptocurrencies
C) Simplify and automate tax compliance and transparency
D) Secured payments are sent to suppliers as soon as materials are received.

Question 76

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.

A) Record transactions related to buying and selling cryptocurrencies
B) Verify ownership of transactions
C) Simplify and automate tax compliance and transparency
D) Secured payments are sent to suppliers as soon as materials are received.

Question 77

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.

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.

Question 78

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.

A) Record transactions related to buying and selling cryptocurrencies
B) Simplify and automate tax compliance and transparency
C) Secured payments are sent to suppliers as soon as materials are received.
D) Acquire sufficient evidence about the nature of blockchain transactions

Question 79

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

A) Record transactions related to buying and selling cryptocurrencies
B) Simplify and automate tax compliance and transparency
C) Secured payments are sent to suppliers as soon as materials are received.
D) Acquire sufficient evidence about the nature of blockchain transactions

Question 80

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

A) Record transactions related to buying and selling cryptocurrencies
B) Simplify and automate tax compliance and transparency
C) Secured payments are sent to suppliers as soon as materials are received.
D) Acquire sufficient evidence about the nature of blockchain transactions