Exam (elaborations)
AIN1501 - ASSESSMENT 3 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024
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2024 – S1 – AIN1501 – ASSESSMENT 3 – Q&AAssessment 3
Started on Monday, 15 April 2024,
State Finished
Completed on Monday, 15 April 2024,
Time taken
Grade 60.00 out of 60.00 (100%)
Question 1
As a feature of a block chain, the control aspect of blockchain technology which
addresses the main concern of cyber security is that it is intentionally difficult to alter
past transactions in the blockchain because all the subsequent blocks must be
altered first is.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 2
In a blockchain system, transactions are recorded by one participant using a network
which does not operate via the internet.
Select one:
True
False
Feedback
The correct answer is 'False'.
Question 3
Examples of how a blockchain can enhance the accounting profession include
providing absolute certainty over the ownership and history of assets, the existence
1
,2024 – S1 – AIN1501 – ASSESSMENT 3 – Q&A
of obligations and the measurement of amounts owed to a business and owed by a
business.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 4
Just as the internet transformed how humans interact with one another, CPS
transforms how we interact with the technological world around us.
Select one:
True
False
Feedback
The correct answer is 'False'.
Question 5
Management accountants are required to have a much higher level of knowledge of
multi-disciplinary and fulfilment of a wide range of tasks.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 6
ERP integrates the data gathering and management information of departments and
functions into one single system of integrated applications.
Select one:
2
,2024 – S1 – AIN1501 – ASSESSMENT 3 – Q&A
True
False
Feedback
The correct answer is 'False'.
Question 7
Artificial Intelligence, without any doubt, will contribute to substantial improvements
across all areas of accounting and equipping those in finance with ...
a.
powerful new capabilities.
b.
improvements leading to the automation of many tasks.
c.
improvements leading to the automation of many decisions.
d.
All of the above
Feedback
Your answer is correct.
The correct answer is:
All of the above
Question 8
As a feature of a block chain, all the computers work together to ensure that each
transaction is valid before it is added to the blockchain.
Select one:
True
False
Feedback
The correct answer is 'True'.
3
, 2024 – S1 – AIN1501 – ASSESSMENT 3 – Q&A
Question 9
Blockchain cannot be deployed in many areas other than ...
a.
cryptocurrency
b.
bitcoin
c.
traditional coins
d.
None of the above
Feedback
Your answer is incorrect.
The correct answer is:
None of the above
Question 10
In 2016 the 4IR officially sounded an alarm that labour costs were about to be
disrupted and the way we live, and work would be permanently altered by the
introduction of CPS.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 11
Examples of how a blockchain can enhance the accounting profession include
reducing the costs of maintaining and reconciling ledgers.
Select one:
True
4
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