General blockchain Study guides, Class notes & Summaries

MIST part A final questions and answers| latest updated What is a database? DBMS? - A database is an organized collection of data. - The software application that lets you create and work with a database is called a database management system (DBMS) Database vs. spreadsheet as a tool for data storage - Security: Administrator can grant each user a different level of access, - Elimination of redundant data via relational model - Data Access: Multiple types of users can query a single...

Cloud Bursting When a company uses its own computing infrastructure for normal usage and accesses the cloud when it needs to scale for high/peak load requirements, ensuring a sudden spike in usage does not result in poor performance or system crashes. No; under current laws, liability and risk for safeguarding PII and meeting regulations reside with the organization, even if they have contracted with a cloud provider. Can an organization transfer risk and liability for safeguarding PII ...

troduction A patient health record (PHR) is the basic and important information related to a patient’s history and related details. The digital healthcare system is considered as the platform for transferring and receiving patient health records. However, the existing digital healthcare systems rely on centralized servers, which are more prone to security breaches. Hence, the simplest solution is to integrate the digital healthcare system to blockchain technology due to its wide variety ...

holistic approach to managing risk - Answer -broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss retention -can help orgs better absorb losses ...

A priori probability - Answer- A probability based on logical analysis rather than on observation or personal judgment. abnormal return - Answer- The amount by which a security's actual return differs from its expected return, given the security's risk and the market's return. absolute advantage - Answer- A country's ability to produce a good or service at a lower absolute cost than its trading partner. Absolute dispersion - Answer- The amount of variability present without comparis...

System a set of two or more interrelated components that interact to achieve a goal Data Processing Cycle 1. data input, 2. data processing ( data storage) , 3. information output. performed on data to generate meaningful and relevant information Goal of data processing process company transactions efficiently and effectively Data Input Steps 1. capture transactional data and enter then into the system - triggered by business activity 2. Ensure data is accurate and c...

Risk involves The possibility of a negative outcome. Possibility means - Answer- That an outcome may or may not occur. Probabilities are stated as decimal figure, a percentage, or a - Answer- Fraction To understand risk, one needs to know the probability of an outcome or event occurring. Which one of the following statements is correct with respect to probability? - Answer- It can be used to decide which activities to undertake. The statement, "There is a five percent chance that John ...

When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organization's objectives C. Define the organization's risk appetite D. Enhance stakeholders' confidence in the process D Which of the following risk management program goals is an essential goal for all public entities? A. Earning stability B. ...

In the context of risk, the chance of being injured while driving to and from work, loading a truck at work, moving furniture at home, or falling in an icy parking lot at the mall are all examples of A. Possibilities. B. Uncertainties. C. Probabilities. D. Losses. - Correct Answer-A. Possibilities. The statement, "There is a five percent chance that John will be injured in an automobile accident while driving to work tomorrow," is an example of A. Quantifying risk. B. Veri...

Artificial Intelligence is an attractive research field for corporate criminal liability scholars for at least two reasons. The first reason is that new technologies, such as Artificial Intelligence and Blockchain, are likely to radically change criminal compliance and the design of internal control systems in corporations. In the general context of what we might call the ‘RegTech World’, by using these sophisticated IT systems corporations may detect red flags that they would not o...