MBA 6207 Case Study Quiz 05: The Truth about Blockchain (GRADED A)

MBA6207 Case Quiz (graded) BlockchainReview Test Submission: Case Study Quiz 05: The Truthabout BlockchainQuestion 1•2 out of 2 points What best defines blockchain?SelectedAnswer:An open, distribut ed ledger that can record transactions between two parties efficiently andverifiable and permanent way.Answers:A type of "middleman agreement" between software providers and customers to ensurethat software applications and platforms are maintained regardless of any changes thatmay happen to the vendorAn open, distributed ledger that can record transactions between two parties efficiently andverifiable and permanent way.A virtualization technique that involves partitioning a physical server into a number ofsmall, virtual servers with the help of virtualization software.The ability to simulate human intelligence in an open and verifiable way that codifies theinability of artificial intelligence to replace humans. Question 2•2 out of 2 points Blockchain is a "foundational" technology.Selected Answer:TrueAnswers:TrueFalse Question 3•2 out of 2 pointsTCP/IP first gain traction in a __________ case that was the basis for e-mail among the researchers onARPAnet.Selected Answer:single-useAnswers:circuit switchingtime sensitivesingle-usemulti-use Question 4•2 out of 2 points The transformative applications that fundamentally changed the way businesses created and capturedvalue were built on a __________.SelectedAnswer:peer-to-peer architecture and generated value by coordinating distributed networks ofusersAnswers:standards-based system for cloud computing and used by a variety of organizations andusers who may or may not have common interestsUnix system based on client/server architecture, where the two areas are interoperableand relevant to specific business needspeer-to-peer architecture and generated value by coordinating distributed networks ofusersBoth A and B Question 5•2 out of 2 pointsBitcoin is not the first application of blockchain technology, but it is the most popular.Selected Answer:FalseAnswers:TrueFalse Question 6•2 out of 2 points In a Blockchain system, __________.SelectedAnswer:if a stock transaction took place, it would be settled within seconds, securely and verifiablyAnswers:a third-party intermediary is needed to verify or transfer ownershipthere are repeated measures analysis of variance to verify the accuracy of stocktransactionsa stock transaction will be run through a virtual payment terminal that's designed toprovide point-of-sale solutions through various types of end-devicesif a stock transaction took place, it would be settled within seconds, securely and verifiably Question 7•2 out of 2 pointsWhat are the two dimensions that affect how a foundational technology and its business use cases evolve?Selected Answer:Novelty and complexityAnswers:Novelty and complexitySubstitution and transformation Network effects and degree of noveltyGood communicational and management skills