WGU C201 BUSINESS ACUMEN QUESTION AND CORRECT ANSWERS LATEST UPDATED

WGU C201 BUSINESS ACUMEN QUESTION AND CORRECT ANSWERS LATEST UPDATED What is a Virtual Network? - answers -Common type of tech infostructure which consists of links that are not wired connected. What is cloud computing? - answers -Powerful servers store applications software and databases for users to access the software and databases via the web using anything from PC to a smart phone. Explain Cybercrime, Computer hacking and Cyber Terrorism. - answers -Cybercrime is stealing or altering data in several ways. Computer hacking is a breach of a computer system by unauthorized users. Sometimes the hackers motive is just to see if they can get in. other times, hackers have more sinister motives, includ ing stealing or altering data. cyber terrorism, a new generation of terrorism, can involve deliberate threats to information systems and can be associated with terrorist activities. What is Malware and how does a computer virus work? - answers -Malware is any malicious software program designed to infect computer systems. A virus is a computer program that secretly attaches itself to another programed (called a host). The Virus then changes the host, destroys the data, or even makes the computer system inop erable. What are the ethical issues with the use of information Technology? - answers -It is not uncommon for organizations to have specific ethical standards and policies regarding the use of informational systems by employees and vendors. Ethical issues also involve organizational use of informational systems to protect the privacy and confidentiality of employee and customer data and records. Another ethical issue is the use if computer technology to monitor employees while they are working. What types of disasters are information systems vulnerable? - answers -Natural disasters, power failures, equipment malfunction, software glitches, human error, and terrorist attacks. List the 5 considerations for off -site data storage. - answers -Planning, Backup sch edule, data transmitted offsite must have the highest security, care in selecting the right security vendor, backup system should be continually tested and evaluated. What is artificial Intelligence and Machine Learning? - answers -AI involves machines tha t perform tasks characteristic of human intelligence. Machine Learning is achieving AI by training an algorithm so that it can learn how. Training involves feeding it large amounts of data to the algorithm and allowing it to adjust and improve. WGU C201 BUSINESS ACUMEN QUESTION AND CORRECT ANSWERS LATEST UPDATED Explain th e Internet of Things (IoT) and Blockchain. - answers -The IoT or the Internet of Everything refers to a move beyond standalone devices and toward an entire internet -connected ecosystems of everyday item such as TVs, cars, household appliances, and wearable tech devices. Blockchains will see their value grow beyond the use in cryptocurrency and digital currency. As data is stored across a decentralized network of millions of computers the influence of blockchain will expand and transform the Internet of Thing s- and hopefully reduce the risk of data hacking. What is Augmented and Virtual Reality? - answers -Augmented Reality (AR) Virtual Reality (VR) and mixed reality, which combines the two, will be used by 20% of all businesses to create immersive experiences with the help of head mounted displays. Virtual and Augmented reality tech are removing the distance to people, info, and experiences. Define Microeconomics and Macroeconomics. - answers -Micro is the study of the economic behavior among individual consum ers, families, and businesses. Macro is the study of a nation's overall economic issues and how an economic issue and how an economic system maintains and allocates its resources. Explain demand and supply curves. - answers -A demand curve is a graph of th e amount of a product that buyers will purchase at different prices. A supply curve shows the relationship between different prices and the quantities that sellers will offer for sale, regardless of demand. How do factors of production influence the overa ll supply of goods and services? - answers -A change in the cost or availability of any of the inputs considered to be factors of production can shift the entire supply curve, either increasing or decreasing the amount available at every price. What is the difference between pure competition and monopolistic competition? - answers -Pure competition is a market structure in which large numbers of buyers and sellers exchange homogeneous products, and no single participant gas a significant impact on price. Mon opolistic competition is a market structure in which large numbers of buyers and sellers exchange differentiated (heterogenous) products, so each participant has some control over the price. On which economic system in the U.S. Economy is based? - answers -The US Economy is based on the private enterprise system.