Week 4 Revision Quiz

What is capital?

• The wealth in the form of money or other assets owned by a person or organisation

• A city that serves as the seat of government

• Resources used to produce goods and services, such as physical, human, and intellectual property

• A type of financial instrument

How does capital investment improve productivity, specifically through the example of driverless trucks in the Pilbara, and its impact on the mining industry?

• By reducing labour costs and increasing efficiency

• By increasing the need for skilled labour

• By decreasing overall safety in operations

• By having no significant impact on productivity

How is technology different to capital investment?

• Technology refers to tools and machines, while capital investment involves physical assets.

• Technology and capital investment are the same.

• Capital investment is only about investing in stocks, not technology.

• Technology cannot be a part of capital investment.

Using an industry of your choice, answer the following question: How have robotics increased productivity?

• By reducing the time needed for production

• By increasing human labour

• By decreasing safety in the workplace

• By increasing production costs

Using an industry of your choice, what are some of the costs (financial and otherwise) associated with using robots?

• Increased productivity and efficiency

• High initial investment and maintenance costs

• Reduced employment opportunities for unskilled workers

• All of the above

What is big data?

• A technology that processes large datasets

• A new programming language

• A type of database

• The study of big animals

How does cloud computing benefit businesses in managing their IT resources?

• By increasing the need for physical IT infrastructure.

• By providing scalable and flexible access to computing resources.

• By making IT management more complex.

• By significantly increasing IT costs.

What use could business make of the data collected at the supermarket checkout?

Draw the Domino's logo