Accounting
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English
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University
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Practice Problem
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Which technology is expected to significantly transform accounting processes in 2024?
Blockchain
Fax machines
Typewriters
2.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What key area of accounting will be improved by AI and automation in 2024?
Human resources
Data entry and bookkeeping
Sales
3.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Why is cloud-based accounting becoming more popular?
It is cheaper but offers fewer features
It enhances accessibility and scalability
It requires less training
4.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Which of the following is an emerging trend in accounting for better decision-making?
Paper-based accounting
Predictive analytics
Manual data processing
5.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
How does blockchain benefit the accounting industry?
It makes transactions faster but less secure
It eliminates the need for financial statements
It enhances transparency and security in transactions
6.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is a major concern in accounting related to technology in 2024?
Cybersecurity threats and data protection
Lack of cloud service providers
Inability to integrate AI with existing systems
7.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Which trend is helping accountants offer more personalized services?
AI-driven customer insights
Hiring more staff
Outsourcing to multiple vendors
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