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WorksheetsAIS160 Chapter 6: Cloud Computing in Accounting & FinTech
Total questions: 20
Worksheet time: 10mins
What is cloud computing?
A delivery of computing services
A linked connection of computers
A linked connection of computers
A process of scheduling computer programs
What are the types of cloud services?
Public, private and hybrid clouds
Personal area (PAN), Local area (LAN), Campus area networks (CAN)
Mail server, collaboration server, web server, application server
Infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS).
What are the uses of cloud computing?
Input, present and compare collected data
Collecting appropriate quantitative data, helps in drawing valid inferences
Estimate income data, indicate success or failure of planning
Create new apps and services, analyze data, embed intelligence, test and build applications
Cloud technology has improved educational scenery except....
creation of virtual classroom
increase learning time
lower cost
Better access to education and training
All of these are types of cloud services except
Hybrid cloud
Public cloud
Private cloud
Segregated cloud
What are security aspects provided by cloud services?
Zero infrastructure investment, just-in-time infrastructure
Quick and easy setup, smooth organization system, single management environment
Calculable cloud architecture, provide manageable workload dynamics
Access control, identity management, authentication and authorization
These are the benefits of cloud computing in education system except
shareable and traceable data
Inflexibility in customizing products
Easy access from anywhere
stable technology for everyday use
Real time data processing in a cloud function does not help in..........
Video and image analysis
Stream processing
File processing
Event driven extract, transform and load function
What is the drawback of cloud computing in education system?
The absence of hardware
The need for high speed internet access
The management of data and products
The wide connection of networks
What are the risks of cloud computing?
No troubleshooting issues
No government intrusion
Storing data without control
Full control over the data
Which of the following is correct about the definition of fintech?
Technology-enabled innovation only in financial institution associated with technology companies just to launch new product
Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have not a material effect
Technology-enabled innovation in financial services associated with new business models, applications, processes or products, all of which have a material effect
Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have a material effect
Reason behind emerging FinTech, except:
Mobile financial services provide cheap banking solutions the unbanked
Technology
Demographics
Satisfied customers
Credit cards are one of the technological innovations implemented in financial services, which was found in.............
1850s
2005s
1950s
1990s
If they cannot evolve to use technology to become a part in the current financial services model, they will be gone like dinosaurs. "They" means refer to
entrepreneurs
existing large bank and financial institution
customers
startup
These are the actors of financial technology industry:
1. financial institution
2. technology companies
3. startup
4. business and accountancy advisory firms
Which is the correct answer
all are correct
1, 2, 3
only 1 and 4
1, 2, 4
A specific type of database which differs from a typical database in the way it stores information; store data in blocks that are then chained together. As new data comes in it is entered into a fresh block. That's explanation is refer to .........
blockchain
big data
robotic process automation
machine learning
A specific type of database which differs from a typical database in the way it stores information; store data in blocks that are then chained together. As new data comes in it is entered into a fresh block. Thats explanation is refer to .........
blockchain
big data
robotic process automation
machine learning
Which is the appropriate statement about open/ public API (Application Programming Interface)?
is a subfield of linguistics, computer science, and artificial intelligence concerned with the interactions between computers and human language, in particular how to program computers to process and analyze large amounts of natural language data.
a publicly available application programming interface that provides developers with programmatic access to a proprietary software application or web service.
automation process works for companies instead of human beings and it can reduce human error always.
an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed.
Choose 3 from all answer that refer to Technologies that contribute to Fintech
Machine Learning
Closed API
Cloud
Biometrics
1. COST ARE BEING INCREASED
2. SPEED AND EASE OF USE
3. ADVANCE SECURITY
4. VULNERABLE OF CYBER ATTACKS
What are the advantages of FinTech?
all answer are correct
1, 2, 3
2 and 3
3 and 4
