CBA Technology & Digital Business Transformation 2

Question 1

In business analytics, 'big data' refers to:

Accepted Answer

Extremely large, complex datasets requiring advanced tools to extract actionable insights

Answer

Databases containing only large financial transactions

Answer

Data storage systems that exceed 1 terabyte in size

Answer

Government-collected economic statistics used for business planning

Question 2

In a B2C e-commerce model, transactions occur between:

Accepted Answer

A business and individual consumers directly

Answer

Two businesses exchanging goods or services

Answer

Two individual consumers in a peer-to-peer arrangement

Answer

A business and a government agency

Question 3

What is an API (Application Programming Interface) primarily used for in business technology?

Accepted Answer

Allowing different software applications to communicate and share data

Answer

Monitoring network traffic and enforcing cybersecurity policies

Answer

Creating visual dashboards for executive business reporting

Answer

Training machine learning and artificial intelligence models

Question 4

Which technology is most associated with creating immutable, decentralized transaction records?

Accepted Answer

Blockchain

Answer

Artificial Intelligence (AI)

Answer

Virtual Private Networks (VPN)

Answer

Cloud Computing Infrastructure

Question 5

In cloud computing, 'scalability' refers to:

Accepted Answer

The ability to increase or decrease computing resources based on business needs

Answer

The physical dimensions and capacity of server hardware

Answer

Data migration procedures between different cloud providers

Answer

Encryption protocols used to protect data stored in the cloud

Question 6

A business continuity plan (BCP) related to technology is primarily designed to:

Accepted Answer

Ensure critical operations can continue during and after a technology disruption

Answer

Maximize employee productivity during normal business operations

Answer

Reduce IT spending by identifying and removing redundant systems

Answer

Accelerate software development and deployment cycles

Question 7

What is the primary purpose of a firewall in a business network?

Accepted Answer

Monitoring and controlling network traffic based on predefined security rules

Answer

Automatically backing up critical business data to offsite storage

Answer

Increasing internet connection speed for all network users

Answer

Managing employee user accounts and access permissions