CBA Technology & Digital Business Transformation 2 — Questions and Answers
Question 1: In business analytics, 'big data' refers to:
- Extremely large, complex datasets requiring advanced tools to extract actionable insights (Correct answer)
- Databases containing only large financial transactions
- Data storage systems that exceed 1 terabyte in size
- Government-collected economic statistics used for business planning
Correct answer: Extremely large, complex datasets requiring advanced tools to extract actionable insights
Big data refers to high-volume, high-velocity, and high-variety datasets that traditional tools cannot handle, requiring specialized analytics to extract business insights.
Question 2: In a B2C e-commerce model, transactions occur between:
- Two businesses exchanging goods or services
- A business and individual consumers directly (Correct answer)
- Two individual consumers in a peer-to-peer arrangement
- A business and a government agency
Correct answer: A business and individual consumers directly
B2C (Business-to-Consumer) e-commerce involves businesses selling products or services directly to individual end-users, such as an online retailer selling to shoppers.
Question 3: What is an API (Application Programming Interface) primarily used for in business technology?
- Monitoring network traffic and enforcing cybersecurity policies
- Creating visual dashboards for executive business reporting
- Allowing different software applications to communicate and share data (Correct answer)
- Training machine learning and artificial intelligence models
Correct answer: Allowing different software applications to communicate and share data
APIs enable different software systems to interact and exchange data, allowing businesses to integrate tools such as connecting their e-commerce platform with shipping or accounting software.
Question 4: Which technology is most associated with creating immutable, decentralized transaction records?
- Artificial Intelligence (AI)
- Virtual Private Networks (VPN)
- Cloud Computing Infrastructure
- Blockchain (Correct answer)
Correct answer: Blockchain
Blockchain creates a distributed ledger of transactions that is extremely difficult to alter, providing transparency and security for financial transactions and supply chain tracking.
Question 5: In cloud computing, 'scalability' refers to:
- The physical dimensions and capacity of server hardware
- The ability to increase or decrease computing resources based on business needs (Correct answer)
- Data migration procedures between different cloud providers
- Encryption protocols used to protect data stored in the cloud
Correct answer: The ability to increase or decrease computing resources based on business needs
Scalability allows businesses to quickly expand or reduce their computing resources to match demand fluctuations, avoiding over-provisioning or underperformance.
Question 6: A business continuity plan (BCP) related to technology is primarily designed to:
- Maximize employee productivity during normal business operations
- Reduce IT spending by identifying and removing redundant systems
- Accelerate software development and deployment cycles
- Ensure critical operations can continue during and after a technology disruption (Correct answer)
Correct answer: Ensure critical operations can continue during and after a technology disruption
A BCP identifies critical technology systems and establishes procedures to maintain business operations during outages, cyberattacks, or disasters, minimizing downtime and financial loss.
Question 7: What is the primary purpose of a firewall in a business network?
- Automatically backing up critical business data to offsite storage
- Increasing internet connection speed for all network users
- Monitoring and controlling network traffic based on predefined security rules (Correct answer)
- Managing employee user accounts and access permissions
Correct answer: Monitoring and controlling network traffic based on predefined security rules
A firewall acts as a security barrier between a trusted internal network and untrusted external networks, filtering traffic to prevent unauthorized access and cyber threats.
CBA Technology & Digital Business Transformation 2
In business analytics, 'big data' refers to: