ExpertEasy2 marksMultiple Choice
ACCA · Question 11 · Business functions, regulation and technology
A consortium of electronics manufacturers wants to ensure that the cobalt used in their batteries is not sourced from conflict zones. They implement a technology that creates an immutable, decentralized, and time-stamped digital ledger of every transaction from the mine to the factory. Which technology are they utilizing?
A consortium of electronics manufacturers wants to ensure that the cobalt used in their batteries is not sourced from conflict zones. They implement a technology that creates an immutable, decentralized, and time-stamped digital ledger of every transaction from the mine to the factory. Which technology are they utilizing?
Answer options:
A.
Artificial Intelligence (AI)
B.
Cloud Computing
C.
Blockchain
D.
Big Data Analytics
How to approach this question
Look for the keywords: 'immutable', 'decentralized', 'digital ledger'. These are the defining characteristics of blockchain technology.
Full Answer
C.Blockchain✓ Correct
Blockchain is a type of Distributed Ledger Technology (DLT). Its core features—immutability, decentralization, and transparency—make it highly effective for creating verifiable audit trails in complex supply chains.
Common mistakes
Selecting Cloud Computing because the data is stored 'online'. Cloud data can be altered by the host; blockchain data cannot be easily altered.
Practice the full ACCA BT — Business & Technology Practice Exam 6
52 questions · hints · full answers · grading
More questions from this exam
Q01AeroFarms, a vertical farming startup, is planning to build a massive indoor facility in an urban...MediumQ02AstroMine Inc. is a commercial space exploration company preparing to extract rare earth metals f...MediumQ03SynthoMeat Ltd produces lab-grown synthetic beef. Recently, the price of traditional farmed beef ...HardQ04StreamForge is a new esports broadcasting platform. The industry is currently dominated by two ma...MediumQ05A national economy is currently experiencing a prolonged period of 'stagflation'. How is this mac...Medium