Objective: Learning Objective 3
Difficulty: Easy
AACSB: Analytical Thinking
57) A grocery store wants to better understand its customers. In each shopping cart, the store installs a small gps tracking device so they can analyze the patterns shoppers take to buy groceries. The small device would be best classified as which of the following?
A) artificial intelligence
B) virtualization
C) cloud computing
D) internet of things
Answer: D
Concept: Accounting information systems
Objective: Learning Objective 3
Difficulty: Easy
AACSB: Reflective Thinking
58) Discuss the benefits and drawbacks of using a blockchain rather than a decentralized database.
Answer: Student answers will vary, but they should touch on the following topics.
Positives:
• Accuracy
• Transparency
• Data consistency
• Trust
• No need for third parties
• Single set of books
• Cost
• Decentralization
• Efficiency
• Privacy
• Security
• Provenance
Negatives:
• Cost
• Loss of privacy and confidentiality
• Susceptibility
Concept: Value chain
Objective: Learning Objective 3
Difficulty: Moderate
AACSB: Analytical Thinking