Which of the following is NOT true about Blockchain application in Accounting? A. Auditors can get the real time data B. Auditors can go back to any of the previous block without reviewing the whole blockchain system C. Blockchain can limit the access to the unauthorized parties D. Blockchain benefits the audit confirmation E. None of the above, all the descriptions are true O O O Which of the following is TRUE for smart contracts? O A. Smart contracts are invented immediately after the blockchain exited O B. Smart contracts can be used to replace paper contracts C. Smart contracts were secured enough without a blockchain environment O D. The transaction will never be rejected by a smart contract Which of the following is TRUE about smart contracts? A. The smart contract acts as a central authority B. The smart contract with a blockchain environment is not computationally demanding C. The new block is added to the existing chain in the smart contracts D. Smart contracts are only useful for financial transactions O O O O
Which of the following is NOT true about Blockchain application in Accounting? A. Auditors can get the real time data B. Auditors can go back to any of the previous block without reviewing the whole blockchain system C. Blockchain can limit the access to the unauthorized parties D. Blockchain benefits the audit confirmation E. None of the above, all the descriptions are true O O O Which of the following is TRUE for smart contracts? O A. Smart contracts are invented immediately after the blockchain exited O B. Smart contracts can be used to replace paper contracts C. Smart contracts were secured enough without a blockchain environment O D. The transaction will never be rejected by a smart contract Which of the following is TRUE about smart contracts? A. The smart contract acts as a central authority B. The smart contract with a blockchain environment is not computationally demanding C. The new block is added to the existing chain in the smart contracts D. Smart contracts are only useful for financial transactions O O O O
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Give typing answer with explanation and conclusion to all parts
Transcribed Image Text:Which of the following is NOT true about Blockchain application in Accounting?
O A. Auditors can get the real time data
O
B. Auditors can go back to any of the previous block without reviewing the whole blockchain system
O
C. Blockchain can limit the access to the unauthorized parties
O
D. Blockchain benefits the audit confirmation
O
E. None of the above, all the descriptions are true
Which of the following is TRUE for smart contracts?
O A. Smart contracts are invented immediately after the blockchain exited
O
B. Smart contracts can be used to replace paper contracts
O
C. Smart contracts were secured enough without a blockchain environment
O
D. The transaction will never be rejected by a smart contract
Which of the following is TRUE about smart contracts?
A. The smart contract acts as a central authority
B. The smart contract with a blockchain environment is not computationally demanding
C. The new block is added to the existing chain in the smart contracts
D. Smart contracts are only useful for financial transactions
O
O
O
O
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