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Week 7 - HR7004: Mental Wealth: Professional exchange & Applied research Flashcards | StudBud
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Week 7 - HR7004: Mental Wealth: Professional exchange & Applied research
Week 7 - HR7004: Mental Wealth: Professional exchange & Applied research
30 terms
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Questions
30
Answers
1
What role does data science play in FinTech?
Eliminates financial risks by providing information for decision-making
Facilitates better financial decision-making
Prepares reports on company profits
Prevents company-wide layoffs
2
Which of the following best defines blockchain?
A decentralized digital ledger
An online shopping cart
A social media algorithm
A cloud storage system
3
Which of the following is a core concept of digital proficiency?
Being resistant to change
Mastering social media
Ignoring technology advancements
Traditional business mindset
4
What is the role of digital proficiency in the workplace?
Does not influence productivity
Complicates work processes
Improves workplace efficiency
Slows down business processes
5
What is digital proficiency?
Being able to type quickly
Mastering digital tools and technologies
Using Excel and Word effectively
Using social media effectively
6
What is the primary function of regulatory technology (RegTech)?
Develops corporate marketing strategies
Automates content creation
Ensures compliance with regulations
Simplifies tax regulations
7
Which of the following is a future skill in demand?
Basic accounting
Public relations
Public speaking
Transdisciplinarity
8
Why is cybersecurity essential in financial technology?
To track online shopping behavior
To prevent fraud and hacking
To increase government surveillance
To track user activity
9
Which of the following is a major benefit of AI in business?
Reduces decision-making skills
Reduces human resource management
Slows down innovation
Enhances business decision-making
10
Which factor is crucial for digital transformation?
Ignoring cybersecurity threats
Maintaining traditional business models
Increased paperwork
Adopting new digital skills
11
Which of the following is an example of digital collaboration?
Working in isolation
Sending handwritten memos
Using Microsoft Teams for communication
Holding in-person board meetings
12
Which of the following is an example of wearable computing?
A VR headset
Smart glasses
A home assistant device
Smartwatches
13
Which technology is an example of pervasive computing?
Wearable technology
Biometric authentication systems
Handwritten business notes
Traditional desktop computers
14
Which of the following describes the digital asset market?
A traditional bank account
A system for tracking online purchases
An unregulated investment system
A fixed-interest banking product
15
What is a core element of computational thinking?
Ignoring patterns in data
Using intuition in problem-solving
Guesswork in decision-making
Breaking complex problems into steps
16
How does cognitive load management help professionals?
Does not affect work performance
Increases memory retention
Helps improve attention span
Reduces cognitive overload
17
Which of the following is a challenge for FinTech companies?
Complying with regulations while innovating
Over-reliance on human employees
Managing a fixed employee salary
Unlimited funding
18
Which of the following best defines artificial intelligence (AI)?
The science of making machines imitate human thinking and behaviour
A human-like robot
Teaching robots to feel emotions
A software application that allows machines to be manipulated for a task
19
How can organisations protect themselves from cyber threats?
Regular software updates
Downloading free software
Ignoring phishing emails
Rely on passwords alone
20
Which of the following technologies is NOT part of digital payments?
Paper money transactions
Contactless payments
Cryptocurrencies
Credit card transactions
21
Why is cross-cultural competency important in digital workplaces?
Slows down decision-making
Facilitates global teamwork
Limits global interaction
Prevents communication barriers
22
How does machine learning relate to AI?
Has no relation to AI
Helps AI systems learn and improve
AI does not use machine learning
Automates repetitive tasks
23
What is a major risk associated with AI?
Lower employment rates
Increased efficiency
Data privacy violations
Enhanced cybersecurity
24
What is the key driver of Industry 4.0?
Basic programming knowledge
Basic automation
Predictive modelling and analytics
Reducing global supply chains
25
Which of the following is an example of artificial intelligence in use?
Writing a manual for a machine
Filing tax reports manually
Using a paper-based file system
A smart thermostat adjusting temperature
26
What is a major challenge of using AI in financial markets?
Reduces cost of transactions
Reducing customer interactions
Ensuring ethical AI implementation
Relying on traditional trading strategies
27
What is a risk of automation in businesses?
Better work-life balance
Higher employee engagement
Reduced customer experience
Increased employee engagement
28
Which of the following is NOT a skill required for future jobs?
Negotiation
Persuasion skills
Familiarity with outdated software
Teamwork
29
Which factor is crucial for venture creation in FinTech?
Not needing any capital
Lack of skilled developers
Securing investment for new projects
Ignoring government regulations
30
Which of the following is NOT a component of Industry 4.0?
Big data analytics
Blockchain
The industrial internet of things (IIOT)
Cloud computing
