Which of the following is an example of offshoring?

A UK company hires a third-party to handle some of its operations in India.

What is a key advantage of outsourcing for a business?

Outsourcing lets the business focus on its core strengths

Which of the following best describes Big Data?

Extremely large and complex data sets requiring advanced tools to analyse

What is Artificial Intelligence (AI)?

The ability of a system to mimic human cognitive functions

What is the main goal of Robotic Process Automation (RPA)?

Automate repetitive business processes

Which of the following is an advantage of using cloud accounting software?

Real-time data access and collaboration

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Questions 10

Answers

1
Which of the following is an example of offshoring?
A UK company hires a third-party to handle some of its operations in India.
A UK company contracts a local firm to manage its IT infrastructure.
A UK company moves its manufacturing operations from London to Leeds.
A UK company reduces its staff by outsourcing to another comp
2
What is a key advantage of outsourcing for a business?
The business reduces its costs by shifting jobs to another country.
The business gains greater control over its internal functions.
Outsourcing lets the business focus on its core strengths
The business improves the quality of its own employees’ work.
3
Which of the following best describes Big Data?
Extremely large and complex data sets requiring advanced tools to analyse
A marketing term for cloud storage
An outdated term for business intelligence
A large external hard drive
4
Artificial Intelligence can be used to detect fraud in financial transactions.
True
False
5
Machine Learning enables accounting systems to improve by learning from data without being explicitly programmed.
False
True
6
What is Artificial Intelligence (AI)?
The physical hardware of a computer
The ability of a system to mimic human cognitive functions
A software that never fails
A type of natural intelligence found in humans
7
Which of the following is a key benefit of cloud computing?
Increased hardware costs
Reduced scalability
On-demand access to resources
Limited storage capacity
8
What is the main goal of Robotic Process Automation (RPA)?
Replace humans entirely in all job roles
Replace humans entirely in all job roles
Automate repetitive business processes
Build physical robots for industrial use
9
Blockchain can be used to record accounting transactions securely and prevent tampering.
False
True
10
Which of the following is an advantage of using cloud accounting software?
It has no backup system
Requires installation on every device
Real-time data access and collaboration
Data can only be accessed from one location

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