Chapter 8 - Computers in Business

Processing and managing algorithms across many machines in a computing environment is known as ______.

Distributed computing

Non-fungible token is a digital ______ backed by blockchain technology that proves ownership of something.

signature

What allows many different parties around the world to access and verify the same data?

Distributed ledger

Who is a business analytics specialist who uses visual tools to help people understand complex data?

A data artist

______ paralysis occurs when the user goes into an emotional state of over-analysis (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome

Analysis

What is it called when one governing party verifies all data and system access?

Centralized ledger

______ computing processes and manages algorithms across many machines in a computing environment.

Distributed

What are the three primary components of a block in a blockchain?

Hash Data Previous hash

is the ability for a blockchain ledger to remain a permanent, indelible, and unalterable history of transactions.

Immutability

What presents the results of data analysis, displaying the patterns, relationships, and trends in a graphical format?

Infographics

What are the three advantages of using blockchain technology?

Internet of Things integration digital trust immutability

What records classified and summarized transactional data?

Ledger

What is a digital signature backed by blockchain technology that proves ownership of something?

Non-fungible token

What is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain?

Proof-of-work

True or false: Infographics (information graphics) present the results of data analysis, displaying the patterns, relationships, and trends in a graphical format.

True

A data ______ is a business analytics specialist who uses visual tools to help people understand complex data.

artist/A data artist is a business analytics specialist who uses visual tools to help people understand complex data.

A(n) ______ is a type of distribution ledger, consisting of blocks of data that maintain a permanent and tamper-proof record of transactional data.

blockchain

A(n) ______ ledger is when one governing party verifies all data and system access.

centralized

A(n) ______ ledger allows many different parties around the world to access and verify the same data.

distributed

Proof-of-work is a requirement to define an expensive computer calculation, also called ______, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain.

mining