Business Economics and Public Policy(BBEP) Blockchain Quiz - Answers & Questions

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1. Question 1 One key responsibility of a CEO in leading the blockchain revolution in his/her company is: Communicating that “the rules don’t apply to us” Encouraging employees to seek out as... many different sources of information as they can for information about blockchain (e.g. newspapers, magazine articles, other online sources) Balancing the hype and the promise of blockchain technology through consistent internal messaging, training, and incentives All of the above Question 2 1 point 2. Question 2 How can a CEO associate her company’s brand with a blockchain future? By telling and re-telling blockchain stories across a variety of communication channels By using simple terms to communicate his/her message about blockchain technology By writing a position paper on blockchain technology All of the above Question 3 1 Schlumberger-Private point 3. Question 3 What strategies can a CEO use to assess the market readiness for blockchain technology? Watching blockchain pilots closely Taking part in proof-of-concept projects Designing their own proof-of-concept projects All of the above I, Arijit Paul, understand that submitting work that isn’t my own may result in permanent failure of this course or deactivation of my Coursera account. Schlumberger-Private The COO Quiz, 3 questions Question 1 1. Question 1 How will global supply chain management be transformed by blockchain technology? Blockchain will serve as a trustable platform for building relationships among partners, suppliers, and customers who may not otherwise trust each other. With proof of ownership and attribution on a blockchain, stolen assets can be traced back to their rightful owners. Blockchain can assist with identity verification and the tracking of money, goods, and people as they pass through border control and customs. All of the above Question 2 2. Question 2 How did Moog use blockchain to support its operations? It used blockchain to mitigate the lengthy delays at ports and border crossings, due to piles of paperwork and changing rules and regulations. It used blockchain to check the conditions of transport and storage of foodstuffs. It used blockchain to secure the transfer and use of 3D printing files so they couldn’t be tampered with, and would print exactly the number of parts that were paid for. Schlumberger-Private All of the above Question 3 3. Question 3 How might blockchain technology be used for supply chain management within the agricultural industry? Combined with IoT sensors, it can be used to track the quality of crops and soil It can be used to match excess yields with those in need of food It can be used to screen out bad actors in the global food supply chain All of the above I, Arijit Paul, understand that submitting work that isn’t my own may result in permanent failure of this course or deactivation of my Coursera account. The CLO Quiz, 3 questions Question 1 1 point Schlumberger-Private 1. Question 1 What strategies can a CLO use to support the development of smart contracts? Stick with well-tested methods for creating and running smart contracts Ensure that there is someone on staff who can audit the code of a smart contract Keep apprised of cases involving blockchain technologies All of the above Question 2 1 point 2. Question 2 The watch phrase for CLOs is “Don’t roll your own crypto.” What does this mean? Don’t enter smart contracts lightly. Don’t create some new cryptographic means of securing your smart contracts without publishing it for peer review and outside testing. Don’t create smart contracts in highly regulated areas, such as health care, financial markets, or pharmaceuticals. All of the above Question 3 1 point 3. Question 3 Why is the process of obtaining a blockchain patent not straightforward? Schlumberger-Private Determining whether an application is eligible is not always clear-cut. Courts don’t favor applications that codify existing business practices into software. The design must be “non-obvious,” and the question of obviousness is rich and deep. All of the above I, Arijit Paul, understand that submitting work that isn’t my own may result in permanent failure of this course or deactivation of my Coursera account. Re-Architecting the Firm Quiz, 10 questions Question 1 1 Schlumberger-Private point 1. Question 1 What is/are the feature(s) of a holacracy that have been adapted into the management model for ConsenSys? Dynamic roles rather than job descriptions The organization of people around projects rather than departments Distributed teams rather than centrally located business units All of the above Question 2 1 point 2. Question 2 In his 1937 paper, “The Nature of the Firm,” economist Ronald Coase identified three types of transaction costs for a firm. Which of these includes the cost of policing and enforcing business agreements. Search costs Coordination costs Contracting costs Agency costs Question 3 1 point 3. Question 3 According to Coase, under what conditions will an enterprise continue to expand? Schlumberger-Private Until it establishes a monopoly Until the cost of performing a transaction inside the firm exceeds the cost of performing that transaction outside the firm, in an open market Until every worker has perfect knowledge, enabling them to do exactly the right thing at the right time None of the above Question 4 1 point 4. Question 4 When recruiting new talent, how would searching on a blockchain differ from searching on the Internet? Hiring managers would only be able to search relevant information that users have made open, and would query the blockchain using a series of verifiable yes/no questions specific to the position. On a blockchain, a professional networking service provider would host the names, photos, and CVs of job seekers, and would sell access to this information to recruiters and sales professionals. On a blockchain, information about a candidate would be abundant, unreliable, and perishable, whereas on the Internet it would be scarce, tamper-proof, and permanent. All of the above Question 5 1 point 5. Question 5 This Nobel laureate argued that firms exist to resolve conflicts, largely through contracts made with various parties inside the firm. Schlumberger-Private Vitalik Buterin Michael Jenson William Meckling Oliver Williamson Question 6 1 point 6. Question 6 When managers and executives act in their own interests, rather than in the interests of shareholders or customers, this is an example of a(n): Search cost Contracting cost Agency cost None of the above Question 7 1 point 7. Question 7 How can smart contracts on a blockchain assist in coordinating the work of an enterprise? They can enable people to function together with the persistence and stability of an organization, but without the hierarchy. Schlumberger-Private They can be used to record employee actions and managerial decisions in a transparent manner, holding workers and managers accountable to their commitments. They can enable shareholders to see any inefficiencies, unnecessary complexity, or major gaps between executive pay and the value these executive actually contribute. All of the above Question 8 [Show More]

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