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Questions and Answers
What is the definition of leverage in a business context?
What is the definition of leverage in a business context?
- To minimize risk by diversifying investments
- To prioritize transparency in financial transactions
- To negotiate with intermediaries to get better deals
- To use something to maximum advantage (correct)
Which of the following characteristics is often associated with blockchain technology?
Which of the following characteristics is often associated with blockchain technology?
- Immutable and transparent ledger (correct)
- Intermediaries are required for verification
- Revolutionizing the way we think about money
- Centralized control over transactions
What does it mean for something to be immutable?
What does it mean for something to be immutable?
- It is unchangeable over time (correct)
- It is open to negotiation
- It can be changed easily over time
- It is transparent to all parties involved
What is the role of intermediaries in a transaction?
What is the role of intermediaries in a transaction?
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What does it mean to revolutionize something?
What does it mean to revolutionize something?
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Study Notes
Business Concepts
- Leverage refers to the act of using something to its maximum advantage, often to achieve a significant benefit or gain.
- Immutable describes something that is unchangeable over time, remaining in its original state or form.
- Transparency is the quality of being open and honest, characterized by a lack of hidden agendas or secrets.
- Intermediaries act as middlemen or agents in a transaction, facilitating exchange or communication between parties.
- Revolutionizing involves causing a dramatic change or transformation, often in a particular field or industry.
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