5 Questions
What is the definition of an industrial revolution?
An industrial revolution can be generalized as: ‘‘A rapid and major change in an economy, driven by a shift in the methods and types of work undertaken’’.
What is the Fourth Industrial Revolution also known as?
The Fourth Industrial Revolution is also known as Industry 4.0.
What are the driving forces of the Fourth Industrial Revolution?
The driving forces of the Fourth Industrial Revolution are disruptive technologies.
What are the features of the Fourth Industrial Revolution?
The features of the Fourth Industrial Revolution include fusion of cyber and physical systems, change in employment due to robotics and automation, artificial intelligence and machine learning, and machine-led manufacturing.
What is the shift in manufacturing in the Fourth Industrial Revolution?
The shift in manufacturing in the Fourth Industrial Revolution is towards machine-led manufacturing, where machines play a major role in the manufacturing processes.
Test your knowledge on how technology is impacting the business and finance world with this quiz. Covering topics such as the influence of technology on business and finance, as well as how digital technologies are utilized in the finance function, this quiz will assess your understanding of the impact of technology in a digital world.
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