What Do Consensus Methods Achieve

question 7

Multiple Choice

What do consensus methods achieve?

• A) Anonymity in a peer to peer network
• B) The highest level of security in a database by ensuring 51% agreement of nodes on the network.
• C) The most efficient way of recording a transaction in any database.
• D) It confirms that all nodes on the network are legitimate.
• E) None of the above

Understand the concept and implications of the deterrence hypothesis in social control.

Recognize and explain the concept of positive deviance and its societal impact.

Comprehend the phenomenon of self-fulfilling prophecy and its effect on individual behavior.

Assess how in-group and out-group biases influence the perception of normative behavior.

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Definitions:

Job-order Costing

A costing system used to determine the cost of producing specific jobs or batches, where costs are assigned to each job individually.

Indirect Materials

Materials used in the production process that cannot be easily traced back to the final product.

Work in Process

Inventories that refer to materials and goods partially processed but not yet completed, often treated as an asset on the balance sheet.

Finished Goods

Goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.