E1 Exam Dumps | The finance function of Company E are considering using blockchain technology for its ledger systems

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CIMA.E1.v2021-05-26.q103
Question 49

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Question 49/103

The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

A. It will be easy to understand and work with.

B. Transactions are recorded by a sole participant

C. Records can be easily changed and amended

D. Costs of maintaining and reconciling ledgers can be reduced

Correct Answer: D

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