Question

In: Computer Science

1, Bitcoin and blockchain are the same thing. true false 2, Operational efficiency and operational effectiveness...

1, Bitcoin and blockchain are the same thing.

true

false

2, Operational efficiency and operational effectiveness are the same thing.

true

false

3, Bill Gates was the sole founder of Microsoft.

true

false

Solutions

Expert Solution

1. Bitcoin is a cryptocurrency, while blockchain is a distributed database. Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency. So, bitcoin and blockchain are not the same thing. So answer is FALSE.

2. Operational efficiency is the capability of an enterprise to deliver products or services to its customers in the most cost-effective manner possible while still ensuring the high quality of its products, service and support. Operational effectiveness means performing similar activities better than rivals perform them. Operational effectiveness includes but is not limited to efficiency. It is a part of a wider strategy to remain competitive whilst differentiating yourself in other ways. Being effective is about doing the right things, while being efficient is about doing things right. Companies usually seek to increase and improve the efficiency of their operations and sales processes. So they are not exactly the same thing. Sp answer is FALSE.

3. Bill Gates was the sole founder of Microsoft. Microsoft was founded on April 4, 1975, by Bill Gates and Paul Allen in Albuquerque, New Mexico. So answer is TRUE.

venereology answered 1 day ago
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