Griffin Module 2 Quiz 2.1

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| By Nealopt1
Community Contributor
Quizzes Created: 1 | Total Attempts: 74
Questions: 7 | Attempts: 74

Module Quizzes & Trivia


Questions and Answers
  • 1. 

    How do we add Value through Automation?

  • 2. 

    Provide an example of automation of repetitive tasks. ________

    Batch files and flag scripts are examples of automation of repetitive tasks. Batch files are scripts that contain a series of commands that are executed in sequence. They are commonly used in Windows operating systems to automate tasks such as file management, program execution, and system configuration. Flag scripts, on the other hand, are scripts that use flags or indicators to automate tasks. These flags can be set to trigger specific actions or conditions, allowing for the automation of repetitive tasks. Both batch files and flag scripts are effective ways to save time and effort by automating tasks that would otherwise need to be done manually.

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  • 3. 

    Provide an example of automation of calculations. ________

    The given answer options, Strike Position Trackers, Autovol, and Quoting Compliance Script, are examples of automation of calculations. These tools or scripts are designed to perform calculations automatically, eliminating the need for manual calculations. Strike Position Trackers can automatically calculate the position of a strike in a game or sport. Autovol can automatically calculate the volume of a given object or space. Quoting Compliance Script can automatically calculate the compliance of a quote or estimate with certain regulations or guidelines. These examples demonstrate how automation can simplify and streamline calculations.

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  • 4. 

    Provide an example of automation of Analysis. ________

    The given options, including Wing Spread Trader, Trading Dashboard, Param Risk, and Big Customer Order Script, are all examples of automation tools that can be used for analysis purposes. These tools can help traders and analysts automate the process of analyzing market data, risk assessment, and executing large customer orders. By using these automation tools, analysts can save time and effort in manual analysis and make more informed decisions based on accurate and real-time data.

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  • 5. 

    Provide an example of automation of Visualization. ________

    Term Structure Sheets, Vision, and GIPT charts are examples of automation of visualization. These tools help in representing complex data and information in a visual format, making it easier to understand and analyze. Term Structure Sheets provide a graphical representation of the term structure of interest rates, enabling users to visualize the relationship between different maturities and interest rates. Vision is a software tool that automates the creation of visualizations, allowing users to generate charts, graphs, and diagrams based on their data. GIPT charts, which stands for Goal, Information, Procedure, and Tracking, are visual representations used to track and monitor progress towards achieving specific goals or targets.

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  • 6. 

    What types of tasks do we automate. Select all that apply.

    • A.

      Repetitive Tasks

    • B.


    • C.

      Complex Decisions

    • D.


    • E.


    Correct Answer(s)
    A. Repetitive Tasks
    B. Calculations
    D. Analysis
    E. Visualization
    Humans are able to make complex decisions and add value in that respect to a degree which automation cannot achieve. However, we don't really need to use time and brainpower in doing the other tasks and they can be effectively automated.

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  • 7. 

    ParamRisk is NOT an example of automation. True or False?

    • A.


    • B.


    Correct Answer
    B. False
    ParamRisk is an example of automation. This implies that ParamRisk is a system or process that involves the use of technology to perform tasks or operations automatically, without the need for human intervention.

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