Unitium.One - Master Cybersecurity

Module 4 Quiz: Governance and Access Control

Test your knowledge of multi-signature governance models and access control

Question 1 of 10

Which governance model is most appropriate for a small business with three equal partners who want to share signing authority equally?

Hierarchical Model

Equal Partnership Model (2-of-3)

Consensus Model (3-of-3)

Distributed Security Model (1-of-3)

Question 2 of 10

In a corporate finance department, the CFO's signature is required for all transactions, plus one additional signature from any of three Finance Directors. What is the most appropriate M-of-N configuration?

2-of-4 with role requirements

3-of-4 without role requirements

2-of-3 with CFO veto power

4-of-4 consensus model

Question 3 of 10

What is the primary purpose of implementing spending limits and thresholds in a multi-signature setup?

To reduce transaction fees by batching small transactions

To balance security requirements with operational efficiency based on transaction size

To prevent all large transactions from being processed

To automatically approve small transactions without any signatures

Question 4 of 10

Which of the following is NOT a benefit of time-based transaction constraints in Vultisig?

Allowing stakeholders time to detect and respond to potentially unauthorized transactions

Preventing signatures from being used indefinitely after they're granted

Enabling scheduled transactions that execute at specific times

Automatically reversing transactions if they haven't been completed within a time limit

Question 5 of 10

In Role-Based Access Control (RBAC), which role can view transactions and balances but cannot create or approve transactions?

Admin

Approver

Initiator

Observer

Question 6 of 10

A family managing generational wealth wants to ensure that both parents must approve major asset transfers, while regular transactions only require any two family members. What configuration best achieves this?

2-of-5 with value-based role requirements

3-of-5 with no special rules

5-of-5 consensus for all transactions

2-of-2 with only the parents as signers

Question 7 of 10

What is the primary risk of implementing overly complex approval requirements in a multi-signature governance model?

Increased security vulnerabilities from too many signers

Higher transaction fees on the blockchain

Operational friction that can impede legitimate business operations

Difficulty in implementing the technical configuration

Question 8 of 10

Which of the following should be included in a comprehensive governance policy document?

Private keys and seed phrases for all signers

Roles and responsibilities of all participants, approval requirements, and procedures for different scenarios

Only the M-of-N threshold configuration

Marketing materials about the organization's use of blockchain

Question 9 of 10

In a hierarchical governance model, a company wants to ensure the CEO can approve transactions alone in emergencies, but all other transactions require multiple approvals. How should this be structured?

Create a separate emergency wallet with CEO as sole signer

Use a 1-of-N configuration for all transactions

Implement role-based emergency override procedures with audit logging

Give the CEO access to all other signers' private keys

Question 10 of 10

What is the purpose of implementing a transaction delay or cooling period for large or unusual transactions?

To give the blockchain network time to process the transaction

To reduce gas fees by waiting for lower network congestion

To provide a detection and response window before the transaction executes

To automatically cancel transactions that haven't been completed quickly