Question 1

Some of the radical changes brought about by new technologies include:
A) the stagnation of advertising.
B) the proliferation of telecommunications into the hands of a few.
C) an increase in computing costs owing to the growth of licensed software.
D) a decrease in the standards of corporate ethics.
E) the creation of an unprecedented set of security and espionage threats.

Accepted Answer

New technologies have created an unprecedented set of security and espionage threats, as hackers and other malicious actors can use these technologies to gain access to sensitive information and systems. This has led to increased concerns about cybersecurity and the need for companies and governments to be vigilant in protecting their data and networks. The other choices are not accurate or relevant, as there is no evidence to suggest that new technologies have led to the stagnation of advertising, the concentration of telecommunications into the hands of a few, an increase in computing costs due to licensed software, or a decrease in corporate ethics.

Question 2

In two decades, the nation of ________ tech sector has grown from "almost nothing" to a $120 billion industry, expanding even during the recent global recession.

Accepted Answer

India's

Question 3

As a testament to tech's global reach, China is home to several publicly traded Internet firms, as well as a firm that was considered the largest IPO of all time.

Accepted Answer

This statement is true. China is home to several publicly traded Internet firms, such as Alibaba, Tencent, and Baidu, as well as a firm that was considered the largest IPO of all time, which was also Alibaba.

Question 4

_____ has emerged as a catalyst for global change, with Facebook and Twitter playing key organizing roles in uprisings worldwide.

Accepted Answer

The answer of _____ has emerged as a catalyst for...

Question 5

Uber and Airbnb are larger than any taxi firm or hotel chain on the planet. In what important way does the infrastructure used by these firms to deliver services differ from more traditional rivals?

Accepted Answer

The answer of Uber and Airbnb are larger than any...

Question 6

Sales in Apple's app store are so large, that they would be ranked as a Fortune 500 firm if the figure were broken out as a firm separate from Apple.

Accepted Answer

In 2019, the App Store's sales reached $50 billion, which would rank the App Store as the 140th largest company in the Fortune 500.

Question 7

The United States holds the number one ranking in home broadband access.

Accepted Answer

Countries like South Korea, Switzerland, and Norway often rank higher in home broadband access penetration rates compared to the United States.

Question 8

Palmer Luckey, the founder of Oculus, was able to get early funding for his product via Kickstarter, exceeding the fundraising goal set by his campaign without giving up a share of equity from this campaign.

Accepted Answer

This statement is true. Palmer Luckey used a Kickstarter campaign to raise funds for the development of the Oculus Rift, and did not give up equity in exchange for these funds. The campaign was highly successful, with backers pledging over $2.4 million, far surpassing the initial goal of $250,000.

Question 9

____________________ and ____________________ are turning sophisticated, high-powered computing into a utility available to even the smallest businesses and nonprofits.

Accepted Answer

The answer of ____________________ and ____________________ are turning sophisticated, high-powered...

Question 10

The phrase _____________ is often used to describe the trend of putting "smarts" (meaning computing and telecommunications technology) putting into everyday products such as lamps, watches, thermostats, and door locks; as well as embedding tech into industrial goods.

Accepted Answer

The answer of The phrase _____________ is often used to...

Question 11

The nation of _____ has more Internet users than any other country.

Accepted Answer

The answer of The nation of _____ has more Internet...

Question 12

The rise of open source software has lowered computing costs for start-up and blue chip companies worldwide.

Accepted Answer

Open source software is often freely available and can be modified and distributed without any licensing fees, which has led to lower computing costs for companies of all sizes.

Question 13

Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownership stakes to a large number of contributors before they can raise funds to bring products to market.

Accepted Answer

Crowdfunding sites like Kickstarter do not require founders to give up ownership stakes in their company. Instead, they offer rewards to their backers, such as early access to their product or special merchandise. However, founders should still be cautious and carefully consider the terms and conditions of the crowdfunding platform before launching a campaign.

Question 14

Data analytics and business intelligence are driving discovery and innovation.

Accepted Answer

Both data analytics and business intelligence involve the use of data to gain insights and make informed decisions, which can lead to new discoveries and innovations in various industries. Therefore, they play a crucial role in driving these processes.

Question 15

Tech impact is reaching even beyond the confines of Earth itself. According to an example in yoru chapter, how was a tool on the International Space Station recently acquired?:
A) It was purchased via China's Alibaba - showing global sourcing extends to the extraterrestrial.
B) It was delivered to the launch site when summoned from Space using the FedEx app.
C) It was an out-of-print product that an Etsy producer was able to craft and deliver for the next resupply flight.
D) It was printed on-demand using 3D printing technology.

Accepted Answer

The tool was printed on-demand using 3D printing technology. This demonstrates the capability of using technology to create and manufacture necessary tools even in space.

Question 16

Tech firms are among the best performing firms in the world. According to the chapter, which firm is the most valuable firm in the United States, and has also posted some of the most profitable quarters of any business in any industry.
A) Amazon
B) Apple
C) Google
D) IBM

Accepted Answer

According to the chapter, Apple is the most valuable firm in the United States and has posted some of the most profitable quarters of any business in any industry. While Amazon, Google, and IBM are also tech firms, the chapter does not mention them as having the same level of profitability or value as Apple.

Question 17

Social media and mobile phone use are decreasing expectations for corporate ethics and customer service.

Accepted Answer

Social media and mobile phone use have actually increased expectations for corporate ethics and customer service, as they provide platforms for consumers to share their experiences widely and demand accountability from companies.

Question 18

How are entrepreneurs in sub-Saharan Africa leveraging technologies to serve local needs? Give examples.

Accepted Answer

The answer of How are entrepreneurs in sub-Saharan Africa leveraging...

Question 19

The founding technology entrepreneurs behind many leading firms, such as Apple, Microsoft, and Facebook, got their start in their early 30s, leveraging university study and knowledge from their first post-college jobs to create disruptive new firms.

Accepted Answer

The statement is incorrect as the founding technology entrepreneurs of Apple (Steve Jobs and Steve Wozniak) started the company when they were in their mid-20s, Microsoft (Bill Gates and Paul Allen) started when they were in their early 20s, and Facebook (Mark Zuckerberg) was founded when he was 19 years old.

Question 20

Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on a population percentage basis, exceeds any nation in the West.

Accepted Answer

This statement is true. Kenya and Somaliland have seen a significant proliferation of technology in recent years, including the widespread use of mobile money services that allow people to conduct financial transactions through text messages. In fact, the percentage of the population in these countries using mobile money far exceeds that of any Western nation.

Quiz 1: Setting the Stage: Technology and the Modern Enterprise

Some of the radical changes brought about by new technologies include: