Question 1

In two decades, the nation of ________ tech sector has grown from "almost nothing" to a $73 billion industry, expanding even during the recent global recession.

Accepted Answer

India's

Question 2

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. Instead, backers typically receive rewards or early access to the product in exchange for their contribution. However, founders should still be cautious and carefully plan their crowdfunding campaign to ensure it does not negatively impact their ownership or long-term goals.

Question 3

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, which showcases the use of tech even in space for manufacturing and resource sustainability purposes.

Question 4

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 widespread adoption of mobile money technology, such as M-Pesa, which allows users to send and receive money via text message. The percentage of their populations using mobile money exceeds that of any Western nation.

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

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 7

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

Accepted Answer

The use of open source software has significantly reduced the cost of computing technology for both start-up and blue chip companies globally. Open source software allows these companies to access technology that would have otherwise been too expensive for them to afford if it were developed through proprietary software. With open source software, companies can save money on licensing costs, development costs, maintenance costs, and infrastructure costs. Consequently, open source software has become increasingly popular in the business world.

Question 8

____________________ 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 9

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

The creation of new technologies has led to increase in security and espionage threats. With the growing number of innovations in the digital world, businesses, organizations, and even government entities become more vulnerable to cyberattacks and data breach. This requires more investment in cybersecurity measures and constant monitoring to protect sensitive data from hackers and malicious insiders.

Question 10

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 was able to fund his first prototype via Kickstarter, raising $2.4 million, without giving up equity in his company.

Question 11

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 12

_____ 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 13

Data analytics and business intelligence are driving discovery and innovation.

Accepted Answer

Data analytics and business intelligence involve the use of advanced technologies and techniques to analyze large amounts of data, identify patterns and trends, and extract meaningful insights that can inform strategic decision-making and drive innovation within organizations.

Question 14

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

Accepted Answer

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

Question 15

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 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 and Google are also tech firms that have been performing well, Apple's value and profitability make it the best choice for this question. IBM is a tech company, but it has not been performing as well as Apple, Amazon, and Google in recent years.

Question 17

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 is true. China is home to several publicly traded Internet firms such as Alibaba, Baidu, and Tencent, and it also had the largest IPO of all time with Alibaba's debut on the New York Stock Exchange in 2014.

Question 18

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

According to recent reports, Apple's app store sales exceed $64 billion, enough to rank as a Fortune 500 company if it were separated from Apple.

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

This statement is incorrect as many founding technology entrepreneurs, such as Mark Zuckerberg (Facebook) and Bill Gates (Microsoft), started their companies while still in college or in their early 20s. Additionally, there are many successful entrepreneurs who did not have a traditional university education or did not start their companies until later in life.

Question 20

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...

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