Question 1

_____ was just twenty-one when he founded Apple.

Accepted Answer

The answer of _____ was just twenty-one when he founded...

Question 2

Linus Torvals created the Linux operating system.

Accepted Answer

Linus Torvalds created the Linux operating system in 1991.

Question 3

Shawn Fanning's _____ was widely criticized as a piracy playground.

Accepted Answer

The answer of Shawn Fanning's _____ was widely criticized as...

Question 4

Another reason fueling the boom in fast-growing technology services is ___________________, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending

Accepted Answer

The answer of Another reason fueling the boom in fast-growing...

Question 5

What factors contribute to the current 'golden age' of young entrepreneurship, allowing innovators to create and deploy services with less expense than prior generations?

Accepted Answer

The answer of What factors contribute to the current 'golden...

Question 6

SEO and SEM are key tech industry acronyms that have become vital parts of the accounting professional's operating toolkit.

Accepted Answer

SEO (Search Engine Optimization) and SEM (Search Engine Marketing) are primarily used in digital marketing, not accounting. They focus on improving website visibility and traffic, not on financial management or accounting practices.

Question 7

Sergey Brin and Larry Page were both twenty-something doctoral students at Stanford University when they founded:

Accepted Answer

Sergey Brin and Larry Page founded Google while they were doctoral students at Stanford University.

Question 8

Funding projects via online efforts such as Kickstarter are referred to by the term _____________.

Accepted Answer

The answer of Funding projects via online efforts such as...

Question 9

Yahoo! was started by _____ and _____.

Accepted Answer

Yahoo! was started by Jerry Yang and David Filo.

Question 10

Facebook was founded by _____.

Accepted Answer

The answer of Facebook was founded by _____....

Question 11

Firms are increasingly shifting spending from the Web to other media such as print, radio, and television as these are often easier to track and analyze.

Accepted Answer

This statement is contrary to current trends as firms are actually shifting spending from traditional media to the Web in order to better track and analyze consumer behavior.

Question 12

Tony Hsieh served as CEO of _____, and eventually sold the firm to Amazon for $900 million.

Accepted Answer

Tony Hsieh was the CEO of Zappos and sold the company to Amazon for $900 million. He was not associated with the other companies listed.

Question 13

Steve Chen and Chad Hurley are credited as the founders of:

Accepted Answer

Steve Chen and Chad Hurley are widely recognized as the founders of YouTube, a popular video-sharing platform that they created in 2005.

Question 14

One contributor to the easy with which young entrepreneurs can have success is low-cost distribution to massive markets worldwide. This is enabled by:

Accepted Answer

App stores like Apple App Store and Google Play Store allow entrepreneurs to easily distribute their products to a massive worldwide market at a low cost. This has significantly lowered barriers to entry and enabled young entrepreneurs to have success.

Question 15

The technology known as ________________ is helping to fuel the current age of fast-growth technology entrepreneurship. This technology means that a start-up can rent the computing resources one previously had to buy at great expense.

Accepted Answer

The answer of The technology known as ________________ is helping...

Question 16

Name at least three technology firms that were founded by people in their twenties or younger.

Accepted Answer

The answer of Name at least three technology firms that...

Question 17

_____ was just a sophomore when he began building computers in his dorm room at the University of Texas. His firm would one day claim the top spot among PC manufacturers worldwide.

Accepted Answer

The clue mentions that the person started building computers in his dorm room at the University of Texas as a sophomore. This fits the biography of Michael Dell, who founded Dell Computers in 1984 while studying at the University of Texas. Bill Gates co-founded Microsoft, Steve Jobs co-founded Apple, Shawn Fanning co-founded Napster, and Mark Zuckerberg co-founded Facebook. None of their early ventures involved building computers or were based in Texas.

Question 18

Amazon was started by:

Accepted Answer

Amazon was started by Jeff Bezos in 1994 as an online bookstore.

Question 19

Many of the careers in marketing are highly tech-centric.

Accepted Answer

With the rise of digital marketing, data analytics, social media advertising, and other technological advancements in the field, many marketing careers require a strong understanding and proficiency in technology.

Question 20

Facebook was founded by Sergey Brin.

Accepted Answer

Facebook was actually founded by Mark Zuckerberg, along with his college roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Sergey Brin is one of the co-founders of Google.

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