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

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Question 1

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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

E) All of the above
F) B) and C)

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Question 2

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

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Facebook was founded by Mark Zuckerberg ...

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Question 3

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The _____ department in an organization not only ensures that systems get built and keep running but also take on strategic roles targeted at proposing solutions for how technology can give the firm a competitive edge.

Technology experts in the area of user-interface design:

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.

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

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.

Data analytics and business intelligence are driving discovery and innovation.

Today's job seekers are writing résumés with keywords in mind, aware that the first cut is likely made by a database search program, not a human being.

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

Linus Torvals created the Linux operating system.

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

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

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

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

Technology experts in the area of process design:

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

Technology experts in the area of user-interface design specialize in technology for competitive advantage.

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.

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.