Ch 1 Quiz
Tech impact is reaching even beyond the confines of Earth itself. According to an example in your chapter, how was a tool on the International Space Station recently acquired?
it was printed on-demand using 3D printing technology
Process design experts
leverage technology to make firms more efficient
A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of technology in the area of _____.
operations
Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for expertise beyond their organizations
quora
Technology experts in the area of _____ specialize in technology for competitive advantage
strategy
Some of the radical changes brought about by new technologies include
the creation of an unprecedented set of security and espionage threats
Sarbanes-Oxley Act
A law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate; piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations
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
Apple
Amazon was started by
Jeff Bezos
Linux operating system creator
Linus Torvals
Facebook was founded by
Mark Zuckerberg
Founders of Youtube
Steve Chen and Chad Hurley
Sergey Brin and Larry Page were both twenty-something doctoral students at Stanford University when they founded
Yahoo!
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
app stores
One contributor to the easy with which young entrepreneurs can have success is low-cost distribution to massive markets worldwide. This is enabled by
app stores
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
false
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
false
SEO and SEM are key tech industry acronyms that have become vital parts of the accounting professional's operating toolkit.
false
Social media and mobile phone use are decreasing expectations for corporate ethics and customer service
false
The United States holds the number one ranking in home broadband access
false
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
false
The number of U.S. patent applications waiting approval has significantly declined in the past decade
false
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
true
Data analytics and business intelligence are driving discovery and innovation.
true
Many of the careers in marketing are highly tech-centric
true
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
true
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
true
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
true
User-interface design experts
work to make sure systems are intuitive and easy to use