IS Chapter 1

YouTube was started by _____ and _____.

Steve Chen; Chad Hurley

T/F For today's collegiate job seeker, public participation in social media is strongly discouraged.

false

T/F 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

An organization's _____ department ensures that systems get built and keep running. It also takes on strategic roles targeted at proposing solutions for how technology can give the firm a competitive edge.

information systems

Jeff Bezos is credited as the founder of _____.

Amazon

Another 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

Many firms are developing so-called "C-level" specialties in emerging areas with a technology focus, such as _____.

CISO

We're in a golden age of tech entrepreneurship where ________________ means a start-up can rent the computing resources one previously had to buy at great expense

"the cloud" (or cloud computing)

Internet of Things

A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action.

Sarbanes-Oxley Act

Also known as Sarbox or SOX; U.S. legislation enacted in the wake of the accounting scandals of the early 2000s. The act raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations. Although often criticized, SOX is also seen as raising stakes for mismanagement and misdeeds related to a firm's accounting practices.

___________________________________________ are driving discovery and innovation, redefining modern marketing, and creating a shifting knife-edge of privacy concerns that can shred corporate reputations if mishandled.

Data analytics and Business Intelligence

T/F In recent years, activity has dramatically declined in the areas of intellectual property, patents, piracy, and privacy.

False

T/F It is unlikely that Internet giants Uber and Airbnb will ever be displaced because these firms own such large and expensive inventories of infrastructure (e.g. automobiles and hotels).

False

T/F One sign of the global digital divide is that the slow rate at which electronic banking and financial services have proliferated to nations such as Kenya.

False

Many business students aspire to careers in investment banking. Tech firms may very well influence their careers, given that the tech sector comprises a high number of __________________ and __________________.

IPOs (initial public stock offerings), M&A (mergers and acquisitions) deals

IPO

Initial public stock offering, the first time a firm makes shares available via a public stock exchange, also known as 'going public.'

What is considered the most influential piece of open source software was created by ________________ of _____________________.

Linus Torvoalds of Finland

Facebook was founded by

Mark Zuckerburg

_______________ refers to a technology which can (among other things) be used to "track your luggage at the airport".

RFID

Which technology is cited as raising the ethics and service bar for modern managers?

Social media

This piece of U.S. legislation was enacted in the wake of the accounting scandals of the early 2000s. Although often criticized, it is also seen as raising stakes for mismanagement and misdeeds related to a firm's accounting practices.

The Sarbanes-Oxley Act

Which of the following is a radical change brought about by new technologies?

The growth of privacy and security concerns

T/F Cloud computing and software as a service are turning sophisticated, high-powered computing into a utility available to even the smallest businesses and non-profit organizations.

True

T/F Digital downloads are booming. Sales in Apple's AppStore, alone, would be big enough to be a Fortune 500 firm if these sales were broken out and ranked as a separate company.

True

T/F Firms are using social media to generate sales, improve their reputations, better serve customers, and innovate.

True

T/F IPO markets need new firms, and the tech industry is a fertile ground that continually sprouts new businesses like no other.

True

T/F The tech-centric consulting practices of firms such as Deloitte Consulting and Accenture are larger than the accounting firms where they were initially launched.

True

T/F In an effort to promote much-needed industry diversity, many tech firms and heavy users of tech have launched programs specifically targeted at skills development, hiring of women, and hiring of groups that would foster ethnic diversity of their workforce.

false

The Harvard Business Review declared _______________ the "Sexiest Job of the Twenty-First Century."

data scientist

Search engine marketing (SEM), search engine optimization (SEO), customer relationship management (CRM), and personalization systems are all central components of the new _____ toolkit.

marketing

Moore's Law corollary that is taking place with people, too. As technology becomes faster and cheaper and developments like open source software, cloud computing, software as a service (SaaS), and outsourcing push technology costs even lower, tech skills are being embedded inside ____________ job functions

more

The rise of _____ software has lowered computing costs for start-ups to blue chips worldwide.

open source

Another reason that is 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.

social media

Experts in the area of _____ specialize in technology for competitive advantage.

strategy

Technology experts in the area of _____ work to make sure systems are intuitive and easy to use.

user-interface design