Question 1

How are entrepreneurs in sub-Saharan Africa leveraging technologies to serve local needs? Give examples.

Accepted Answer

Ghanaian firm Esoko leverages mobile phones to empower the agrarian poor with farming info and commodity pricing, raising incomes and lowering the chance of exploitation by unscrupulous middlemen. The firm Sproxil uses text message verification to save lives by fighting drug counterfeiting in developing nations around the world. Kenya's M-PESA and Somaliland's Zaad use text messages to replace cash, bringing the safety and speed of electronic payment and funds transfer to the unbanked and leveraging mobile money at rates that far outstrip any nation in the West.

Question 2

In two decades, the nation of ________ tech sector has grown from "almost nothing" to a $120 billion industry, expanding even during the recent global recession.

Accepted Answer

India's

Question 3

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

Kenya is renowned for its mobile money system, M-Pesa, which has revolutionized the way money is transferred, making it a global leader in mobile money usage. Somaliland also has a high adoption rate of mobile money services.

Question 4

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

China is home to several large publicly traded Internet firms, including Alibaba, which held the title for the largest IPO of all time when it went public in 2014.

Question 5

Select the accurate statement(s). 1) The world's most valuable retailer, China's Alibana, also carries the world's largest product inventory.
2) Uber, the world's largest taxi service, owns no vehicles for hire.
3) Airbnb, the world's largest accommodation provider, owns several major hotel corporations
4) Facebook, does not create media content.

Accepted Answer

2) Uber operates as a platform connecting drivers with passengers, without owning the vehicles. 4) Facebook is a social media platform that primarily distributes content created by its users, rather than producing its own media content.

Question 6

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 7

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?:

Accepted Answer

The tool on the International Space Station was acquired by printing it on-demand using 3D printing technology. This demonstrates the advanced capabilities and practical applications of 3D printing in space exploration, allowing astronauts to produce tools and parts as needed directly on the ISS.

Question 8

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 generally do not require founders to give up ownership stakes. Instead, they allow founders to raise funds by pre-selling products or offering rewards.

Question 9

Some of the radical changes brought about by new technologies include:

Accepted Answer

New technologies have significantly impacted security and espionage, creating new threats and challenges that were previously unprecedented. This includes cyber threats, data breaches, and the use of technology for espionage activities.

Question 10

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

The answer of Tech firms are among the best performing...

Question 11

____________________ 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 12

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

Apple's App Store generates significant revenue, enough that if it were a standalone company, its earnings would qualify it to be listed among the Fortune 500 companies. This is due to the vast number of transactions and the high volume of app sales and in-app purchases.

Question 13

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 14

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 15

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

Accepted Answer

Open source software is freely available and can be modified and shared, reducing the need for companies to invest in expensive proprietary software licenses, thus lowering computing costs.

Question 16

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

Accepted Answer

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

Question 17

_____ 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 18

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 19

Data analytics and business intelligence are driving discovery and innovation.

Accepted Answer

Data analytics and business intelligence tools analyze complex data sets to reveal patterns, trends, and insights, which can lead to new discoveries and innovations in various fields, including business, healthcare, and technology.

Question 20

How has social media emerged as a catalyst for global social change?

Accepted Answer

The answer of How has social media emerged as a...

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