Exam 11: Technological Change and Infrastructure

In the context of transportation networks, unlike shipping by sea, transportation of goods by air:

Rita is planning to remodel her house. However, she does not have enough savings and does not wish to borrow from her family members. She chooses to seek the services of peer-to-peer sites. She visits FriendlyGesture, a site that allows people looking to borrow money find appropriate parties who can loan them the required amount at a certain agreed-upon rate. In the process, FriendlyGesture receives a fee of 2 percent of the loan amount. In this scenario, the site FriendlyGesture is a _____.

Selanasia, one of the leading exporting nations in the world, transports its goods via cargo ships. It is a frequent user of the world's largest container ship, which carries 18,000 shipping containers. This large container ship was introduced by Maersk and is called _____.

In the nation of Epson Inc., Sander's Leathers, a large producer of finished leather, and Froyer Leather Goods, a large supplier of leather manufactured goods, work closely. Together, they dominate the leather industry globally. One of the factors that help the companies facilitate the uninterrupted flow of resources and ideas between them is the geographical proximity of the firms. In the given scenario, Sander's Leathers and Froyer Leather Goods form a _____ operating in the leather industry.

Eckon Technologies, a shipping container manufacturer in New York, has received an order for the construction of 600 shipping containers. If the shipping containers have to be standardized as per the Maersk's Triple-E class specifications, Eckon will have to maintain a standard size of _____.

Identify a true statement about the globalization of research and development (R&D).

The nation of Bharodia is extensively involved in global shipping to fulfill its international trading assignments. The invention of standardized shipping containers has helped the traders of Bharodia efficiently accomplish their trading goals. In this scenario, Bharodia has utilized the benefit of shipping container standardization, which has in turn:

Plethoda Inc. has always restricted itself to shipping its leather manufactured goods to other countries by sea. In the context of transportation networks, which of the following statements is true when Plethoda chooses to ship its products by sea?

Heross Plastic Inc. is one of the largest producers of plastic goods and appliances. If it decides to do all its exports by shipping the goods by sea, then it is most likely to:

In the context of international businesses, which of the following statements is true of the physical infrastructure in a given country?

In the context of technology as physical infrastructure, briefly explain the steps taken toward power distribution and storage.

A _____ is a company that helps found and grow new businesses.

Which of the following companies exemplifies a business incubator?

In the context of technology of information infrastructure, a shared economy is also called _____.

NBC OT Corp., a leading tech company, has several offices across the globe with plenty of employees working outside the company premises. The company is in a dilemma whether to continue keeping its organizational data in-house or to move its data storage to the cloud. To make the company data easily accessible to the entire workforce, which of the following facts should be considered by the management when taking a decision?

Fordant Communications, a company based in the United States, works toward the invention of high-end telecommunication devices. Until a year ago, its research and development (R&D) center was based in its headquarters; however, Fordant wishes to move the R&D center to another part of the world. In the context of globalization, which of the following facts should be considered by Fordant Communications while selecting a new location for its R&D center?

In the context of globalization, identify a true statement about research and development (R&D).

Freda has a scooter that she has not been using for a while. Although she is not sure whether she would need it in future, as she recently bought a new car, she does not want to sell her scooter. She considers renting it to be the best alternative. To find people who would like to rent a scooter, she visits an online vehicle-sharing service. Using the website, Freda gets in touch with people who want to rent her scooter at an agreed-upon rate. This scenario exemplifies the system of _____.

Drtu Technologies is a leading media house in the country of Trubha. It has employees who are highly skilled and possess vast technical knowledge about each of the processes that they use in their day-to-day tasks at work. Given the scenario, it can be said that Drtu technologies has a high-quality _____.

The nation of Baltonia uses digital technology to run its administrative and government operations. The nation's research and development team is planning to build an electronic platform that will enable its citizens to file their taxes and health insurance claims. Also, the same platform will enable the people to vote. This electronic platform that Baltonia plans to develop is similar to the electronic platform used in Estonia called _____.