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

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

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

The _____ is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.

What kind of an impact has technology had in the area of human resources?

Select the accurate statement(s).

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

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

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

Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for expertise beyond their organizations.

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.

Provide a brief overview of the different careers in the area of information systems.

The number of US patent applications awaiting approval has___________ in the past decade.

Social media and mobile phone use are decreasing expectations for corporate ethics and customer service.

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.

Which area of corporate law is connected to technology?

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.

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

Facebook was founded by Sergey Brin.

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.

Aspiring investment bankers should study the tech industry since tech firms represent a large portion of firms selling shares on public stock markets for the first time. This process is known as _____.