Question 1

The situation where some people have access to modern information technology and others do not has been given the label "."

Accepted Answer

the digital divide

Question 2

When one store stays open late to gain an advantage, its competitors begin to stay open late, too. At this point the first store is no better off than it was before, but now every store has additional expenses. This illustration is an example of what Frank and Cook call a

Accepted Answer

A)   capitalistic marathon.
B)   market economy.
C)   positional arms race.
D)   struggle for parity.
E)   virtual conflict. Answers to the Multiple-choice Questions C

Question 3

Productivity in the United States doubled between 1945 and 1990. However, the work week didn't get shorter because

Accepted Answer

A)   income taxes were raised.
B)   the standard of living increased.
C)   corporate downsizing reduced the number of people in the workforce.
D)   the pay of CEOs skyrocketed.
E)   taxes doubled between 1945 and 1990. B

Question 4

In 2001 Swedish appliance maker Electrolux introduced a domestic robotic .

Accepted Answer

The answer of In 2001 Swedish appliance maker Electrolux introduced...

Question 5

Many software jobs are moving from the United States to India because India has many qualified computer programmers and .

Accepted Answer

The answer of Many software jobs are moving from the...

Question 6

According to the Encyclopedia of Computer Science, a "programmable machine that either in performance or appearance imitates human activities" is called a

Accepted Answer

A)   computer.
B)   deltoid.
C)   mechano.
D)   robot.
E)   transformer.

Question 7

In 1997 IBM supercomputer Deep Blue defeated world champion Gary Kasparov playing the game of .

Accepted Answer

The answer of In 1997 IBM supercomputer Deep Blue defeated...

Question 8

Artificial intelligence is the field of computer science and engineering that focuses on ways to get machines to exhibit

Accepted Answer

A)   consciousness.
B)   ethical behavior.
C)   intelligent behavior.
D)   philosophical insights.
E)   scientific breakthroughs.

Question 9

In some markets a few top performers receive a disproportionate share of the rewards. Frank and Cook call this phenomenon

Accepted Answer

A)   capitalism.
B)   inevitable.
C)   liberalism.
D)   socialism.
E)   the winner-take-all effect.

Question 10

The process by which a new technology is assimilated into a society is called

Accepted Answer

A)   cultural relativism.
B)   globalization.
C)   IT leverage.
D)   social receptivity index.
E)   technological diffusion.

Question 11

A personal AI is

Accepted Answer

A)   an intelligent machine inexpensive enough for an individual to purchase it.
B)   an intelligent machine devoted to serving an individual human being.
C)   a computer capable of beating human beings at games such as chess.
D)   a software program, not an actual physical object.
E)   a machine conscious of its own existence.

Question 12

In 1997 IBM supercomputer Deep Blue

Accepted Answer

A)   defeated world chess champion Gary Kasparov in a six-game match.
B)   proved the existence of God.
C)   drove a minivan across the United States.
D)   designed the Pentium chip.
E)   replaced John O'Leary as Chief Financial Officer of IBM.

Question 13

Robert Frank and Philip Cook have explored markets where a few top performers receive a disproportionate share of the rewards. They call them markets.

Accepted Answer

The answer of Robert Frank and Philip Cook have explored...

Question 14

The percentage of American workers involved in the industry has dropped from 35 percent in 1947 to 10 percent in 2009.

Accepted Answer

The answer of The percentage of American workers involved in...

Question 15

The phrase "digital divide" refers to the situation where

Accepted Answer

A)   some people have access to information technology and others do not.
B)   users of Macintosh computers are at a disadvantage compared to users of Windows computers.
C)   only stockholders in high-tech companies can get rich in the new economy.
D)   the U.S. government prevents information technology from being exported to "unfriendly" countries.
E)   the prices of computers are kept artificially high in order to keep them out of the hands of people in Third World countries.

Question 16

Supply-chain automation

Accepted Answer

A)   streamlines organizations by eliminating transactional middlemen.
B)   is one way Dell Computer keeps its costs low.
C)   links computers at different companies.
D)   All of the above
E)   None of the above

Question 17

The first people to adopt a new technology are those who have more money. As the technology matures, its price drops dramatically, enabling more people to acquire it. This process is called .

Accepted Answer

The answer of The first people to adopt a new...

Question 18

An arrangement where employees spend a significant portion of their work day at a distance from the employer or traditional place of work is called .

Accepted Answer

The answer of An arrangement where employees spend a significant...

Question 19

Productivity in the United States doubled between 1948 and 1990. This productivity increase translated into a higher for the average American.

Accepted Answer

The answer of Productivity in the United States doubled between...

Question 20

In 2011 a program named Watson running on an IBM supercomputer

Accepted Answer

A)   decoded the human genome for the first time.
B)   became the first computer program to take the job of a software engineer.
C)   won the World Crossword Puzzle Championship sponsored by The New York Times.
D)   defeated the two most successful human Jeopardy! champions in a three-game match.
E)   passed the Turing Test in a competition sponsored by the Association for Computing Machinery.

Exam 10: Work and Wealth