Exam Name___________________________________ TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Internet advertising is growing at a rate of more than 25 percent a year. Answer: True False 2) Netbooks are emerging as a growing presence in the PC marketplace, often using open-source software. Answer: True False 3) Cloud computing platform is a flexible collection of computers on the Internet designed to perform tasks traditionally performed on corporate computers. Answer: True False 4) Digital firms sense and respond to their environments far more rapidly than traditional firms, giving them more flexibility to survive in turbulent times. Answer: True False 5) Information technology (IT) can be defined technically as a set of interrelated components that collect, process, store, and distribute information to support decision making and control in an organization. Answer: True False 6) Private intranets extended to authorized users outside the organization are called intranets. Answer: True False 7) The World Wide Web is the exact same thing as the Internet. Answer: True False 8) As managers, most students will work for firms that are intensively using information systems and making large investments in information technology. Answer: True False 9) Cell phones, BlackBerrys, iPhones, e-mail, and online conferencing over the Internet have not yet become essential tools of business. Answer: True False 10) Supply chains have become more fast paced, with companies of all sizes depending on just-in-time inventory to reduce their overhead costs and get to market faster. Answer: True False 11) New industries appear, old ones decline, and successful firms are those that learn how to use the new technologies. Answer: True False 12) Less powerful data analytics and interactive dashboards provide real-time performance information to managers to enhance management control and decision making. Answer: True False 13) Managers adopt millions of mobile tools such as smartphones and mobile Internet devices to accelerate decision making and improve performance
False 14) ______
14) Web 2.0 applications are not widely adopted by firms Answer: True False 15) In 2005, journalist Thomas Friedman wrote an influential book declaring the world was now "flat," by which he meant that the Internet and global communications had greatly increased the economic and cultural advantages of developed countries. Answer: True False 16) In the past decade, Canada gained many manufacturing jobs from offshore, low-wage producers. Answer: True False 17) The emergence of the Internet into a full-blown international communications system has drastically increased the costs of operating and transacting on a global scale. Answer: True False 18) The critical feature of videoconferencing is the digital compression of audio and video streams by a device called a codec. Answer: True False 19) The top-of-the-line videoconferencing technology is known as telepresence. Answer: True False 20) Middle management makes long-range strategic decisions about products and services and ensures the financial performance of the firm. Answer: True False 21) Production or service workers actually produce the product and deliver the service Answer: True False 22) Business organizations are hierarchies consisting of three principal levels: senior management, middle management, and operational management. Answer: True False 23) Developing a new product, fulfilling an order, or hiring a new employee are examples of business processes. Answer: True False 24) Recent research on business information technology investment indicates that firms that support their technology investments with investments in complementary assets. Answer: True False 25) The value of...