Management 3300 Exam 1-3 Solutions Questions with
Correct Answers
In two decades, the nation of ________ tech sector has grown from
"almost nothing" to a $200 billion industry, expanding even during the
recent global recession
A. Brazil
B. South Korea
C. Nigeria
D. India
E. None of these Correct Answer-D. India
Based on the Chapter 1 video and class discussion on Artificial
Intelligence, what concern(s) was/were mentioned with respect to using
AI to create jobs and recruit candidates?
A. Candidate data privacy
B. Deterioration in entry-level job quality/pay
C. Bias in the application-screening algorithms
D. Both a and b
E. All of these were cited as concerns Correct Answer-E. All of these
were cited as concerns
________________ is/are helping to fuel the current age of fast-growth
technology entrepreneurship. This technology means that a startup can
rent the computing resources one previously had to buy at great expense
A. Crowdsourcing
,B. Cloud computing
C. The Internet of Things
D. App Stores
E. Consignment Correct Answer-B. Cloud computing
The rise of open source software has lowered computing costs for
startup and blue chip companies worldwide
A. True
B. False Correct Answer-A. True
The _____ is a piece of U.S. legislation that raises executive and board
responsibility and ties criminal penalties to certain accounting and
financial violations.
A. Dodd-Frank Act
B. Fair Labor Standards Act
C. Sherman Antitrust Act
D. Norris-LaGaurdia Act
E. Sarbanes-Oxley Act Correct Answer-E. Sarbanes-Oxley Act
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.
A. True
B. False Correct Answer-B. False
,Based on the in-class Excel demonstration, which function was used to
merge data residing in separate columns into a single column?
A. VLOOKUP
B. Concatenate
C. HLOOKUP
D. Text to Columns
E. Pivot Tables Correct Answer-B. Concatenate
Based on the Chapter 1 video/discussion on 3D printing, which of the
following was NOT mentioned as a benefit of 3D printing:
A. Lower transportation costs
B. Manufacturing job increases
C. Faster production times
D. Greater product quality and customization
E. All of these were mentioned as benefits Correct Answer-B.
Manufacturing job increases
Technology experts in the area of process design:
A. Work to make sure systems are easy to use
B. Leverage technology to make firms more efficient
C. Specialize in technology to make firms more efficient
D. Focus on systems dealing with critical business data
, E. Provide direction on technology-related security issues Correct
Answer-B. Leverage technology to make firms more efficient
One contributor to the ease with which young entrepreneurs can have
success is low-cost distribution to massive markets worldwide. This is
enabled by:
A. legacy systems
B. Big data and business analytics
C. Esoko and M-Pesa
D. App Stores
E. Sproxil Correct Answer-D. App Stores
Many firms choose not to implement operational components of
commercially available ERP software and instead elect to create their
own propriety solutions in part because they see their uniqueness in
certain operations areas as key to creating difficult-to-imitate
competitive advantages.
A. True
B. False Correct Answer-A. True
Which of the following statements about technology is true?
A. Technology alone is enough to provide sustainable competitive
advantage to a firm
B. Technology plays a marginal role in creating strategic differences
C. Technological improvements can often be copied by rivals, leading to
a profit-eroding arms race
Correct Answers
In two decades, the nation of ________ tech sector has grown from
"almost nothing" to a $200 billion industry, expanding even during the
recent global recession
A. Brazil
B. South Korea
C. Nigeria
D. India
E. None of these Correct Answer-D. India
Based on the Chapter 1 video and class discussion on Artificial
Intelligence, what concern(s) was/were mentioned with respect to using
AI to create jobs and recruit candidates?
A. Candidate data privacy
B. Deterioration in entry-level job quality/pay
C. Bias in the application-screening algorithms
D. Both a and b
E. All of these were cited as concerns Correct Answer-E. All of these
were cited as concerns
________________ is/are helping to fuel the current age of fast-growth
technology entrepreneurship. This technology means that a startup can
rent the computing resources one previously had to buy at great expense
A. Crowdsourcing
,B. Cloud computing
C. The Internet of Things
D. App Stores
E. Consignment Correct Answer-B. Cloud computing
The rise of open source software has lowered computing costs for
startup and blue chip companies worldwide
A. True
B. False Correct Answer-A. True
The _____ is a piece of U.S. legislation that raises executive and board
responsibility and ties criminal penalties to certain accounting and
financial violations.
A. Dodd-Frank Act
B. Fair Labor Standards Act
C. Sherman Antitrust Act
D. Norris-LaGaurdia Act
E. Sarbanes-Oxley Act Correct Answer-E. Sarbanes-Oxley Act
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.
A. True
B. False Correct Answer-B. False
,Based on the in-class Excel demonstration, which function was used to
merge data residing in separate columns into a single column?
A. VLOOKUP
B. Concatenate
C. HLOOKUP
D. Text to Columns
E. Pivot Tables Correct Answer-B. Concatenate
Based on the Chapter 1 video/discussion on 3D printing, which of the
following was NOT mentioned as a benefit of 3D printing:
A. Lower transportation costs
B. Manufacturing job increases
C. Faster production times
D. Greater product quality and customization
E. All of these were mentioned as benefits Correct Answer-B.
Manufacturing job increases
Technology experts in the area of process design:
A. Work to make sure systems are easy to use
B. Leverage technology to make firms more efficient
C. Specialize in technology to make firms more efficient
D. Focus on systems dealing with critical business data
, E. Provide direction on technology-related security issues Correct
Answer-B. Leverage technology to make firms more efficient
One contributor to the ease with which young entrepreneurs can have
success is low-cost distribution to massive markets worldwide. This is
enabled by:
A. legacy systems
B. Big data and business analytics
C. Esoko and M-Pesa
D. App Stores
E. Sproxil Correct Answer-D. App Stores
Many firms choose not to implement operational components of
commercially available ERP software and instead elect to create their
own propriety solutions in part because they see their uniqueness in
certain operations areas as key to creating difficult-to-imitate
competitive advantages.
A. True
B. False Correct Answer-A. True
Which of the following statements about technology is true?
A. Technology alone is enough to provide sustainable competitive
advantage to a firm
B. Technology plays a marginal role in creating strategic differences
C. Technological improvements can often be copied by rivals, leading to
a profit-eroding arms race
