INSY 2303 UNIT 8 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
ICT industry Ans✓✓✓is a result of that evolution; a convergence
between IT and telecommunications industry
economic sectors Ans✓✓✓primary (taking raw materials from earth -
agriculture, mining), secondary (manufacturing - textile or auto
industries), tertiary (providing goods or services)
information industry Ans✓✓✓content, computers, and
telecommunications
dot-coms Ans✓✓✓dot-com bubble was fueled by a frenzy of online
business startups called dot-coms
stock market bubble Ans✓✓✓refers to a sharp rise in stock values that is
later followed by a sudden decline
outsourcing Ans✓✓✓the use of components or labor from outside
suppliers
offshoring Ans✓✓✓relocating business processes, manufacturing and
customer support, to lower-cost locations in other countries
, product life cycle (PLC) Ans✓✓✓maps the expected profitability of a
product from its inception to its demise
Moore's law Ans✓✓✓Gordon Moore, co-founder of Intel Corp,
predicted that technological innovation would double the number of
transistors in an integrated circuit every two years without raising its
cost
rogers' bell curve Ans✓✓✓frequently used to describe patterns in the
way consumers adopt technology products; developed by a team of
sociologists including Everett M. Rogers
Gartner Hype Cycle Ans✓✓✓Represents the position of a product
during its life cycle of publicity or "hype"
disruptive technology Ans✓✓✓displaces an existing business process,
market, industry, or product
productivity Ans✓✓✓measurement of the amount of work
accomplished in a given time
GDP Ans✓✓✓gross domestic product- to measure the total output of a
nation
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
ICT industry Ans✓✓✓is a result of that evolution; a convergence
between IT and telecommunications industry
economic sectors Ans✓✓✓primary (taking raw materials from earth -
agriculture, mining), secondary (manufacturing - textile or auto
industries), tertiary (providing goods or services)
information industry Ans✓✓✓content, computers, and
telecommunications
dot-coms Ans✓✓✓dot-com bubble was fueled by a frenzy of online
business startups called dot-coms
stock market bubble Ans✓✓✓refers to a sharp rise in stock values that is
later followed by a sudden decline
outsourcing Ans✓✓✓the use of components or labor from outside
suppliers
offshoring Ans✓✓✓relocating business processes, manufacturing and
customer support, to lower-cost locations in other countries
, product life cycle (PLC) Ans✓✓✓maps the expected profitability of a
product from its inception to its demise
Moore's law Ans✓✓✓Gordon Moore, co-founder of Intel Corp,
predicted that technological innovation would double the number of
transistors in an integrated circuit every two years without raising its
cost
rogers' bell curve Ans✓✓✓frequently used to describe patterns in the
way consumers adopt technology products; developed by a team of
sociologists including Everett M. Rogers
Gartner Hype Cycle Ans✓✓✓Represents the position of a product
during its life cycle of publicity or "hype"
disruptive technology Ans✓✓✓displaces an existing business process,
market, industry, or product
productivity Ans✓✓✓measurement of the amount of work
accomplished in a given time
GDP Ans✓✓✓gross domestic product- to measure the total output of a
nation
