Reading 8 Flashcards
(10 cards)
Q1: One way automation can lead to the creation of new jobs is by:
* Producing products quicker, thus shortening the work week.
* Consuming fewer resources, thus improving the environment.
* Reducing the price of a product, thus increasing people’s real income.
* All of the above.
Reducing the price of a product, thus increasing people’s real income.
Q2: In medieval England, when wages went up:
* More children joined the labor force.
* More women joined the labor force.
* Workers put in fewer hours.
* A, B, and C.
Workers put in fewer hours.
Q4: In 1997 IBM supercomputer Deep Blue:
* Defeated world chess champion Gary Kasparov in a six-game match.
* Proved the existence of God.
* Designed the Pentium chip.
* Replaced John O’Leary as Chief Financial Officer of IBM.
Defeated world chess champion Gary Kasparov in a six-game match.
Q3: According to sociologist Max Weber, the growth of capitalism was stimulated by a new attitude toward work brought about by:
* The Industrial Revolution.
* The Protestant Reformation.
* The English Civil War.
* The Lisbon earthquake of 1755.
The Protestant Reformation.
Q5: In 2011 a program named Watson running on an IBM supercomputer:
* Decoded the human genome for the first time.
* Became the first computer program to take the job of a software engineer.
* Won the World Crossword Puzzle Championship sponsored by The New York Times.
* Defeated the two most successful human Jeopardy! champions in a three-game match.
Defeated the two most successful human Jeopardy! champions in a three-game match.
Q7: Supply-chain automation:
* Streamlines organizations by eliminating transactional middlemen.
* Is one way Dell Computer keeps its costs low.
* Links computers at different companies.
* All of the above.
All of the above.
Q6: A personal AI is:
* An intelligent machine inexpensive enough for an individual to purchase it.
* An intelligent machine devoted to serving an individual human being.
* A computer capable of beating human beings at games such as chess.
* A machine conscious of its own existence.
A machine conscious of its own existence.
Q8: The phrase “digital divide” refers to the situation where:
* Some people have access to information technology and others do not.
* Users of Macintosh computers are at a disadvantage compared to users of Windows computers.
* Only stockholders in high-tech companies can get rich in the new economy.
* The prices of computers are kept artificially high in order to keep them out of the hands of people in Third World countries.
Some people have access to information technology and others do not.
Q9: In some markets a few top performers receive a disproportionate share of the rewards. Frank and Cook call this phenomenon:
* Capitalism.
* Inevitable.
* Liberalism.
* The winner-take-all effect.
The winner-take-all effect.
Q10: 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:
* Capitalistic marathon.
* Market economy.
* Positional arms race.
* Struggle for parity.
Positional arms race.
