1. Based the talk by Alexander Wagner we learn that a protected value is a value that you are willing to pay to uphold.

   True

   False

2. We learn from Philip Evans in his Ted Talk How Data will Transform Business that Michael Porter formalized the idea that a business is composed of value chains which are more that exist because these chains are more efficient than markets for each component of the chain.

   True

   False

3. We learn from Philip Evans in his Ted Talk How Data will Transform Business that advances in communication and the abundance of data and the accessibility of data will have a profound affect on the organization of businesses.

   True

   False