1. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the advent of Wikipedia and the decline of Encyclopedia Britannica is a result of people placing a lower value on the accuracy of information.

   True

   False

2. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the increasing abundance and accessibility of data will empower the five biggest technology companies.

   True

   False

3. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the idea of large-scale business investment can result in increasing returns to scale and competitive advantage.

   True

   False

4. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the dramatic decline in the cost of communication and information processing are a dramatic decline in the transaction costs that sustain value chains in a business.

   True

   False

5. We learn from Philip Evans in his Ted Talk How Data will Transform Business that complex businesses are composed of complex value chains and these relationships across pieces of the chain reduce transaction costs.

   True

   False

6. According to Marco Alver unfairness within an organization leads to the disengagement of people who work in that organization.

   True

   False

7. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the availability of massive amounts of data in real time and the ability to process this data into useful patterns will further breakdown pieces of the value chain that hold vertically integrated businesses together in their current form.

   True

   False

8. 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

9. 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

10. 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

11. We learn from Philip Evans in his Ted Talk How Data will Transform Business The development and advancement of the internet has reduced transaction costs and the result is less value and stability in vertically integrated business structures.

    True

    False

12. We learn from Philip Evans in his Ted Talk How Data will Transform Business that the origins of formal business strategy come firm the work of Bill Gates and Steve Jobs.

    True

    False

13. According to Marco Alver when people in an organization have a perception that they are being treated unfairly they will work harder at their jobs to prove that they are indeed being treated unfairly.

    True

    False