How Has Technology Affected Small Entrepreneurs

question 21

Multiple Choice

How has technology affected small entrepreneurs?

• A) Due to the high cost of technology, entrepreneurs cannot compete effectively with large corporations.
• B) New companies avoid the information technology industry because it is already saturated.
• C) Technology affects Internet-based companies only.
• D) Technology has levelled the playing field to the point that small companies can compete with big companies like IBM.

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Definitions:

Marascuilo Procedure

The Marascuilo Procedure is a statistical method used to simultaneously compare proportions among multiple groups to identify significant differences.

Uniform Distribution

A distribution in which all outcomes are equally likely; a flat distribution where every value has the same probability.

Expected Frequency

The theoretical number of times an outcome is anticipated to occur in a statistical experiment based on the total number of observations and the probabilities of outcomes.

Uniformly Distributed

Describes a distribution where all outcomes are equally likely to occur.