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:

Line Power Supply

The primary source of electrical energy for a system, typically connected directly to utility service lines.

PLC Programs

Sequences of instructions written for a programmable logic controller (PLC) to direct the operation of machinery or processes.

Flash EEPROM

A type of non-volatile memory chip that can be electronically erased and reprogrammed, commonly used for storing firmware or settings that might need to be updated.

EEPROM

EEPROM, or Electrically Erasable Programmable Read-Only Memory, is a type of non-volatile memory used in computers and other devices to store small amounts of data that must be saved when power is removed.