Chapter 1

Question 1

A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action.

Answer 1

Internet of Things (IoT)

Question 2

Also known as Sarbox or SOX; U.S. legislation enacted in the wake of the accounting scandals of the early 2000s. The act raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations. Although often criticized, SOX is also seen as raising stakes for mismanagement and misdeeds related to a firm’s accounting practices.

Answer 2

Sarbanes-Oxley Act

Question 3

Initial public stock offering, the first time a firm makes shares available via a public stock exchange, also known as “going public.”

Answer 3

IPO