Answer:
The statement "with the advent of cloud computing and SaaS, smaller firms no longer have access to the kinds of sophisticated computing power they had access to in the past" is false (F).
Cloud computing and Software-as-a-Service (SaaS) have actually leveled the playing field for smaller firms, providing them with increased access to sophisticated computing power that was previously only available to larger organizations. By leveraging cloud-based services, smaller firms can now access scalable computing resources, advanced software applications, and infrastructure without the need for significant upfront investments in hardware and infrastructure.
Cloud computing allows businesses, including smaller firms, to benefit from the flexibility, cost-effectiveness, and scalability of shared computing resources. They can utilize powerful computing infrastructure and advanced software capabilities on-demand, paying for only the resources they use. This empowers smaller firms to compete effectively in the digital age and leverage cutting-edge technologies without the need for substantial capital investments.
Therefore, the statement is false, as cloud computing and SaaS have expanded access to sophisticated computing power for smaller firms rather than limiting it.