Exam 1: Technology Impacts

Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.

Match each of the following terms to its definition: I. crowdfunding II. crowdsourcing III. cognitive surplus IV. collaborative consumption V. private ownership A. seeking feedback from customers or potential customers B. sharing a good or service efficiently rather than outright owning it C. combination of leisure time and access to tools to be creative D. seeking many donations to raise capital E. owning an item

Crowdsourcing is ________.

Zip Car and Citi Bike are examples of ________.

If each person purchases an item, and then they only use it a small percentage of the time, this is an example of a(n) ________ model.

Web 2.0 is ________.

________ is the concept describing the difference between people who have easy access to technology and those who do not.

Sue bought an expensive audio recorder to complete a project. She only uses it a few times a year so she lists her tool online for others to use for a small fee. Sue is participating in ________.

Which of the following statements is FALSE about a sharing economy?

The combination of leisure time and creativity that has fueled the growth of Web 2.0 is known as ________.

The problems caused by some people having easy access to technology while others do not is the ________.

Which of the following statements is TRUE?

Paying a monthly fee for a software program instead of a one-time purchase price is an example of a(n) ________ service.

Going to the store and purchasing an item that you alone use is an example of a(n) ________ model.

Which statement is TRUE about Web 2.0?

Generating capital to start a business with small donations from many people is known as ________.