Exam 10: The Impact of Web 2.0 and Social Media on Business Processes

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A book publisher uses an online portal to sell its books. Out of every thousand customers who visit the portal, a hundred read reviews of the books and twenty place orders. What is the conversion ratio of this Web portal?

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What are the benefits of building social capital?

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Wikipedia and Digg are examples of sharing social media sites.

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A company discovers that its Facebook page contains numerous complaints from customers about its products. Which of the following is likely to be the best response to such criticism?

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Explain how B2C businesses can benefit from using Web 2.0 applications such as Google Analytics.

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Publicly available content created by end users is referred to as user-generated content.

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Businesses use social media to help integrate organizational processes.

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Establishing listening platforms to track mentions of products and brands on social media sites is referred to as crowdsourcing.

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Explain the difference between traditional software and Web 2.0 in terms of their goals.

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Organizations run the risk of unfavorable customer reviews when using Web 2.0 technology.

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Responding to user content problems is best reserved for when the problematic content has caused the organization to do something positive as a result.

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Web 2.0 is better suited to support operational processes than dynamic business processes.

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Which of the following should a company delete from its social media page?

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When conducting social media promotions, it is important to develop a reward mechanism to give status to contributors.

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Social media is any Web application that depends on user-generated content.

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Which of the following is a major objective of building social capital?

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New versions of traditional applications are released more frequently than Web 2.0 applications.

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________ refers to the investment in social relations with the expectation of benefits in the marketplace.

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________ social media sites, such as blogs and YouTube, emphasize contributions from users in the form of messages and videos.

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List the major risks associated with user content.

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