Exam 6: Social Networking, Mobile Commerce, and Online Auctions

The act of placing a winning bid at the last second is called a(n) _____.

The Dutch auction is also called an ascending-price auction.

A(n) _____ allows individuals to create and publish a profile, create a list of other users with whom they share a connection (or connections), control that list, and monitor similar lists made by other users.

List the supply chain characteristics that support reverse auctions.

In _____ auctions, bidders submit their bids independently and are usually prohibited from sharing information with each other.

A(n) _____ auction is often better for the seller because the bidder with the highest private valuation will not let the bid drop much below that valuation for fear of losing the item to another bidder.

In a double auction, buyers and sellers each submit combined price-quantity bids to an auctioneer.

Modifying an Apple iPhone's operating system is called _____ the phone.

In an eBay auction, a(n) _____ automatically increases a bid to the next highest increment needed to exceed any bid, up to a bidder-specified maximum bid.

People employed by a seller or an auctioneer to make bids on behalf of the seller are called _____.

The lock-in effect makes the task of creating alternative successful general consumer Web sites much easier.

Abstract communities based on the connections between opinions and contributions of community members are called _____ social media.

Phone manufacturers depended on third-party operating system software in the past but are now creating their own operating systems.

In a(n) _____ auction, buyers and sellers each submit combined price-quantity bids to an auctioneer.

In sealed-bid auctions, bidders share information with each other.

On a ____________ site the seller posts an item with a tentative price and the site builds up the number of buyers sufficiently to encourage the seller to offer a quantity discount.

Intra-community interaction among members of a virtual community is called _____.

The earliest written records of auctions are from _____.

The site JustBeads.com is an example of a(n) _____ auction site that caters to buyers and sellers who are geographically dispersed but share highly focused interests.

The most popular and fastest growing third-party mobile operating system is _____.