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

The most common format used on eBay is a computerized version of the _____ auction.

In the second wave of electronic commerce, the Internet had become simply a tool that enabled communication among virtual community members.

An auction where visitors describe items or services they want to buy, and a group of participating merchants reply with offers to supply the item at a particular price is called a _____.

In English auctions, bidders risk becoming caught up in the excitement of competitive bidding and then bidding more than their private valuations.This phenomenon is called the _____.

How does proxy bidding work on eBay?

Modifying an Android operating system is called _____ the phone.

The most successful consumer auction Web site today is eBay.

The most common third-party operating systems today are Apple iOS and BlackBerry 10.

If multiple items are being auctioned in a(n) _____ sealed-bid auction, successive lower (next highest) bidders are awarded the remaining items at the prices they bid.

Farmers' cooperatives in the Netherlands use the _____ auction to sell perishable goods such as produce and flowers.

The Internet reduces transaction costs in value chains and offers an efficient means of communication to anyone with an Internet connection.

The types of products that work well for group shopping sites are branded products with well-established reputations.

_____ allows Web pages formatted in HTML to be displayed on devices with small screens.

Describe the operation of a typical auction.

One of the first social shopping sites was craigslist, an information resource for San Francisco area residents that was created in 1995 by WELL member Craig Newmark.

All eBay auctions have a(n) _____, the amount by which one bid must exceed the previous bid.

Cricket Jr.was a mobile operating system software written by David Eccles in 1997.

The 2008 U.S.elections saw the first major use of blogs as a political networking tool.

In-person meetings arranged by people over social networking sites are called meetups.

The New York Stock Exchange conducts _____ auctions of stocks and bonds in which the auctioneer, called a specialist, manages the market for a particular stock or bond issue.