Exam 11: Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

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When others take advantage of a user or a service without providing any sort of reciprocal benefit, it is called localization.

(True/False)
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Mark Zuckerberg, the founder of Facebook, ensured that he remained in control of the firm even after it went public by:

(Multiple Choice)
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Software that is free and whose code can be accessed and potentially modified by anyone is referred to as _____.

(Multiple Choice)
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Which of the following statements holds true of network effects?

(Multiple Choice)
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Analysts are so bullish on Facebook's mobile advertising prospects because

(Multiple Choice)
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Third-party Web sites can choose to accept a user's Facebook credentials to allow the user to access their content.

(True/False)
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Which of the following issues raises advertiser concerns on promoting products and services on social networking sites?

(Multiple Choice)
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"Users want some semblance of control over their personal data, even if they are not bothered to manage it." This is often known as:

(Multiple Choice)
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Facebook acquired WhatsApp for $_________

(Short Answer)
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Facebook has offered a system where Web site operators can choose to accept a user's Facebook credentials for logging in. Web site operators appreciate this feature because:

(Multiple Choice)
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Write a brief note on the factors that have led to the spectacular growth of advertising on Facebook.

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Facebook (and other apps the firm owns) collectively represent the largest photo-sharing service on the Web, ahead of Picasa, Flickr, and Photobucket, even though all of these other efforts got started before Facebook.

(True/False)
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_____ is a term used to describe each time an ad is served to a user for viewing.

(Short Answer)
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Discuss the controversies that were caused by Facebook's Beacon program and the new terms of service. What implications did these incidents have for the firm?

(Essay)
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In the context of Facebook's business strategy, the walled garden refers to the connections between individuals and organizations.

(True/False)
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Facebook's acquisition of WhatsApp was a way for Zuckerberg's firm to gain leadership in the fast-growing mobile messaging market.

(True/False)
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Why is Sheryl Sandberg considered to be the copilot of Facebook?

(Essay)
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One of Facebook's key resources for competitive advantage is:

(Multiple Choice)
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How is Facebook partnering with third-party data providers to improve ad targeting?

(Essay)
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Facebook purchased Oculus VR because, like Zuckerberg, the firm's youthful founder had already built a platform with a massive customer base.

(True/False)
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