Digital Society: Economy (Context)

What is one primary impact of digital tools on businesses?

• Increased isolation from global markets

• Increased reliance on digital tools

• Decreased diversity in the workplace

• Slower communication

How has the digital society changed the nature of work?

• Encouraged longer work cycles

• Decreased the use of digital communication

• Promoted remote and flexible working arrangements

• Reduced the use of video calls and emails

What is a transaction processing system?

• A system for managing digital currencies

• Software for automating marketing tasks

• A system integrating hardware and software to manage sales and purchases

• A platform for remote work and digital nomadism

Which type of digital innovation involves adjusting a product to meet the needs of a wider audience?

• Vertical diversification

• Conglomerate diversification

• Concentric diversification

• Horizontal diversification

The inclusion of diverse demographic groups in the workplace is an example of:

• Discrimination

• Microwork

• Diversification

• Automation

What is a gig economy?

• A job market characterized by long-term contracts

• A system where online platforms facilitate short-term service matching

• A form of crowdsourcing for innovation

• An economy focused on traditional full-time employment

Which term describes the practice of outsourcing to individuals who perform short-term tasks?

• Remote work

• Crowdsourcing

• Microwork

• Vertical integration

What is the key characteristic of a cashless society?

• Limited access to banking

• Digital and mobile transactions over physical cash

• High reliance on physical currency

• Absence of e-commerce transactions

Which type of diversification involves adding a product complementary to the core business?

• Vertical

• Conglomerate

• Concentric

• Horizontal

Crowdfunding helps startups primarily by:

• Hiring employees through microwork

• Gathering small financial contributions from a large group

• Conducting market research

• Competing with large corporations