Digital Society Revision (Contexts)

What is crowdsourcing?

• A method for raising money from a large number of people.

• The practice of obtaining information or work from a large, undefined group of people over the internet.

• A term for short-term projects completed quickly for payment.

• A system where assets or services are shared between individuals.

Which type of business diversification involves a company entering a new market or industry that is separate from its existing operations?

• Horizontal

• Vertical

• Concentric

• Conglomerate

The gig economy is a labor market characterized by:

• Full-time, long-term employment.

• The sharing of assets and services between individuals.

• The use of online platforms to match short-term service providers with clients.

• Employees working permanently from a remote location.

A Digital Nomad is best described as a person who:

• Works for a company that relies heavily on automation.

• Is constantly traveling and working remotely, not tied to a specific location.

• Uses crowdfunding to start a new business venture.

• Performs microwork for short-term payments.

Which system centralizes data, communications, and facilitates collaboration within a business?

• Transaction processing system

• Crowdsourcing

• Office automation system

• Gig economy

The economic context in a digital society is solely focused on how technology impacts employment.

• TRUE

• FALSE

The shift to a cashless society is a topic discussed within the economic context.

• TRUE

• FALSE

Vertical diversification is when a company adds products or services that are complementary to its core business.

• TRUE

• FALSE

Globalization has been slowed down by digital communication tools.

• TRUE

• FALSE

Microwork is the practice of raising seed money for a new company.

• TRUE

• FALSE