Question 1

Crowdfunding sources capital for a project by raising many small amounts from a large number of individuals, typically via the Internet.

Accepted Answer

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure.

Question 2

Open systems tap into the core knowledge of all employees, partners, and customers.

Accepted Answer

False

Question 3

Open source is any proprietary software licensed under exclusive legal right of the copyright holder.

Accepted Answer

Open source refers to software whose source code is made available for anyone to view, modify, and distribute, under licenses that allow for these freedoms, unlike proprietary software which is restricted and controlled by the copyright holder.

Question 4

Web 2.0 uses a more mature, distinctive communications platform characterized by new qualities such as collaboration, sharing, and free.

Accepted Answer

Web 2.0 represents the evolution of the web into a more interactive and collaborative platform, emphasizing user-generated content, ease of use, participatory culture, and interoperability for end users.

Question 5

Tacit knowledge consists of anything that can be documented, archived, and codified, often with the help of MIS. Examples of tacit knowledge are assets such as patents, trademarks, business plans, marketing research, and customer lists.

Accepted Answer

Tacit knowledge is personal and context-specific; it is hard to formalize and communicate. Examples include personal experience, insights, and intuitions, unlike explicit knowledge, which can be documented and codified.

Question 6

Explicit knowledge is the knowledge contained in people's heads. The challenge inherent in explicit knowledge is figuring out how to recognize, generate, share, and manage knowledge that resides in people's heads.

Accepted Answer

Explicit knowledge is knowledge that is codified and can be easily communicated or shared, such as in documents, databases, or manuals. The challenge described pertains more accurately to tacit knowledge, which is the knowledge that resides in people's heads and is harder to articulate or share.

Question 7

The most common form of collective intelligence found outside the organization is crowdsourcing, or the wisdom of the crowd.

Accepted Answer

Crowdsourcing leverages the collective intelligence of a large group of people (the crowd) to solve problems, generate ideas, or gather information, typically via the internet, making it a common form of collective intelligence utilized outside of organizations.

Question 8

A knowledge management system (KMS) supports the capturing, organization, and dissemination of knowledge (i.e., know-how) throughout an organization. KMS can distribute an organization's knowledge base by interconnecting people and digitally gathering their expertise.

Accepted Answer

A Knowledge Management System (KMS) is indeed designed to help in capturing, organizing, and disseminating knowledge within an organization. It facilitates the sharing of information and expertise among employees, thereby enhancing organizational learning and efficiency.

Question 9

Open source refers to any software whose source code is made available free (not on a fee or licensing basis as in ebusiness) for any third party to review and modify.

Accepted Answer

Open source software is defined by its source code being freely available for anyone to inspect, modify, and distribute. This allows for collaborative development and customization beyond what the original creators offer.

Question 10

User-contributed content (or user-generated content) is created and updated by many users for many users.

Accepted Answer

User-contributed content, also known as user-generated content, is indeed created and updated by many users for the purpose of sharing with many users, often seen on platforms like Wikipedia, social media, and various forums.

Question 11

Source code is software made available free for any third party to review and modify.

Accepted Answer

Source code is the version of software as it is originally written (i.e., typed into a computer) by a human in plain text (i.e., human readable alphanumeric characters). It does not necessarily mean it is available for free or open for third-party review and modification; that would be more accurately described as open-source software.

Question 12

Native advertising sources capital for a project by raising many small amounts from a large number of individuals, typically via the Internet.

Accepted Answer

Native advertising is a form of paid media where the ad experience follows the natural form and function of the user experience in which it is placed, rather than raising capital. Crowdfunding is the correct term for raising capital by collecting small amounts of money from a large number of people, typically via the Internet.

Question 13

The primary objective of knowledge management is to be sure that a company's knowledge of facts, sources of information, and solutions are readily available to all employees whenever it is needed.

Accepted Answer

Knowledge management aims to ensure that an organization's knowledge, including facts, sources of information, and solutions, is easily accessible to all employees when needed, enhancing decision-making and efficiency.

Question 14

Native advertising is an online marketing concept in which the advertiser attempts to gain attention by providing content in the context of the user's experience in terms of its content, format, style, or placement.

Accepted Answer

Native advertising blends with the platform on which it appears, making it look and feel like natural content rather than an overt advertisement, thereby providing a more seamless user experience.

Question 15

An open system consists of nonproprietary hardware and software based on publicly known standards that allows third parties to create add-on products to plug into or interoperate with the system.

Accepted Answer

An open system is designed to be compatible with third-party products, using nonproprietary components and standards that are publicly available, enabling interoperability and the development of add-on products.

Question 16

Closed source is any proprietary software licensed under exclusive legal right of the copyright holder.

Accepted Answer

Closed source software is proprietary software distributed under a licensing agreement to authorized users with private modification, copying, and republishing restrictions.

Question 17

Knowledge can be a real competitive advantage for an organization. The most common form of collective intelligence found inside the organization is knowledge management (KM), which involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions.

Accepted Answer

Knowledge Management (KM) is indeed a common and critical form of collective intelligence within organizations, aimed at efficiently handling information assets to enhance decision-making and actions.

Question 18

Closed source is an online marketing concept in which the advertiser attempts to gain attention by providing content in the context of the user's experience in terms of its content, format, style, or placement.

Accepted Answer

Closed source refers to software whose source code is not freely available for modification or distribution, not an online marketing concept.

Question 19

An open system contains instructions written by a programmer specifying the actions to be performed by computer software.

Accepted Answer

An open system refers to a system that can easily exchange information, energy, or material with its environment. It does not specifically pertain to computer software instructions written by a programmer.

Question 20

User-contributed content is a set of tools that supports the work of teams or groups by facilitating the sharing and flow of information.

Accepted Answer

User-contributed content refers to any form of content such as text, images, videos, and reviews that is created and shared by users of a platform or service, rather than by the platform's owners or content professionals. It does not specifically refer to tools for facilitating team or group work.

Quiz 15: Creating Collaborative Partnerships