Question 1

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 as software that is freely accessible, and allows users to modify the source code and redistribute it in modified or unmodified form. This is in contrast to closed source or proprietary software which generally does not allow users to modify or redistribute the code.

Question 2

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 3

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 popular way of raising capital for a project by collecting small contributions from a large group of people, often through social media and online platforms.

Question 4

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 knowledge that cannot be easily documented or transferred, such as skills, experience, and intuition. Examples of tacit knowledge include a chef's secret recipe, a musician's ability to improvise, or a teacher's pedagogical methods. The assets given in the statement are more examples of explicit knowledge, which can be documented and transferred.

Question 5

Web 2.0 is the next generation of Internet that uses a more mature, distinctive communications platform characterized by new qualities such as collaboration, sharing, and free.

Accepted Answer

This statement is true. Web 2.0 refers to a shift in the way people use the Internet, with a focus on user-generated content, social networking, and collaboration. It is characterized by the use of various tools and technologies that allow users to create, share, and collaborate on content.

Question 6

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 refers to a type of paid media that looks and functions like the surrounding content. The above statement describes crowdfunding, which is a different concept. Crowdfunding is a way of raising capital for a project by receiving many small amounts of money from a large number of individuals, usually through online platforms.

Question 7

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

This is the definition of an open system.

Question 8

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 9

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

Accepted Answer

Crowdsourcing is the most common form of collective intelligence found outside the organization, where individuals contribute their knowledge, skills, and resources to achieve a common goal.

Question 10

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

Accepted Answer

User-contributed content is content that is created and updated by users for other users to consume. Examples include social media posts, online reviews, and comments on blogs or forums.

Question 11

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 12

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 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

The statement is true.

Question 14

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

This statement accurately describes the purpose and functionality of a knowledge management system (KMS).

Question 15

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.

Question 16

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

The statement accurately describes the concept of native advertising.

Question 17

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

Accepted Answer

Open source refers to software that is licensed with certain permissions and rights granted to the users, which include the ability to use, modify and distribute the software freely. Proprietary software is the opposite of open source, where the copyright holder has exclusive legal rights over the software and restricts the user's ability to modify or distribute it without their permission.

Question 18

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 is a way to leverage an organization's collective intelligence by managing information assets to inform effective decision-making and actions. This can provide a competitive advantage by enabling the organization to make more informed decisions and act more quickly and efficiently than competitors who lack such knowledge management practices.

Question 19

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

Accepted Answer

The answer of Open systems tap into the core knowledge...

Question 20

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

Accepted Answer

Closed source software is owned and licensed by its copyright holder, limiting its use and modification to the terms specified in the license agreement. Users are not granted access to its source code and are often required to pay a fee or purchase a license to use the software.

Quiz 15: Creating Collaborative Partnerships