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MAS 101: Exam 1 2025/2026 Exam
Questions and Correct Answers | New
Update
folk culture - 🧠 ANSWER ✔✔traditional practices held by a small, homogenous
group living in an isolated area
subculture - 🧠 ANSWER ✔✔coexist with the dominant culture; exist in opposition
to the dominant culture
popular culture - 🧠 ANSWER ✔✔cultural texts, artifacts, and practices which are
attractive to large numbers of people; are often mass produced on a global scale
high culture - 🧠 ANSWER ✔✔"elite" culture; Opera, art, philosophy, classical
literature
middle culture - 🧠 ANSWER ✔✔many daily newspapers, National Public Radio,
Oprah, CNN
low culture - 🧠 ANSWER ✔✔"popular" culture; Soap operas, comic books, rock
music, video games and most TV
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COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 2
modernism - 🧠 ANSWER ✔✔an attitude shaped by rationality, the scientific
method, and the ethos of individualism; 1800s-1950's
postmodernism - 🧠 ANSWER ✔✔an attitude shaped by the information age,
popular culture, mobility, and the ethos of collaboration; 1950's-present day
digitilization - 🧠 ANSWER ✔✔a technical specification describing the way media
are recorded and/or transmitted
public goods - 🧠 ANSWER ✔✔public goods are not destroyed or used up in the
process of consuming them; "non-rivalrous"
experience goods - 🧠 ANSWER ✔✔consumer cannot fully assess an "experience
good" until purchasing or consuming it
economies of scale - 🧠 ANSWER ✔✔the average cost - and marginal cost - of a
commodity decreases with expansion of production output
the long tail - 🧠 ANSWER ✔✔in media/information industries, 80% of the profits
are made from 20% of the products
value proposition - 🧠 ANSWER ✔✔1. rights to valuable content
2. brilliant original idea
3. brilliant derivative idea
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
MAS 101: Exam 1 2025/2026 Exam
Questions and Correct Answers | New
Update
folk culture - 🧠 ANSWER ✔✔traditional practices held by a small, homogenous
group living in an isolated area
subculture - 🧠 ANSWER ✔✔coexist with the dominant culture; exist in opposition
to the dominant culture
popular culture - 🧠 ANSWER ✔✔cultural texts, artifacts, and practices which are
attractive to large numbers of people; are often mass produced on a global scale
high culture - 🧠 ANSWER ✔✔"elite" culture; Opera, art, philosophy, classical
literature
middle culture - 🧠 ANSWER ✔✔many daily newspapers, National Public Radio,
Oprah, CNN
low culture - 🧠 ANSWER ✔✔"popular" culture; Soap operas, comic books, rock
music, video games and most TV
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 2
modernism - 🧠 ANSWER ✔✔an attitude shaped by rationality, the scientific
method, and the ethos of individualism; 1800s-1950's
postmodernism - 🧠 ANSWER ✔✔an attitude shaped by the information age,
popular culture, mobility, and the ethos of collaboration; 1950's-present day
digitilization - 🧠 ANSWER ✔✔a technical specification describing the way media
are recorded and/or transmitted
public goods - 🧠 ANSWER ✔✔public goods are not destroyed or used up in the
process of consuming them; "non-rivalrous"
experience goods - 🧠 ANSWER ✔✔consumer cannot fully assess an "experience
good" until purchasing or consuming it
economies of scale - 🧠 ANSWER ✔✔the average cost - and marginal cost - of a
commodity decreases with expansion of production output
the long tail - 🧠 ANSWER ✔✔in media/information industries, 80% of the profits
are made from 20% of the products
value proposition - 🧠 ANSWER ✔✔1. rights to valuable content
2. brilliant original idea
3. brilliant derivative idea
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
