CIS 105 FINAL Questions & Answers 100% Accurate!

Metcalfe's Law - ANSWERSstates the effect of a telecommunications network is proportional to the square of the number of connected users of the system. Network Effect - ANSWERS(also called network externality or demand-side economies of scale) is the positive effect described in economics and business that an additional user of a good or service has on the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it. Total Cost of Ownership - ANSWERSis a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Two-sided Market - ANSWERSalso called a two-sided network, is an intermediary economic platform having two distinct user groups that provide each other with network benefits. The organization that creates value primarily by enabling direct interactions between two (or more) distinct types of affiliated customers is called a multi-sided platform (MSP). Positive Feedback - ANSWERSis a process that occurs in a feedback loop in which the effects of a small disturbance on a system include an increase in the magnitude of the perturbation. Monopoly - ANSWERSexists when a specific person or enterprise is the only supplier of a particular commodity Viral Marketing - ANSWERSviral advertising is a business strategy that uses existing social networks to promote a product. Its name refers to how consumers spread information about a product with other people in their social networks, much in the same way that a virus spreads from one person to another. Open Source Software (OSS) - ANSWERSis a type of computer software in which source code is released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose. Virtualization - ANSWERSrefers to the act of creating a virtual version of something, including virtual computer hardware platforms, storage devices, and computer network resources. Heartbleed - ANSWERSis a security bug in the OpenSSL cryptography library, which is a widely used implementation of the Transport Layer Security (TLS) protocol. It was i