SCDC Cluster Exam Latest
Update
Tort - Answer Wrongful act that causes harm
Antitrust - Answer Laws that prevent monopolies and promote competition and fairness
Multitasking - Answer Using more than one software program at a time
Multiprocessing - Answer Multiple computers can access the same program
Multithreading - Answer Different components of one program run at the same time
Term insurance - Answer Temporary coverage, simple and inexpensive
Permanent insurance - Answer Permanent coverage, more expensive, can withdraw
cash
Two types: whole-life and universal
Whole-life insurance - Answer Type of permanent insurance
Costs most, accumulates lots of cash
Universal insurance - Answer Type of permanent insurance
Flexible, can change premiums and benefits
Affinity fraud - Answer Ponzi/pyramid scheme
Sales invoice - Answer Bill from seller
Discovery-oriented decision problem - Answer What or why question
Strategy-oriented decision problem - Answer How or which question
Convenience sampling - Answer Pick people who are conveniently available
Judgement sampling - Answer Pick people who have knowledge/expertise
Quota sampling - Answer Pick people until target population is represented enough
Snowball sampling - Answer Like chain mail, respondents refer survey to other people
Quota - Answer Fixed amount
Point-of-sale scanners - Answer Self checkout machines
, Sugging - Answer Selling under the guise of research
Frugging - Answer Fund raising under the guise of research
Descriptive statistics - Answer Summarized, basic features of sample data in a study
Lateral thinking - Answer Purposely illogical thinking
Arbitration - Answer 3rd party steps in to resolve a dispute
Push money - Answer Incentives to motivate sellers and distributors
Ex: vacation competition
Affinity marketing - Answer Partnership to provide goods, business allows other
company to use its brand/audience
Affiliate marketing - Answer Promoting another business's products for money
Ex: youtube sponsorships
Excise tax - Answer Sin tax for nonessential products, built-in
Dissonance-reducing buying - Answer Buying expensive items infrequently, caring
about quality vs brand
Misrepresentation - Answer Making a false statement to someone else to make them
behave a certain way
Consolidation - Answer 2 companies join to form a new company
Merger - Answer 1 company consumes another company
Legally-binding contract - Answer Something of value is exchanged, both parties agree
with the contract terms
Audit - Answer Review or assessment of something (usually government-related)
Fiduciary - Answer Trusted administrator
Bond - Answer Investment loan
Stipend - Answer Fixed amount of money paid as a salary or allowance
Lobbyists - Answer Employees that try to influence legislative bodies (like lawyers)
Petty cash - Answer Business money to be used for buying small items the business may
need
Cease-and-desist order - Answer Demand to require advertiser to stop running an ad
Affirmative disclosure - Answer Advertiser is ordered to include product information
Update
Tort - Answer Wrongful act that causes harm
Antitrust - Answer Laws that prevent monopolies and promote competition and fairness
Multitasking - Answer Using more than one software program at a time
Multiprocessing - Answer Multiple computers can access the same program
Multithreading - Answer Different components of one program run at the same time
Term insurance - Answer Temporary coverage, simple and inexpensive
Permanent insurance - Answer Permanent coverage, more expensive, can withdraw
cash
Two types: whole-life and universal
Whole-life insurance - Answer Type of permanent insurance
Costs most, accumulates lots of cash
Universal insurance - Answer Type of permanent insurance
Flexible, can change premiums and benefits
Affinity fraud - Answer Ponzi/pyramid scheme
Sales invoice - Answer Bill from seller
Discovery-oriented decision problem - Answer What or why question
Strategy-oriented decision problem - Answer How or which question
Convenience sampling - Answer Pick people who are conveniently available
Judgement sampling - Answer Pick people who have knowledge/expertise
Quota sampling - Answer Pick people until target population is represented enough
Snowball sampling - Answer Like chain mail, respondents refer survey to other people
Quota - Answer Fixed amount
Point-of-sale scanners - Answer Self checkout machines
, Sugging - Answer Selling under the guise of research
Frugging - Answer Fund raising under the guise of research
Descriptive statistics - Answer Summarized, basic features of sample data in a study
Lateral thinking - Answer Purposely illogical thinking
Arbitration - Answer 3rd party steps in to resolve a dispute
Push money - Answer Incentives to motivate sellers and distributors
Ex: vacation competition
Affinity marketing - Answer Partnership to provide goods, business allows other
company to use its brand/audience
Affiliate marketing - Answer Promoting another business's products for money
Ex: youtube sponsorships
Excise tax - Answer Sin tax for nonessential products, built-in
Dissonance-reducing buying - Answer Buying expensive items infrequently, caring
about quality vs brand
Misrepresentation - Answer Making a false statement to someone else to make them
behave a certain way
Consolidation - Answer 2 companies join to form a new company
Merger - Answer 1 company consumes another company
Legally-binding contract - Answer Something of value is exchanged, both parties agree
with the contract terms
Audit - Answer Review or assessment of something (usually government-related)
Fiduciary - Answer Trusted administrator
Bond - Answer Investment loan
Stipend - Answer Fixed amount of money paid as a salary or allowance
Lobbyists - Answer Employees that try to influence legislative bodies (like lawyers)
Petty cash - Answer Business money to be used for buying small items the business may
need
Cease-and-desist order - Answer Demand to require advertiser to stop running an ad
Affirmative disclosure - Answer Advertiser is ordered to include product information
