CIS105 PRACTICE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS | ALREADY GRADED A+<RECENT VERSION>

CIS105 PRACTICE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS | ALREADY GRADED A+&lt;RECENT VERSION&gt; 1) Non-volatile memory can maintain stored information even after the power is turned off. Examples of non-volatile memory include: (select all that apply) RAM Flash Memory Hard Disk All of the above - ANSWER Flash Memory Hard Disk 2) Many firms attempt to enhance their network effects by creating a ______ for the development of third-party products and services that enhance the primary offering. platform network mesh grid - ANSWER platform 3) In ________ markets, users gain benefits from interacting with a separate, complementary class of users. This is called _______ exchange benefit. two-sided; same-side one-sided; same-side two-sided; cross-side one-sided; cross-side - ANSWER two-sided; cross-side 4) t/f When network effects are present, the value of a product or service decreases as the number of users grows. - ANSWER false 5) The ____ the value of the user's switching cost, the ____ they're likely to consider the staying power of any offering before choosing to adopt it. higher; more higher; less lower; more None of the above. Switching cost and staying power are unrelated. - ANSWER higher; more 6) t/f We're now in the "fifth wave" of computing, where computers are so fast and so inexpensive that they have become ubiquitous--woven into products in ways few imagined years before. - ANSWER t 7) In _______ markets, users gain benefits from interacting with a similar category of users. This is called _______ exchange benefits. two-sided; same-side one-sided; same-side two-sided; cross-side one-sided; cross-side - ANSWER one-sided; same-side 8) t/f From a strategic perspective, the trend of "cheaper and faster" technology suggest that what is impossible from a cost or performance perspective today may be possible in the future. - ANSWER t 9) Which of the following are examples of the Halo effect? (select all that apply) Anna's impression of a brand influences her opinion of the products associated with that brand. The packaging of a product influences Ben's opinion of the product Charlie associates lower-priced products with lower quality Dana chooses restaurants based on the reviews by food bloggers, instead of choosing a place based on ambience - ANSWER Anna's impression of a brand influences her opinion of the products associated with that brand. The packaging of a product influences Ben's opinion of the product Charlie associates lower-priced products with lower quality 10) The tendency for an impression created in one area to influence the opinion in another area is called: Over-confidence Confirmation Halo Effect Ostrich Effect - ANSWER Halo Effect 11) On Twitter, users can classify comments on a given topic using _____, allowing others to quickly find related tweets. notifications hashtags star tags emojis - ANSWER hashtags 12) Social media policies revolve around the "three Rs". What are they? (select all that apply) Representation Respect Reason Responsibility - ANSWER Responsibility Representation Respect 13) Groupthink bias can occur due to: Herd Behavior The Wisdom of Crowds Crowdsourcing Network Effects - ANSWER Herd Behavior 14) t/f Wisdom of crowds is the idea that a large, diverse group often has less collective insight than a single or small group of trained professionals. - ANSWER f 15) ______ refers to the portion of the telecommunications network chain that physically reaches the end-user's premises .The Middle Mile The Last Lap The Last Mile The Final Frontier - ANSWER The Last Mile 16) Prediction markets can be used in: (select all that apply) The Stock Market The outcome of political campaigns The outcome of economic events The outcome of clinical trials for a development drugs - ANSWER The Stock Market The outcome of political campaigns The outcome of economic events The outcome of clinical trials for a development drugs 17) What criteria ensures the wisdom of the crowd works? (select all that apply) Be convergent, so when someone in the crowd begins to converge on a way of thinking, the rest of the crowd should follow so a decision can be made quickly Be diverse, so that participants bring different pieces of information to the table Be decentralized, so that no one at the top is dictating the crowd's answer Be independent, so that everyone focuses on information rather than the opinions of others - ANSWER Be diverse, so that participants bring different pieces of information to the table Be decentralized, so that no one at the top is dictating the crowd's answer Be independent, so that everyone focuses on information rather than the opinions of others 18) _______ refers to a social network platform feature where someone can follow updates without first getting their approval. Asymmetric Communication Stealth Communication Presumptive Communication Information Asymmetry - ANSWER Asymmetric Communication