CMV 170 FINAL UPDATED ACTUAL
Exam Questions and CORRECT Answers
According to what we just said, what are the two elements of innovation? - CORRECT
ANSWER - traits and new combinations of them
The difference between invention and innovation is that - CORRECT ANSWER -
innovation refers to economic/social recombinations,
invention refers to practical/technical recombinations,
innovation creates value from inventions
What are the three fundamental things we can do with information in our universe (as we
understand it). - CORRECT ANSWER - transmission of imformartion through time (aka
storage),
transmission of information through space (aka communication),
transformation of information in spacetime (aka computation)
The term "death of distance", as used here, seems a bit exaggerated because, even nowadays,
there are delays when communicating over space. The basic argument here is: - CORRECT
ANSWER - with bits traveling close to the speed of light (in fiberoptics and radiowaves)
we have approached the limit of the physically possible
While digital distance-communication ("tele-communication") has been around for many years
(in the United States, analog TV was required to switch to digital in 2009), the COVID-19
pandemic: - CORRECT ANSWER - acted like as an accelerator in the adoption and
innovation of tele-communication, given global "social distancing" policies.
Timeless Time refers to the fact that: - CORRECT ANSWER - combining synchronous
and asynchronous processes allows to negate temporal sequence
What is an example of a many-to-one communication in online social networks? - CORRECT
ANSWER - Liking of a post
, The concept of the "space of flows" refers to a reconceptualization of space due to (among other
things): - CORRECT ANSWER - the importance of the particular structure of the
underlying network
Network Externalities of a product or service refer to the fact that its value to a consumer: -
CORRECT ANSWER - depends on how many other users consume it
With 5 phones, how many distinct phone calls were possible (please, go ahead and count to
convince yourself!) - CORRECT ANSWER - 20
What is true with regard to positive- and negative network externalities: - CORRECT
ANSWER - positive network externalities mean the more people, the more benefit for
everybody
Drawing from what we've just learned, is there an economic/commercial motivation for online
social networks to "connect everybody on planet Earth", or is this pure philanthropy? -
CORRECT ANSWER - To increase the positive network externalities of the social
network
In this graph, what do we count on the x-axis and what on the y-axis?
x-axis: number of nodes ("circles") & y-axis: number of connections ("triangles") - CORRECT
ANSWER - x-axis: number of nodes ("circles") & y-axis: number of connections
("triangles")
According to media richness theory, which of the following communication channels would be
best suited when discussing essential business decisions that define the future of a company? -
CORRECT ANSWER - Video-conferencing
Exam Questions and CORRECT Answers
According to what we just said, what are the two elements of innovation? - CORRECT
ANSWER - traits and new combinations of them
The difference between invention and innovation is that - CORRECT ANSWER -
innovation refers to economic/social recombinations,
invention refers to practical/technical recombinations,
innovation creates value from inventions
What are the three fundamental things we can do with information in our universe (as we
understand it). - CORRECT ANSWER - transmission of imformartion through time (aka
storage),
transmission of information through space (aka communication),
transformation of information in spacetime (aka computation)
The term "death of distance", as used here, seems a bit exaggerated because, even nowadays,
there are delays when communicating over space. The basic argument here is: - CORRECT
ANSWER - with bits traveling close to the speed of light (in fiberoptics and radiowaves)
we have approached the limit of the physically possible
While digital distance-communication ("tele-communication") has been around for many years
(in the United States, analog TV was required to switch to digital in 2009), the COVID-19
pandemic: - CORRECT ANSWER - acted like as an accelerator in the adoption and
innovation of tele-communication, given global "social distancing" policies.
Timeless Time refers to the fact that: - CORRECT ANSWER - combining synchronous
and asynchronous processes allows to negate temporal sequence
What is an example of a many-to-one communication in online social networks? - CORRECT
ANSWER - Liking of a post
, The concept of the "space of flows" refers to a reconceptualization of space due to (among other
things): - CORRECT ANSWER - the importance of the particular structure of the
underlying network
Network Externalities of a product or service refer to the fact that its value to a consumer: -
CORRECT ANSWER - depends on how many other users consume it
With 5 phones, how many distinct phone calls were possible (please, go ahead and count to
convince yourself!) - CORRECT ANSWER - 20
What is true with regard to positive- and negative network externalities: - CORRECT
ANSWER - positive network externalities mean the more people, the more benefit for
everybody
Drawing from what we've just learned, is there an economic/commercial motivation for online
social networks to "connect everybody on planet Earth", or is this pure philanthropy? -
CORRECT ANSWER - To increase the positive network externalities of the social
network
In this graph, what do we count on the x-axis and what on the y-axis?
x-axis: number of nodes ("circles") & y-axis: number of connections ("triangles") - CORRECT
ANSWER - x-axis: number of nodes ("circles") & y-axis: number of connections
("triangles")
According to media richness theory, which of the following communication channels would be
best suited when discussing essential business decisions that define the future of a company? -
CORRECT ANSWER - Video-conferencing
