When Is Crowdsourcing Best Employed

question 61

Multiple Choice

When is crowdsourcing best employed?

• A)When in-house expertise is lacking and the nature of the problem can be clearly stated
• B)When in-house expertise is available and the nature of the problem can be clearly stated
• C)When in-house expertise is lacking and the nature of the problem cannot be clearly stated
• D)When in-house expertise is available and the nature of the problem cannot be clearly stated
• E)When a diverse crowd is knowledgeable and the problem cannot be clearly stated

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Definitions:

Banks

Financial institutions that accept deposits from the public, create credit, and provide loans, among other financial services.

Lender Of Last Resort

The role typically assumed by a central bank to provide funds to financial institutions in distress, to prevent systemic failures.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of banks, and stability of the financial system.

Financial Collapse

Refers to a sudden and severe downturn in the financial stability of an economy, institution, or market, often leading to a crisis.