Cygnus Bank Is a Banking and Financial Services Company

question 35

Multiple Choice

Cygnus Bank is a banking and financial services company. It offered a large sum of money and a chance to receive employment to the programmers who could create software that would help enhance employee productivity. Which of the following types of crowdsourcing did Cygnus Bank use?

• A)Crowdvoting
• B)Crowdinnovation
• C)Crowdtasking
• D)Crowdcreating

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Definitions:

Selling Expenses

Costs incurred directly and indirectly in making sales, including advertising, commissions, and shipping expenses.

Operating Expenses

Ongoing costs for running a business that do not include the cost of goods sold but can cover expenses such as rent, utilities, and salaries.

Accounts Payable

Accounts payable is the amount a company owes to its suppliers or creditors for goods or services received but not yet paid for.