Chapter 4 Defines "Crowdsourcing" as a Firm's Attempt to Outsource

question 21

Multiple Choice

Chapter 4 defines "crowdsourcing" as a firm's attempt to outsource work by

• A)asking for proposals from a list of consultants who specialize in a certain area
• B)posing a problem or technical challenge to a crowd at a conference
• C)farming out work to an undefined crowd of workers, usually online
• D)posing a problem or technical challenge to a crowd at a conference.

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Definitions:

Dissenting Shareholder

A shareholder who disagrees with a corporate action, such as a merger or acquisition, and is typically afforded certain rights, including the right to be bought out by the corporation.

Management Buyouts

A transaction where a company's management team purchases the assets and operations of the business they manage, becoming the new owners.

Borrowed Funds

Money that has been loaned to a borrower, which they are obligated to repay, typically with interest.

Affirmative Majority Vote

A decision-making process where a proposition is passed if it receives more than half of the votes cast by those entitled to vote.