A Network Externality Can Be Said to Exist When

question 37

Multiple Choice

A network externality can be said to exist when:

• A)a recording artist appears on a popular TV show leading to an increase in popularity and record sales; this is called the "snob effect".
• B)a recording artist appears on a popular TV show leading to an increase in popularity and record sales; this is called the "bandwagon effect".
• C)many people try to access the internet at the same time leading to a system crash.
• D)two television networks decide to merge.

Understand the concepts of bailment and the responsibilities of a bailee.

Recognize the legality of transferring control of goods through documents of title.

Comprehend the requirements for a valid delivery of a gift or property.

Grasp the legal implications of possessing stolen goods and the liability of warehouses.

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Definitions:

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet to offer faster innovation, flexible resources, and economies of scale.

Ubiquitous

The condition of being everywhere at the same time, commonly used to describe technologies that have become an integral part of daily life.

IaaS

Infrastructure as a Service, a form of cloud computing that provides virtualized computing resources over the internet.

Technology Companies

Businesses that focus on the development, production, and marketing of electronics, software, computers, and other technological goods or services.