When Is Crowdsourcing Best Employed

question 7

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:

Plumbers

Skilled tradespeople who install, maintain, and repair water, gas, and other piping systems in homes and businesses.

Factor Market

The marketplace for services of factors of production (like labor, land, and capital) where firms buy resources needed to produce goods and services.

Electricians

Skilled workers specialized in installing, maintaining, and repairing electrical systems and equipment.

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate.