Match Each of the Following Terms to Its Meaning

question 53

Multiple Choice

Match each of the following terms to its meaning:
I. crowdsourcing
II. crowdfunding
III. digital divide
IV. social media
V. crisis-mapping tools

• A) facilitates exchange of ideas
• B) gap between those with access to technology and those without
• C) collect electronic information and instantly make the information publicly available
• D) solicits small donations from a large number of people
• E) used by marketers to solicit online consumer input

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Definitions:

Diseconomies of Scale

Increases in the firm’s per-unit costs associated with increases in firm size due to inefficiencies and monitoring problems.

Anti-Employment Discrimination Legislation

Laws designed to prevent discrimination in hiring, promotion, job assignment, termination, and compensation based on certain specified characteristics.

Female/Male Earnings Ratio

A measure comparing the average earnings of female workers to those of male workers, often utilized to highlight gender pay gaps in the workforce.

Law of Diminishing Returns

An economic principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.