What Is Crowdsourcing

question 55

Multiple Choice

What is crowdsourcing?

• A) Refers to the wisdom of the crowd.
• B) Sources capital for a project by raising many small amounts from a large number of individuals, typically via the Internet.
• C) Collaborates and taps into the core knowledge of all employees, partners, and customers.
• D) Involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions.

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Definitions:

Monthly Payments

Regular payments made once a month, often in the context of loan repayments or leasing agreements.

Federal Direct Unsubsidized Loan

A type of federal student loan where the borrower is responsible for paying the interest that accumulates during all periods.

Capitalize Interest

The process of adding the interest accrued on a loan to the principal balance of that loan, effectively increasing the total amount owed.

Finance Charges

Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.