Which of the Following Statements About the Internet Is True

question 60

Multiple Choice

Which of the following statements about the Internet is true?

• A) The Internet has shifted all shopping power to consumers.
• B) Consumer reviews tend to be equal in quality.
• C) Business-to-business auctions on the Internet are likely to be more important than consumer auctions in the future.
• D) Fraud is not a problem on the Internet.
• E) Extranets are programs that search the Internet for the best price for a particular product.

Understand the importance of using a representative sample in surveys to ensure validity and reliability of data collected.

Identify the characteristics and limitations of closed and open-ended questions in data collection.

Distinguish between the reliability and validity of a survey and its impact on survey outcomes.

Recognize the significance of conducting interviews and focus groups as primary research methods.

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Definitions:

Natural Language Processing

The branch of artificial intelligence focused on enabling computers to understand, interpret, and generate human language in a meaningful way.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from an online community.

Startup Capital

Initial funding used to launch a new business or enterprise, covering costs such as operations, marketing, and product development until the business generates its own cash flow.

Sharing Economy

An economic model defined by the sharing of assets or services among individuals, usually facilitated by a community-based online platform.