Network Effects Occur When

question 59

Multiple Choice

Network effects occur when:

• A) the utility of large networks, particularly social networks, can scale exponentially with the size of the network.
• B) the value of a product or service increases as its number of users expands.
• C) people do and believe things merely because many other people do and believe the same things.
• D) a concept or idea is repeatedly asserted in a community, regardless of whether sufficient empirical evidence has been presented to support it.
• E) money can be made by offering a near-limitless selection of products or services.

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Definitions:

Self-Reports

A method of data collection where individuals directly report their own behaviors, thoughts, or feelings, often through questionnaires or interviews.

Physiological Responses

The automatic reactions of the body to internal or external stimuli, such as changes in heart rate or hormone levels.

Bias

A tendency or inclination that affects judgment or decision-making, leading to a lack of neutrality or objectivity.

Reliability Properties

The consistency and dependability of a measurement or assessment tool across different contexts and times.