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Ring Material

question 23

Multiple Choice

Ring material

Understand the differences between crowdfunding and crowdsourcing.
Identify the leading global crowdfunding platforms and their characteristics.
Recognize common challenges and delays in crowdfunded projects.
Comprehend the importance of preparation and planning in crowdfunding success.

Definitions:

Job Feedback

Information given to employees about their performance, aiming to reinforce strengths or address weaknesses.

Extrinsic Rewards

Rewards given to individuals by external sources, typically in the form of money, benefits, or formal recognition, as compensation or acknowledgment of one's work.

Monetary Bonuses

Financial rewards given to employees over and above their normal compensation, usually as a recognition of their performance or achievement.

Piece-Rate Pay

Piece-rate pay is a compensation system where workers are paid a fixed rate for each unit of production completed.

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