Mist 7770 Test 1 (machine platform crowd)

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Mist 7770 Test 1 (machine platform crowd) McAfee and Brynjolfsson cite this industry as one of the earliest that developed a fully automated decision making system. - ✔✔Banking The authors cit... e attributes of work best suited for machines. Which of the following is not one of those attributes? - ✔✔Dark This refers to the opinion of a well-compensated decision maker in an organization. - ✔✔HiPPO McAfee and Brynjolfsson reference a joke that the factory of the future will have two employees: A human and a _____. - ✔✔dog Rule-based AI systems are also known as "_____ artificial intelligence." - ✔✔symbolic Rules-based approaches to AI are broadly considered to be a failure. - ✔✔True This type of thinking is slow and conscious (as opposed to fast and automatic). - ✔✔System 2 Despite all of their recent advances, computers are largely unable to perform creative tasks (e.g., designing beautiful objects, composing music, etc.) - ✔✔False The authors refer to the "_____ of the Robots" to describe recent major developments in robotics. - ✔✔DANCE This term describes business processes that have shifted away from transforming or moving atoms to those that instead transform or move bits. - ✔✔Virtualized When a platform "leverages" assets, as per Brynjolfsson and McAfee's advice, they recommend _____ the utilization rate of that asset - ✔✔increasing Open platforms are more successful than closed platforms. - ✔✔True Solutions to combat negative behavior on platforms include content curation or the use of "_____ systems." - ✔✔Reputation Which of the following is not one of the attributes of information goods, as identified by the reading? - ✔✔Networked Successful platforms must be the first ones to their competitive space - ✔✔False According to the text, in the mid-1990's, this company's investors were not worried about the potential threat posed by Casio and the other manufacturers of digital cameras. - ✔✔Kodak "_____ innovation" refers to the process of creating something new and valuable not by starting from scratch but instead by putting together in new ways things that were already there (perhaps with a few generally novel ingredients). - ✔✔Combinatorial A defining property of "_____ goods" is that their demand curves interact very closely with one another. - ✔✔Complementary The "_____ effect" describes goods that become more valuable to each user as the total number of people who use that good grows larger - ✔✔Network The authors suggest that for industries like finance or urban transportation _____ can be an incumbent's best defense against a digital upstart platform. - ✔✔regulation An information asymmetry between two parties in a platform marketplace is harmful for: - ✔✔The entire market The proliferation of platforms _____ liquidity in the markets they serve. - ✔✔increases Platforms are particularly good at displacing incumbents when there's not a lot of perceived difference among their offerings. - ✔✔True In a platform marketplace, the authors suggest that lowering prices on one side of the network increases demand _____. - ✔✔on both sides of the network Platforms prefer that consumers form stronger associations with: - ✔✔the platform itself The authors believe that the O2O platform phenomenon will remain limited to the consumer sector (and will not spread to the goods and services that companies exchange with each other). - ✔✔False Which is an example of an O2O platform? - ✔✔Classpass scheduling app Rent the Runway is an example of a platform that deals in perishing goods - ✔✔False Uber is an example of a two-sided platform. - ✔✔True Crowdsourcing only seeks to find a single best solution--the second or third best entries in crowdsourcing competitions might be almost as good as the winner, but this fact is never relevant to the host organization. - ✔✔False The authors argue that the best solution to the problems of the crowd involve central planning at the core - ✔✔False Technology giants scan the crowd for potentially disruptive innovations to simply buy them out and internalize the crowd's innovation. - ✔✔True The relationship between the core and the crowd: - ✔✔All three of the substantive answers above can be true This term describes the dominant organizations, institutions, groups, and processes of the preInternet era. - ✔✔Core Problems get _____ to solve as the volume and diversity of potential solvers increases. - ✔✔easier The authors refer to a number of characteristics of "geeky leadership." Which of the following is not one of those characteristics? - ✔✔General intelligence The authors reference two difficult problems that arise as a result of the nature of the crowd. Which is not one of these two problems? - ✔✔It is difficult to distinguish between humans and bots Nupedia was able to activate the crowd because it adopted the three principles of openness, noncredentialism, and self-organization. - ✔✔False When completing a complex task (e.g., sequencing large amounts of human genetic material) are experts or outsiders more likely to produce superior results? - ✔✔Outsiders [Show More]

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