5/17/2021


Correct Answers 0
Total Questions 60
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Course # 571005
Wikinomics
based on the book:

Wikinomics
by: Don Tapscott & Anthony D. Williams ( 2008 )

12 CPE Credit Hours
Technology & Operations

A P E X C P E . C O M  . . . . .  1.877.317.9047  . . . . .  support@apexcpe.com


Chapter 1 - Wikinomics

1.    The new art and science of wikinomics is based on which new ideas?   20
Laizze faire or free enterprise and capitalism
Labor, production and capitalism
Openness, peering, sharing, and acting globally
segmentation and psychographics
2.    Goldcorp changed its exploration approach inspired by Linux outsourcing venture   9
It launched the "Goldcorp Challenge" with a prize money for participants to input into the company data
By funding a second wave of site exploration
Stayed loyal to age old process and trust its geologists to find that gold deposit.
Goldcorp secretly bought information that lead to its goals.
3.    A self-organized collaborations process of a new mode of innovation and value creation is called   11
Research innovation
Data pooling
Peer production
New alliance
4.    Web 2.0 is   19
public service to a community
Non interactive
A data bank to readily provide searched information in the net.
A global, ubiquitous platform for computation and collaboration in the net.
5.    What do we call this new economy where firms coexist and cocreate in loosely coupled networks?   32
The collaboration economy
The trial economy
The transparent economy
the Lego-style economy


Chapter 2 - The Perfect Storm

6.    The New Web is fundamentally different in both its architecture and applications. It is compared to a   37
shared house
shared canvas
shared book
shared office
7.    The Old Web is compared to a   37
digital thermometer
digital watch
digital newspaper
digital telephone
8.    Google leads in its PageRank technology basing on which idea?   41
The best information is found in exclusive proprietary data.
Priotize search results by the number of sites that are linking to it.
Judge the quality of its information.
Always consulting the experts.
9.    The Perfect Storm is brought about by the convergence of which factors?   64
The new web and the old web
Markets, information, and communities.
Information supply and demand, interactive communities.
Technology, demographics, and global economy.
10.    How does Web 2.0 differ from the old web?   64
The old web is exclusive to entrepreneurs while the new web is open to all.
The old web is passive while the new web is participatory and interactive.
There is no difference but the advancement of some technology in the new web.
Their main difference is in the better accessibility of the new web.
11.    Which generation is called these, "baby-boom echo," the Net Generation?   46
Born from 1996 to the present
Born from 2000 to the present
Born between 1977 and 1996 inclusive
All born after WWII
12.    The new Net Generation has these N-Gen norms,   55
Speed, freedom, openness, innovation, mobility, authenticity, and playfulness.
discipline, advancement, experimentation, adventure and compliance.
Exclusiveness, adventure, honesty and entrepreneurship.
innovation, adventure, and secrecy
13.    Coase's law which explained the development of the gigantic corporation also explains why they are being replace by which new entity?   57
Sole entrepreneurs
B-webs
Multi corporations
Global corporations
14.    In many peer production communities, productive activities are   67
Voluntary and nonmonetary
Voluntary and monetary
Involuntary and Monetary
Involuntary and Nonmonetary


Chapter 3 - The Peer Pioneers

15.    Wikipedia is an example of peer production, a new way of producing goods and services that harnesses the power of mass collaboration.   65
True
False
16.    Who invented the concept of wiki?   72
Ward Cunningham
Larry Sanger
John Seigenthaler, Sr.
Jimmy Wales
17.    Who is the founder of Wikipedia? The largest encyclopedia in the world.   71
Ward Cunningham
Larry Sanger
John Seigenthaler, Sr.
Jimmy Wales
18.    Embracing open source means embracing new mental models and new ways of conceptualizing value creation. TF   91
True.
False.
19.    A strategic approach to design, development and distribution enabled IBM to speed innovation and off-load cost .   92
Privatization
Open source
Peer consultation
Inside experimentation
20.    How do we define peer production in terms of its advantages?   93
It creates value and competitive advantages.
It means less control and requires practitioners to abide by the rules.
It means divesting new incentive structures.
It means investing in collaboration while considering IP diligence and indemnity issues.
21.    Peer production will continue to grow in importance because,   94
The potential for rival companies to rip off from your designs.
Key enabling conditions are present and growing.
Free software
Its structure leaves uncertainty of profit.
22.    The greatest risk to peer production is   95
that communities will undermine an existing business model.
When a firm will not be able to respond on time.
it limits of collaborative network.
It prevents cultural and strategic capabilities.


Chapter 4 - Ideagoras

23.    What web site is a perfect example of Ideagoras   96
a community web site like face book
an open innovation web site company
MySpace a social networking web site
Digg a social news website.
24.    How are R&D departments of global corporations affected by Ideagoras   97
It enabled them to reach beyond their traditional R&D facilities and tap more of the brightest scientific minds in the world.
It found a secondary source of ideas for product innovation.
It felt threatened by the chance of exposing guarded company trade secrets in its R&D departments.
Research and Development Departments became irrelevant in its production structure.
25.    Innocentive is a company that   97
listed a variety of physiological challenges that needed answers. It offers handsome cash rewards for anyone who could offer workable solutions.
listed a variety of scientific challenges that needed answers. It offers handsome cash rewards for anyone who could offer workable solutions.
listed a variety of mental challenges that needed answers. It offers handsome cash rewards for anyone who could offer workable solutions.
listed a variety of scholarly challenges that needed answers. It offers handsome cash rewards for anyone who could offer workable solutions.
26.    Companies can tap emerging global marketplaces to find uniquely qualified minds and discover and develop new products and services faster and much more efficiently that they have in the past. We call these marketplaces   98
ideagoras
agoras
pythagoras
Platogoras
27.    Modern day ideagoras such as Innocentive serve a more specific purpose:   98
They make ideas and scientific expertise around the planet accessible to innovation hungry companies.
They make inventions and scientific expertise around the planet accessible to innovation hungry companies.
They make ideas, inventions and scientific expertise around the planet accessible to innovation hungry companies.
They make ideas and inventions around the planet accessible to innovation hungry companies.
28.    In the creative design process, firms should adhere to the principle that markets allow for an increasingly specialized division of labor.   116
True
False


Chapter 5 - The Prosumers

29.    Creative Commons provides licenses that allow you to protect your copyright ownership while allowing others to make derivative works, stipulating whether you only want to allow non-commercial or commercial use, among many other options. TF   141
TRUE.
False
30.    A company-centric view of cocreation is summarized as :   149
We'll set the parameters by telling you when and on which products to innovate. You'll give us your ideas for free, but we'll choose the best of them -- and keep all the rewards and IP.
You'll set the parameters by telling you when and on which products to innovate. You'll give us your ideas for free, but we'll choose the best of them -- and keep all the rewards and IP.
Both parties will set the parameters by telling you when and on which products to innovate. You'll give us your ideas for free, but we'll choose the best of them -- and keep all the rewards and IP.
They'll set the parameters by telling you when and on which products to innovate. You'll give us your ideas for free, but we'll choose the best of them -- and keep all the rewards and IP.
31.    In the consumer centric paradigm, customers want a genuine role in designing products of the future. Its just that they will do it on their own terms, in their own networks, and for their own ends.   149
TRUE.
False


Chapter 6 - The New Alexandrians

32.    Digitization means information can be shared, cross-referenced, and repurposed like never before. Knowledge can build more quickly within networks of firms and institutions that cross seamlessly over disciplinary boundaries.   152
True
False
33.    The New Alexandrians   156
are internet librarians
are guardians of the net
are individuals, companies, and organizations, that recognize the power and importance of openness in today's economy.
are web based writers and bloggers
34.    Keys to success in the knowledge-based economy are   153
collaboration,peer review, and exchange of precompetitive information
collaboration,publication,peer review, and exchange of precompetitive information
collaboration,publication, and exchange of precompetitive information
publication,peer review, and exchange of precompetitive information
35.    Precompetitive knowledge commons is   163
a new and collaborative approach to rest and recreation where like minded companies ( and sometimes competitors) create common pools of industry knowledge and processes upon which new innovations and industries build.
a new and collaborative approach to research and development where like minded companies ( and sometimes competitors) create common pools of industry knowledge and processes upon which new innovations and industries build.
a new and collaborative approach to science and technology where like minded companies ( and sometimes competitors) create common pools of industry knowledge and processes upon which new innovations and industries build.
a new and collaborative approach to health and well being where like minded companies ( and sometimes competitors) create common pools of industry knowledge and processes upon which new innovations and industries build.
36.    In internet language, API is short for   165
Application Primary Interface
Application Programming Interface
Application Problem Interface
Application Performance Interface
37.    Best uses of public data are often made by organizations in the non-profit sector that are free of political considerations that hamstring government agencies. Governments should move faster to create new platforms for participation and public knowledge.   180
True
False


Chapter 7 - Platforms for Participation

38.    Amazon is a pioneer in what are known as "affiliate programs" that it uses to drive traffic and sales through an immense network of external partners. Amazon has two principal types of affiliates : Amazon associates and   196
hawkers and peddlers
marketplace sellers
contractors and subcontractors
merchandisers and marketers


Chapter 8 - The Global Plant Floor

39.    "Productive friction", as termed by John Hagel and John Seely Brown, is   235
the traditional learning that takes place as knowledge and tasks are shared across enterprise borders.
the new learning that takes place as knowledge and tasks are shared across enterprise borders.
the old learning that takes place as knowledge and tasks are shared across enterprise borders.
the old and new learning that takes place as knowledge and tasks are shared across enterprise borders.
40.    Just in time manufacturing techniques are   221
those which equipped a limited pool of local talent with the skills to operate high end production facilities
those which equipped a large pool of local talent with the skills to operate high end production facilities
those which equipped a select pool of local talent with the skills to operate high end production facilities
those which equipped a company grown pool of local talent with the skills to operate high end production facilities
41.    Design coordination is   222
local as well as modularized in that suppliers of closely related components are responsible for delivering completed subassemblies. The process relies on the ability of suppliers to quickly test, develop, and retest how well their parts integrate with those of other local suppliers.
local, international, as well as modularized in that suppliers of closely related components are responsible for delivering completed subassemblies. The process relies on the ability of suppliers to quickly test, develop, and retest how well their parts integrate with those of other local suppliers
local as well as modularized in that adjusters of closely related components are responsible for delivering completed subassemblies. The process relies on the ability of suppliers to quickly test, develop, and retest how well their parts integrate with those of other local suppliers
local as well as modularized in that subcontractors of closely related components are responsible for delivering completed subassemblies. The process relies on the ability of suppliers to quickly test, develop, and retest how well their parts integrate with those of other local suppliers
42.    Companies that build openly to build as big and as fast as possible are ultimately in the best position to figure out where the real economic value is.   209
True.
False
43.    "Productive friction", as termed by John Hagel and John Seely Brown, is the new learning that takes place as knowledge and tasks are shared across enterprise borders.   235
True.
False
44.    Highly collaborative approaches to manufacturing are not without risks because   223
There is a risk that suppliers and assemblers will gauge the market differently and create gaps in supply and demand. But with a variety of suppliers to choose from, assemblers can rely on multiple sources from common components, reducing the risks of undercapacity
The lack of integration between suppliers and assemblers may lead to mismatched parts or sub optimal construction. Face to face relationships appear to be crucial to overcoming these challenges.
Both of the above
None of the above


Chapter 9 - The Wiki Workplace

45.    Five typical workplace functions are : teaming, time allocation, decision making, resource allocation, and communication.   259
True
False
46.    Teaming is with the right tools and enough transparency, a large and diverse group of people self selecting to add value can complete even the most complex tasks with only a minimum of central control.   259
True
False
47.    A classic example of time allocation   260
when you work at Google, the company directs its employees to dedicate 20 percent of their time to personal projects - projects that interest employees but needn't slot neatly into Google's predefined road maps. In keeping with its beliefs in collaboration and encouraging self organization, the company tracks the pet projects that employees conjure up.
when you work at eBay, the company directs its employees to dedicate 20 percent of their time to personal projects - projects that interest employees but needn't slot neatly into Google's predefined road maps. In keeping with its beliefs in collaboration and encouraging self organization, the company tracks the pet projects that employees conjure up.
when you work at Amazon, the company directs its employees to dedicate 20 percent of their time to personal projects - projects that interest employees but needn't slot neatly into Google's predefined road maps. In keeping with its beliefs in collaboration and encouraging self organization, the company tracks the pet projects that employees conjure up.
when you work at PayPal, the company directs its employees to dedicate 20 percent of their time to personal projects - projects that interest employees but needn't slot neatly into Google's predefined road maps. In keeping with its beliefs in collaboration and encouraging self organization, the company tracks the pet projects that employees conjure up.
48.    Decision making is a company strategy of acquiring collective intelligence through prediction markets that enable them to arrive at a decision based on the collected data   261
True
False
49.    The idea on Resource Allocation is :   261
Resources ranging from spending budgets to computing power are tradeable commodities, so why not allocate them with a marketplace approach that ensures that they go where they are most valued.
Resources ranging from spending budgets to computing power are tradeable commodities, so why not allocate them with a marketplace approach that ensures that they go where they are less valued.
Resources ranging from spending budgets to computing power are tradeable commodities, so why not allocate them with a marketplace approach that ensures that they go where they are unlikely valued.
Resources ranging from spending budgets to computing power are tradeable commodities, so why not allocate them with a marketplace approach that ensures that they go where they are possibly valued.


Chapter 10 - Collaborative Minds

50.    Engaging in elaborative communities means   270
ceding some control, embracing transparency, managing conflict, and accepting that successful projects will take on lives of their own.
ceding some control, sharing responsibility, embracing transparency, managing conflict, and accepting that successful projects will take on lives of their own.
ceding some control, sharing responsibility, embracing transparency, and accepting that successful projects will take on lives of their own.
sharing responsibility, embracing transparency, managing conflict, and accepting that successful projects will take on lives of their own.
51.    Firefox community is a meritocratic hierarchy. They are a self governing community system that feeds the curiosity, passion, status seeking ego, and sociability of its "ambassadors", who as nonpaid members of the Mozilla community can approve new developments, speak to the press, and host parties in behalf of Mozilla   299
True
False
52.    Institutions need gatekeepers : people - generally highly credentialed people - who are entrusted by society to preserve the core traditions, values and standards of practice that the institutions embody. Examples of gatekeepers are   271
publishers and editors
brand managers of leading ad agencies
Both of the above
None of the above


Chapter 11 - Enterprise 2.0

53.    Mass collaboration _______ when the tools for creation and consumption are widely distributed and the goods in question are non-rival ( i.e. my consumption of the good does not deplete the supply available for you to consume).   299
increases
decreases
stays the same
None of the above
54.    The choice facing firms is not whether to engage and collaborate with peer production communities but determining   286
where and what
when and how
how and what
how and where
55.    In 2007, Novartis released all of its raw data in the internet for free on which human disease   288
cancer
type 2 diabetes
small pox
yellow fever
56.    Enterprise 2.0 is a new kind of business entity, one that opens its doors to the world; coinnovates with everyone, especially customers; shares resources that were previously close guarded; harnesses the power of mass collaboration ; and behaves not as a multinational but as something new: a truly global firm.   290
True
False
57.    Danny Hillis, who founded Thinking Machines and invented parallel computing, says there are two ways to build complex things:   312
engineering and evolution
evolution only
engineering only
None of the above
58.    Who created the housing maps using Google map and rentals listing from Craigslist?   259
Linus Torvalds
Paul Rademacher
Don Tapscott
Anthony Williams
59.    Mozilla is the producer of _____ web browser , an open source pioneer and a leader in applying the principles of wikinomics to produce development and marketing.   297
Internet Explorer
Firefox
Both of the above
None of the above
60.    The term " peer production" was coined by Yale professor   320
Yonchai Benkler
Paul Rademacher
Anthony D. Williams
Don Tapscott

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