CIS 105 ASU 4-7 Final Prep Quizzes with
100% Correct Verified Solutions
The Availability heuristic can be described as ____________ - Answer a mental shortcut
that relies on immediate examples that come to a given person's mind when evaluating
a specific topic, concept, method or decision
Which amongst the following is an outcome of the modern social media platform? -
Answer SEO, Wikis, Social Engagement
Collaborative consumption can be described as: - Answer A system that
enables customers to obtain and provide resources via a platform
The availability heuristic may lead to incorrect conclusions to certain problems. Why
does it happen? - Answer The availability heuristic does not make judgements about
the frequency of events.
Which one of the following is NOT a good example of the framing effect? - Answer Profit
for the year 2018 decreasing by $2000
___________ occurs when the choice made by a person is affected by how the
information about an item is presented. - Answer Framing effect
Users who edit Wikipedia content in a manner that is biased and opinionated are said
to be violating Wikipedia's stated policy of: - Answer neutral point of view.
, Many firms use _____ for managing information overload, opting to distribute content
virally rather than via e-mail. - Answer RSS feeds
A prediction market involves: - Answer polling a diverse crowd and aggregating
opinions to form a forecast of an eventual outcome.
_____ applications can overlay real data on top of images from a GPS and compass-
equipped smart phone - Answer Augmented reality
The top technology companies FAANG and BAT are focussing on implementing and
incorporating various applications by embedding ____________ into all of their
products. - Answer Artificial Intelligence
A friend asks you to pick a coin from a box full of 1 cent, 10 cents and 25 cents coins
and asks you the probability of picking a 10 cents coin. What information from the
following would help you in avoiding the base rate fallacy and correctly determining the
required probability? - Answer Number of 1 cent, 10 cents and 25 cents coins in the box
_____________ is an important tool for understanding the forces that shape the
competition within an industry. - Answer Porter's five forces analysis
Heuristics can be explained as ___________. - Answer mental shortcuts that allow
people to solve problems and make judgments quickly and efficiently, at the cost
of occasionally sending them off course
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