Topic 4

Question 1

What is popular culture?

Answer 1

The music, dances, movies, performances, art and other forms of expressive media enjoyed by a society.

Question 2

What are smart homes?

Answer 2

Homes supplied with internet-connected lighting, heating and other electronic devices.

Question 3

What is gig-economy?

Answer 3

Labour market in which individuals and organizations exchange short-term/task-based services using digital platforms.

Question 4

What is subculture?

Answer 4

Smaller culture groups that exist within a larger culture.

Question 5

What is the youth culture?

Answer 5

The culture and social norms of teenagers and young adults.

Question 6

What are online communities?

Answer 6

A group of people united by a shared interest who use a digital tool to communicate with each other.

Question 7

What is fluidity?

Answer 7

The ease with which can join/leave digital subcultures.

Question 8

What is radicalization?

Answer 8

The use of the internet to share ideas and resources that are radically different to those in mainstream society.

Question 9

What is diversification?

Answer 9

It is when a company enters into a new market industry.

Question 10

What is horizontal diversification?

Answer 10

Is when a business adds on products or services that are complementary to their core business.

Question 11

What is conglomerate diversification?

Answer 11

When a business adds new products that are completely seperate from their existing operations.

Question 12

What is vertical diversification?

Answer 12

When a business takes over a new part of their supply or production chain.

Question 13

What is concentric diversification?

Answer 13

When a business adjusts their existing products lines to meet a wider customer audience.

Question 14

What is Inclusive?

Answer 14

In business this refers to an enviroment in which people of all backgrounds feel valued, safe and respected.

Question 15

What is discriminate?

Answer 15

The unjust treatment of people based on gender, social identity, race or disability.

Question 16

What is a psychometric survey?

Answer 16

It is a survey designed to measure an individual’s mental capabilities and behavioural style.

Question 17

What is a digital nomad?

Answer 17

A person who works remotely and is not tied down to any particular location.

Question 18

What is crowdsourcing?

Answer 18

Collecting ideas from the internet.

Question 19

What is crowd funding?

Answer 19

Collecting money over the internet to support start-ups, charities, and other causes.

Question 20

What is microwork?

Answer 20

Short term projects completed quickly for payment.

Question 21

What is sharing economy?

Answer 21

Assets that are shared between individuals.

Question 22

What is Gamification?

Answer 22

Applying elements of a game playing to other activities to encourage participation or efficiency.

Question 23

What is e-commerce?

Answer 23

The buying and selling of goods and services online.

Question 24

What is a brick and mortar store?

Answer 24

A retail outlet with a physical building.

Question 25

What is a brick and mortar store?

Answer 25

A retail outlet with a physical building.

Question 26

What is a online market place?

Answer 26

A digital platform that allows individual sellers and buyers to trade.

Question 27

What is E trading?

Answer 27

The trading of financial products such as stocks, bonds, or other assets online.

Question 28

What is microtargetting?

Answer 28

Is the strategy of using consumer data and information to create personalized content and advertisements

Question 29

What is crypto currency?

Answer 29

A digital currency that uses blockchain technology to create a decentralized encrypted ledger.

Question 30

What is cashless society?

Answer 30

A society in which all transactions are carried out electronically.

Question 31

What is micro-transactions?

Answer 31

The purchase of virtual goods for small sums of money in games/apps.

Question 32

What is a loot box?

Answer 32

A virtual consumable that contains a mystery item. These can be purchased or won in games/apps.

Question 33

What is additive manafacturing?

Answer 33

Adds raw materials, layer by layer to build an object or product, as in 3D printing.

Question 34

What is Subtractive manafacturing?

Answer 34

Creating an object by cutting or carving a larger material into the desired shape.

Question 35

What is borderless selling?

Answer 35

The process of selling goods across national borders.

Question 36

What is global sourcing?

Answer 36

Buying materials, goods and services from all over the world.

Question 37

What is offshoring?

Answer 37

The practice of moving corporate operations overseas.

Question 38

What is outsourcing?

Answer 38

The practice of moving corporate operations to another company.

Question 39

What is reshoring?

Answer 39

The practice of bringing back previously outsourced jobs back from overseas.

Question 40

What is near sourcing?

Answer 40

The practice of establishing operations as close to where the end products are sold as possible.

Question 41

What is in sourcing?

Answer 41

The practice of finding existing employees to complete a task rather than outsourcing it.

Question 42

What is biodiversity?

Answer 42

The variety in animal and plant life in a particular ecosystem.

Question 43

What is an ecosystem?

Answer 43

It is a community of living organisms and the physical enviroment they live in.

Question 44

What is E-waste service?

Answer 44

A business that collects out of date electronic devices and sorts them into recycbalbe and non-recyclable elements.

Question 45

What is Planned obsolescence?

Answer 45

It is the development of products with intentionally short lifespans so that companies can get repeated sales as devices are replaced or upgraded.

Question 46

What is a carbon footprint?

Answer 46

The total greenhouse gas emissions caused by a person, place or product.

Question 47

What is infrastructure?

Answer 47

The structure and facilities, such as roads, buildings or power supply, that allow a place to operate effectively.

Question 48

What is distribution?

Answer 48

The movement of products from farmers and growers to customers.

Question 49

What is transhumanism?

Answer 49

A movement that aims to use technology to evolve and augment the human experience.