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Which crowdfunding platform allows its patrons to fund illustrators,authors,podcasters,musicians,and other independent creators?


A) RocketHub
B) Crowdcube
C) OurCrowd
D) Patreon

Correct Answer

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Wikipedia encouraging its users to edit and update its free online encyclopedia is an example of ______.


A) patronage
B) equity
C) crowdfunding
D) crowdsourcing

Correct Answer

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Crowdfunding entrepreneurs should set a funding target that is ______.


A) aggressive to signal confidence in the product or service for potential investors.
B) low and easy to outperform in order to generate buzz around the product or service.
C) realistic enough to attract backers but high enough to cover costs.
D) as high as possible to generate as much initial cash as possible to infuse into the business.

Correct Answer

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Which of the following could not be offered in a Kickstarter campaign?


A) a free product or product sample
B) participation in a cash award raffle
C) presale delivery of the product or service
D) free tickets to a play

Correct Answer

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Which of the following needs can be addressed primarily through crowdsourcing?


A) A company wants to procure a library of freely downloadable photographs for its photo app.
B) A company wants to increase profits by raising subscription fees to its video streaming app.
C) A company wants to reduce waste in its manufacturing process by working with a single vendor.
D) A company wants to raise funding to support expansion of its product lines.

Correct Answer

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What is characteristic of the reward model of crowdfunders?


A) Investors provide financial support with no expectation of direct return.
B) Investors are given prizes for their financial support,such as product samples or experiences.
C) Equity is exchanged for the contribution.
D) Funds are treated as loans.

Correct Answer

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Which crowdfunding platform focuses on science-related projects?


A) RocketHub
B) GoddardGroup
C) OurCrowd
D) Patreon

Correct Answer

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