Question: 1 . What is a virtual community? 2 . How did bulletin board systems and Usenet newsgroups provide early social networking opportunities for Internet users

1. What is a virtual community?
2. How did bulletin board systems and Usenet newsgroups provide early social networking
opportunities for Internet users in the 1970s and 1980s?
3. Why did the social networking site Six Degrees fail?
4. Name three Web sites that created virtual communities or facilitated social networking
before Facebook was founded in 2006.
5. What is a meetup?
6. What is the term for the practice of online newspapers and magazines to have their readers
help write their own news?
7. What is social shopping?
8. What is a MOOC?
9. What does it mean to monetize Web site visitors?
10. What does a microlending Web site do?
11. What is crowdfunding?
12. How can companies use social networks internally; that is, by limiting access to employees
of the company?
13. What is a phablet?
14. What does it mean to jailbreak or root a smartphone?
15. What is a shill bidder in an online auction?
16. What is a Yankee auction?
17. What is a Dutch auction?
18. What objective is a Vickrey auction designed to accomplish?
19. What is a reverse auction and when is it most likely to be used in a business-to-business
setting?
20. What is a proxy bid?
21. What function is served by an online liquidation broker?
22. What is the main purpose of an auction escrow service?

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