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Theranos, Nikola, and Vaporware Quiz

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Questions and Answers

What does 'pump-and-dump' refer to in cryptocurrency schemes?

A legal way to get rich quick with cryptocurrency

A type of cryptocurrency hack

Using one cryptocurrency to buy another

Buying large quantities of a cryptocurrency to drive up the price, then selling it all (correct)

How did the Life at Sea Cruise scam their attendees?

By not providing enough food and water

By not disclosing the location of the cruise

By promising luxury accommodations and disappearing (correct)

By overselling tickets

In what context is reverse engineering used and when can it be considered morally problematic?

It is used to manufacture fake products; it is problematic when it leads to financial losses for the original manufacturer

It is used to improve user interfaces; it is problematic when used without permission

It is used to repair broken products; it is problematic when the product is still under warranty

It is used to analyze the inner workings of a product or technology; it is problematic when used to infringe on intellectual property rights (correct)

What is the Advanced Access Content System (AACS) and why is it controversial?

It is a digital rights management (DRM) technology; it is controversial because it limits user freedom Signup and view all the answers

Who is the founder of Theranos and what was the company promising to revolutionize?

Elizabeth Holmes; Blood testing technology Signup and view all the answers

What were the allegations against Nikola, the electric vehicle (EV) company?

Fraud and misrepresentation of its technology Signup and view all the answers

What does Vaporware refer to in the context of computer hardware or software products?

Announced products that are significantly delayed or never actually released Signup and view all the answers

Why did Quibi, the short-form streaming service, fail despite raising over $1.75 billion in funding?

Inability to attract a significant user base Signup and view all the answers

What is 'rug pull' in the context of cryptocurrency?

A process where the developers manipulate the value of a token, then exit the project abruptly Signup and view all the answers