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?

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

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

<p>Elizabeth Holmes; Blood testing technology (B)</p> Signup and view all the answers

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

<p>Fraud and misrepresentation of its technology (D)</p> Signup and view all the answers

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

<p>Announced products that are significantly delayed or never actually released (C)</p> Signup and view all the answers

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

<p>Inability to attract a significant user base (A)</p> Signup and view all the answers

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

<p>A process where the developers manipulate the value of a token, then exit the project abruptly (C)</p> Signup and view all the answers

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