Lecture 6 & Article 6 Quiz Questions PDF

\#\#\# Multiple-Choice Questions (MCQs) \#\#\#\# \*\*1. What is the primary function of an aggregator platform?\*\* A. Efficient matching between suppliers and consumers B. Providing valuable services while facilitating external interactions C. Creating network effects to increase user engagemen...

\#\#\# Multiple-Choice Questions (MCQs) \#\#\#\# \*\*1. What is the primary function of an aggregator platform?\*\* A. Efficient matching between suppliers and consumers B. Providing valuable services while facilitating external interactions C. Creating network effects to increase user engagement D. Bundling and unbundling digital services \*\*Answer\*\*: B \-\-- \#\#\#\# \*\*2. Which of the following is NOT a barrier to IoT implementation?\*\* A. Device standardization B. Risk aversion C. Lack of connectivity D. High user engagement \*\*Answer\*\*: D \-\-- \#\#\#\# \*\*3. What is the main characteristic of a natural monopoly in digital markets?\*\* A. High fixed costs and negligible marginal costs B. Low fixed costs but high marginal costs C. Strong consumer engagement across all platforms D. Inability to leverage economies of scale \*\*Answer\*\*: A \#\#\#\# \*\*4. Why do platforms benefit from data-driven economies of scope?\*\* A. They enable platforms to leverage data for improved user matching B. They reduce the need for multihoming C. They decrease operational costs by automating decision-making D. They allow platforms to expand into new domains and improve product quality \*\*Answer\*\*: D \#\#\#\# \*\*5. Which regulatory approach aims to facilitate multihoming in platform markets?\*\* A. Horizontal breakup B. Ex-post competition policy C. Ex-ante regulatory framework D. Vertical integration \*\*Answer\*\*: C \#\#\#\# \*\*6. What is the \"penguin effect\" in platform strategy?\*\* A. Platforms tend to mimic successful competitors\' strategies B. Users hesitate to join platforms until they are established C. A platform's value increases exponentially with each additional user D. Platforms compete directly in highly niche markets \*\*Answer\*\*: B \#\#\#\# \*\*7. What is a key enabler for successful IoT implementation?\*\* A. Standardization of device interfaces B. Risk aversion among stakeholders C. Siloed organizational structures D. Minimal investment in data analytics \*\*Answer\*\*: A \#\#\#\# \*\*8. Which of the following best describes a marketplace platform?\*\* A. Focused on building trust between users B. Designed for efficient matching of suppliers and consumers C. Monetizes user data for external advertisers D. Creates natural monopolies through proprietary data analytics \*\*Answer\*\*: B \#\#\#\# \*\*9. Which is an example of a cultural barrier to digitalization?\*\* A. Organizational inertia B. Lack of risk-taking C. Limited financial capability D. Security and privacy issues \*\*Answer\*\*: B \#\#\#\# \*\*10. In what way does \"horizontal breakup\" address platform monopolies?\*\* A. Divides platform services into competing entities B. Limits market share by enforcing lower fees C. Encourages partnerships with smaller platforms D. Reduces consumer dependence on data-driven platforms \*\*Answer\*\*: A \#\#\#\# \*\*11. What is the primary organizational enabler for digital transformation?\*\* A. Siloed operational structures B. Talent and digital skills within the workforce C. Centralized governance of resources D. Strict top-down management protocols \*\*Answer\*\*: B \#\#\#\# \*\*12. How does GE's Predix platform illustrate a barrier to digital transformation?\*\* A. Lack of a centralized IT strategy B. Failure to engage legacy systems effectively C. Over-reliance on external market standards D. Limited investment in global business expansion \*\*Answer\*\*: B \#\#\#\# \*\*13. Which of the following is a primary cause of network effects in platform markets?\*\* A. High fixed costs and low marginal costs B. Increasing user value with each additional user C. Low barriers to entry for competitors D. Dependence on external producers \*\*Answer\*\*: B \#\#\#\# \*\*14. What is the main challenge with ex-post competition policy?\*\* A. Detecting anti-competitive behavior in real time B. Establishing a specialized regulatory agency C. Designing fair mechanisms for data-sharing D. Encouraging multihoming across platforms \*\*Answer\*\*: A \#\#\#\# \*\*15. Which regulatory remedy involves splitting a platform's vertical operations?\*\* A. Ex-post policy B. Horizontal breakup C. Vertical breakup D. Data-driven scope expansion \*\*Answer\*\*: C \#\#\#\# \*\*16. What is a critical enabler of organizational agility in digital transformation?\*\* A. Limited financial capacity B. Adoption of siloed work practices C. Dynamic alignment of people, culture, and tasks D. Resistance to structural reorganization \*\*Answer\*\*: C \#\#\#\# \*\*17. What describes the primary goal of digital regulatory frameworks?\*\* A. Break up natural monopolies into smaller competitors B. Eliminate network effects through data-sharing mandates C. Ensure fair access to market opportunities while preserving value creation D. Replace platform governance with government oversight \*\*Answer\*\*: C \#\#\#\# \*\*18. How do platforms use multi-sidedness to their advantage?\*\* A. By lowering costs across all user groups B. By creating dependencies between user groups C. By eliminating all competition in adjacent markets D. By standardizing products for all consumers \*\*Answer\*\*: B \#\#\#\# \*\*19. Which organizational barrier was most evident in GE's digital transformation efforts?\*\* A. Excessive financial investment in infrastructure B. Resistance to adopting centralized systems like Predix C. Over-reliance on legacy product lines for revenue D. Failure to develop external partnerships \*\*Answer\*\*: B \#\#\#\# \*\*20. Why might horizontal breakup be less effective in data-driven industries?\*\* A. It disrupts economies of scale B. It prevents platforms from leveraging user data effectively C. It increases operational costs for smaller competitors D. It fragments data, reducing overall value creation \*\*Answer\*\*: D