E-commerce 2015, 11e (Laudon/Traver) Chapter 11 Social Networks, Auctions, and Portals 1) Social network participation is one of the most common usages of the Internet. Answer: TRUE Page Ref: 706 Difficulty: Moderate AACSB: Application of knowledge 2) The average user spends more time on Google+ than on Facebook. Answer: FALSE Page Ref: 706 Difficulty: Easy AACSB: Application of knowledge 3) Sponsored community sites are network sites created by government, non-profit, or for-profit organizations. Answer: TRUE Page Ref: 714 Difficulty: Moderate AACSB: Application of knowledge 4) In C2C auctions, a business owns or controls assets and uses dynamic pricing to establish the price. Answer: FALSE Page Ref: 720 Difficulty: Moderate AACSB: Application of knowledge 5) It costs money to bid in a penny auction. Answer: TRUE Page Ref: 724 Difficulty: Moderate AACSB: Application of knowledge 6) Priceline's auctions utilize dynamic pricing. Answer: FALSE Page Ref: 724 Difficulty: Difficult AACSB: Application of knowledge 7) In a Dutch Internet auction, the highest price wins. Answer: FALSE Page Ref: 723-724 Difficulty: Moderate AACSB: Application of knowledge 1 Copyright Š 2015 Pearson Education, Inc.