ITPEC IP April 2020 Question 86
ITPEC IP April 2020 — Question 86 of 100
Crowdfunding raises funds from a large number of people, typically through an Internet platform. Contributors may provide donations, pre-purchase products, lend money, or make investments depending on the crowdfunding model.
Answer (b)
Why not others:
- virtual storage on the Internet is cloud storage
- compensation for weather-related losses describes insurance
- discovering useful information in large data volumes describes information retrieval or data mining
Key rule: Crowdfunding combines online solicitation with many relatively small contributions to finance a project, product, or organization.
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