ITPEC IP April 2022 Question 88
ITPEC IP April 2022 — Question 88 of 100
Crowdfunding raises funds from a large number of people, typically through an Internet platform. Projects or businesses present a purpose and funding target, and many contributors provide relatively small amounts through donation, reward, lending, or equity-based models.
Answer (b)
Why not others:
- (a) describes cloud or online storage
- (c) describes weather-related insurance
- (d) describes information retrieval, search, or data-mining technology
Key rule: Crowdfunding combines online solicitation with funding contributions from the crowd rather than relying on one conventional financier.
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