Question 1

Technological inventions often lead to

Accepted Answer

A)   New types of personal devices for sale to consumers
B)   An opportunity for the investment and creation of entertainment products
C)   Consumers using or buying access to the entertainment products on the devices
D)   Consumers spreading the gossip or ""word"" about their enjoyment of the products being seen or heard on the devices
E)   Consumers stealing the entertainment products on the devices without paying for the products or subscribing to a streaming serviceF) None of the above
G) A) and C)

Question 2

The current problems facing the entertainment industry have been caused by

Accepted Answer

A)   The development of the Internet
B)   A change in consumers' behavior as they now acquire products free
C)   Personal devices such as computers and iPhones
D)   A shift in the quality of the programming of entertainment productsE) A) and B)
F) A) and C)

Question 3

The key to the advent of small personal devices is

Accepted Answer

A)   Their small size which makes them portable
B)   They are more convienient
C)   May be used any place, at anytime
D)   They have provided extra profits for the sale of recordings and movies
E)   They provide access to entertainment products by all types of consumersF) A) and E)
G) A) and B)

Question 4

The millennial generation are to blame for the destruction of the traditional entertainment business.

Accepted Answer

A) True 
 B)False

Question 5

The research firm Pricewaterhouse-Coopers projects that by 2019 the entertainment and media market in video games will

Accepted Answer

A)   Decrease to $56 billion
B)   Increase to $93.18 billion
C)   Be about $71 billion
D)   Stay the sameE) A) and B)
F) B) and D) B

Question 6

The 301 Special Report from the Office of the President of the United States claims

Accepted Answer

A)   The problems of trademark counterfeiting and copyright piracy continue on a global scale
B)   1
C)   There is a positive increase in employment, earning, and taxes due to consumers acquiring consumer and entertainment products free
D)   Consumers, legitimate producers, and governments are harmed by trademark counterfeiting and copyright piracy
E)   Producers and their employees face diminished revenue and investment incentives, an adverse employment impact, and loss of reputation.F) A) and D)
G) A) and E) A,B,D,E

Question 7

Internet illegal downloads have cost the ecomony

Accepted Answer

A)   Nothing
B)   $422 million in taxes
C)   $2.7 billion in earnings
D)   71,060 jobsE) All of the above
F) B) and D)

Question 8

Illegal downloads of entertainment products cost $2.7 billion in lost earnings to the industry.

Accepted Answer

A) True 
 B)False

Question 9

Entrepreneurs and businesses invest in new discoveries and devices to create entertainment products consumers may buy or use on those devices.

Accepted Answer

A) True 
 B)False

Question 10

The term ""creative destruction"" was coined by a student named Fanning.

Accepted Answer

A) True 
 B)False

Question 11

Illegal downloads have reduced the sale and revenues to labels by

Accepted Answer

A)   There has been an increase in traditional and digital recording sales
B)   1
C)   0.663
D)   0.13E) B) and C)
F) B) and D)

Question 12

A leecher is a person who illegally uploads products to the Internet.

Accepted Answer

A) True 
 B)False

Question 13

The research firm Pricewaterhouse-Coopers projects that by 2019 the entertainment and media market in global music industry (including recorded music and touring)  will

Accepted Answer

A)   Stay the same
B)   Decrease to $14.3 billion
C)   Decrease $123 billion
D)   Increase to $29 billionE) B) and D)
F) B) and C)

Question 14

The term ""Perfect Storm"" as related to the entertainment industry in a book by Stephen Witt depicts

Accepted Answer

A)   How the entertainment industry has profited from the combination of events and technology to increase their profits
B)   How many discoveries and events came together at the same time to cause the destruction of the traditional entertainment industry
C)   How the combination of new technology created an opportunity for consumers to illegally acquire entertainment products
D)   How workers at a music label pressing plans are able to steal new albums and upload them to the Internet
E)   How the development of software consumers could use without being traced is being used to steal copyrighted productsF) A) and D)
G) None of the above

Question 15

A seeder is

Accepted Answer

A)   A person who finds new talent, and seeds the industry
B)   A type of digital recording process
C)   A way to short cut the copyright registration process through something like a shark deal
D)   The person who illegally uploads an entertainment product from a hard disk driveE) A) and D)
F) B) and D) D

Question 16

Movie companies spend between $10-$40 million to create a movie.

Accepted Answer

A) True 
 B)False

Question 17

A digital signal is simply a row of numbers (called a binary code) of 0's and 1's or a magnetic pulse or no pulse that is converted by the computer chip into 0's and 1's, which is then converted into a "sound."

Accepted Answer

A) True 
 B)False

Question 18

Downloading anything found on the Internet is legal.

Accepted Answer

A) True 
 B)False

Question 19

The difference between capitalism and socialism/communism is the right to own personal property.

Accepted Answer

A) True 
 B)False

Question 20

A digital signal is simply

Accepted Answer

A)   A row of numbers (called a binary code)  of 0's and 1's or a magnetic pulse or no pulse that is converted by the computer chip into 0's and 1's, which is then converted into a "sound"
B)   A magnetic recording of the number of vibrations and the amount of the vibrations per second
C)   An analog signal being transmitted over the public airwaves
D)   The type of signal that when converted is full of distoration and noiseE) All of the above
F) B) and D)

Exam 1: The Perfect Storm

Technological inventions often lead to

Correct AnswerverifiedShow Answer

The current problems facing the entertainment industry have been caused by

Correct AnswerverifiedShow Answer

The key to the advent of small personal devices is

Correct AnswerverifiedShow Answer

The millennial generation are to blame for the destruction of the traditional entertainment business.

Correct AnswerverifiedShow Answer

The research firm Pricewaterhouse-Coopers projects that by 2019 the entertainment and media market in video games will

Correct AnswerverifiedB

The 301 Special Report from the Office of the President of the United States claims

Correct AnswerverifiedA,B,D,E

Internet illegal downloads have cost the ecomony

Correct AnswerverifiedShow Answer

Illegal downloads of entertainment products cost $2.7 billion in lost earnings to the industry.

Correct AnswerverifiedShow Answer

Entrepreneurs and businesses invest in new discoveries and devices to create entertainment products consumers may buy or use on those devices.

Correct AnswerverifiedShow Answer

The term ""creative destruction"" was coined by a student named Fanning.

Correct AnswerverifiedShow Answer

Illegal downloads have reduced the sale and revenues to labels by

Correct AnswerverifiedShow Answer

A leecher is a person who illegally uploads products to the Internet.

Correct AnswerverifiedShow Answer

The research firm Pricewaterhouse-Coopers projects that by 2019 the entertainment and media market in global music industry (including recorded music and touring) will

Correct AnswerverifiedShow Answer

The term ""Perfect Storm"" as related to the entertainment industry in a book by Stephen Witt depicts

Correct AnswerverifiedShow Answer

A seeder is

Correct AnswerverifiedD

Movie companies spend between $10-$40 million to create a movie.

Correct AnswerverifiedShow Answer

A digital signal is simply a row of numbers (called a binary code) of 0's and 1's or a magnetic pulse or no pulse that is converted by the computer chip into 0's and 1's, which is then converted into a "sound."

Correct AnswerverifiedShow Answer

Downloading anything found on the Internet is legal.

Correct AnswerverifiedShow Answer

The difference between capitalism and socialism/communism is the right to own personal property.

Correct AnswerverifiedShow Answer

A digital signal is simply

Correct AnswerverifiedShow Answer

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B

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A,B,D,E

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D

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