Question 1

Private information refers to which of the following?

Accepted Answer

Private information refers to information that is not normally available to the general public. This could include sensitive financial data, personal information, trade secrets, and other confidential information that a company may wish to keep from competitors or the general public. Information marked confidential by the company or disclosed after signing a nondisclosure document would also fall under this category, but these are specific examples of private information rather than a comprehensive definition. Information disclosed at a shareholder meeting would not necessarily be private, as it is intended to be shared with investors and may be subject to public disclosure requirements.

Question 2

This dimension describes the characteristics of your relationship with your contacts.

Accepted Answer

The relational dimension is concerned with the nature of the relationship between you and your contacts, including factors such as trust, liking, and intimacy. This dimension is important for understanding how your interactions with each contact may be influenced by the quality of the relationship.

Question 3

This dimension describes the type of social ties you have or don't have.

Accepted Answer

B

Question 4

What are the three main advantages to networks?

Accepted Answer

The answer of What are the three main advantages to...

Question 5

According to the Organisation for Economic Cooperation and Development, connections with people who have a common identity but may come from different backgrounds and cultures would be called which of the following?

Accepted Answer

Connections with people who have a common identity but come from different backgrounds and cultures are called "bridges" according to the Organisation for Economic Cooperation and Development.

Question 6

According to the Organisation for Economic Cooperation and Development, the connections with people who represent a different level of society, such as poor, middle class, or high society, would be considered what kind of social capital?

Accepted Answer

The answer of According to the Organisation for Economic Cooperation...

Question 7

When deciding to hire someone for her new startup, Laura states, "We will have to train him, but he has the right attitude and spirit about this company." What aspect of the social network is Laura referring to?

Accepted Answer

Laura is referring to the cognitive aspect, which involves shared goals, values, and culture. The candidate's attitude and spirit align with the company's values, indicating a cognitive connection.

Question 8

What is the best advice for building networks?

Accepted Answer

Building networks with people who share your values can lead to more meaningful and long-lasting relationships. These relationships are more likely to result in beneficial collaborations and referrals. It is important to build genuine connections based on common values and interests rather than just seeking out relationships with those who are powerful or in your industry.

Question 9

Steve has just started as a telemarketing assistant in a large company.During a holiday party, he has an extended conversation with the vice president of operations, during which they discover a common interest in antique maritime artifacts.They talk at length.What is the characteristic of this new relationship?

Accepted Answer

The answer of Steve has just started as a telemarketing...

Question 10

Lonney attends a company picnic.Although most of the people in his company are older and come from different backgrounds, he feels it is important to go since they all work together.Lonney is acknowledging which of the following aspects about building social capital?

Accepted Answer

Lonney is acknowledging the importance of building bridges, which are connections between individuals from different backgrounds or social groups. By attending the picnic, he is creating opportunities to connect with his colleagues and build relationships that can benefit both him and the company in the long term.

Question 11

Janice asks her grandmother to help her out in her day care center while one of her employees is out on vacation.What is the nature of the social capital used in this action?

Accepted Answer

The nature of the social capital used in this action is a "bond" because it involves a close, personal relationship between family members.

Question 12

To what does different skillsets as they relate to social networks refer?

Accepted Answer

The answer of To what does different skillsets as they...

Question 13

At a church outing, Kelly learns from one of the participants that he just finished working with a company's exterior construction work and that the company is planning on redoing the landscaping.Kelly uses the opportunity to contact the company about his landscaping and water conservation products.Kelly is taking advantage of which of the following?

Accepted Answer

Kelly is using private information that he learned from the participant at the church outing. Insider trading would apply if Kelly had access to confidential information about the company's financial performance or other internal affairs. Bonds and linkages are not relevant to the scenario.

Question 14

What is social capital?

Accepted Answer

Social capital refers to the social connections and networks that individuals build, which can help them gain access to resources and opportunities. It includes the relationships, trust, and social norms that facilitate cooperation and collaboration among individuals and groups. Therefore, option A is the correct answer as it reflects the essence of social capital.

Question 15

The degree with which you share norms, visions, values, and beliefs with others describes which of the following dimensions?

Accepted Answer

The cognitive dimension refers to the shared norms, visions, values, and beliefs that facilitate a common understanding among individuals.

Question 16

Power refers to which of the following?

Accepted Answer

The answer of Power refers to which of the following?
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Question 17

Paul is assessing his social ties and starts by listing everyone he knows, regardless of the type of relationship.He then intends to classify them.Paul is working on which dimension of social ties?

Accepted Answer

Paul is working on the structural dimension of social ties. He is focusing on the breadth and depth of his connections without regard to the type of relationship or emotional attachment.

Question 18

Sang attends a conference on 3D printing and discovers that, while everyone is interested in the technology, people attending come from all walks of life.What is the nature of the social capital that Sang has an opportunity to develop?

Accepted Answer

Bridge social capital refers to connections between people who come from different backgrounds or social groups. Sang has an opportunity to develop bridge social capital by meeting people from various walks of life who are interested in 3D printing at the conference.

Question 19

If you are in a networking group of 20 to 40 people, how many possible referrals and leads could you obtain from this group?

Accepted Answer

The potential number of referrals and leads from a networking group of 20 to 40 people is almost incalculable as each person in the group knows their own network of contacts, which could lead to numerous referrals and leads. It ultimately depends on how active and effective the group is in facilitating connections and referrals.

Question 20

Which of the following reflects the three dimensions of social capital?

Accepted Answer

The three dimensions of social capital are relational (the extent and nature of social ties between individuals or groups), structural (the nature and patterns of social networks), and cognitive (the shared norms, values, and beliefs that underpin social relationships). Option A and B do not mention these dimensions, and option D includes terms that are not commonly associated with social capital (durational and commitment).

Quiz 14: Developing Networks