Vocabulary Crowfunding - Int05

What is Crowdfunding?

• A website for purchasing products online

• A method of raising money from a large number of people via the internet

• A type of investment in the stock market

• A government funding program for small businesses

Which of the following best describes Kickstarter?

• A social media platform

• An online shopping site for electronics

• A crowdfunding website for creative projects

• A search engine for news

What is a backer in the context of crowdfunding?

• A person who initiates a project

• A person who moderates the crowdfunding platform

• A person who reviews projects

• A person who invests money in a project

How do project creators typically reward their backers on crowdfunding platforms?

• With exclusive rewards or products

• With monetary compensation

• With social media likes

• With virtual high-fives

What is the purpose of a crowdfunding campaign video?

• To share the project creator's favorite music

• To demonstrate the project's feasibility and appeal to potential backers

• To provide a tutorial on how to crowdfund

• To showcase the project's failures

Which of the following is an example of a crowdfunding reward?

• A request for more funding

• A bill for services given

• A personalized product related to the project

• A thank you email

When a project is "funded" on Kickstarter, what does this mean?

• The project has failed to secure any backers

• The project is no longer available for pledges

• The project has been canceled by the creator

• The project has reached its funding goal

What does "pledging" involve on Kickstarter?

• Committing to financially support a project

• Withdrawing money from a project

• Ignoring a project completely

• Investing in the stock market through Kickstarter

What is the purpose of the "Risks and Challenges" section on a Kickstarter project page?

• To discourage backers from supporting the project

• To highlight only the positive aspects of the project

• To provide insight into potential obstacles the creator may face

• To showcase the rewards available for backers

What is the role of "updates" on a Kickstarter project page?

• To delete negative comments from backers

• To remove the project from Kickstarter

• To inform backers about the project's progress

• To increase the funding goal