BCT: Exam

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Last updated: June 18, 2025
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Digitisation
Data types
Real
Synthetic
Components of big data
Volume
Velocity
Variety
Veracity
Five reduced costs of digitisation
Search
Replication
Distribution
Tracking
Verification
Digital Economy
What law states that the value of a network is proportional to the square of the number of connected users?
Metcalfe's Law
What kind of effect occurs when the value of a product increases as more people use it?
Network effects
Types
Direct
Indirect
Example of a transaction platform
Amazon/ eBay/ Zalando/Netflix/ Disney+/Apple TV
Name an attention platform.
Google/ Bing/ Facebook/ Instagram/TikTok
What type of platforms include YouTube and Spotify
Combination
What is a positive externality in network effects?
More customers = more value for users
What advantage does the first mover have in networked markets?
Lock in/ first mover
Platform Regulation/ Consumer Protection
What is an ISS
Information Society Services
What legislation governs these?
E-Commerce directive
What case said this taxi company was NOT an ISS?
Uber 2017
Case that said this company is an ISS as it doesn't control host services
Airbnb 2019
What case said that platforms must act against counterfeit goods once made aware
L'Oreal v eBay
In EU law, who is considered the weaker contracting party?
Consumer
What type of contract acceptance method involves a pop-up window?
Pop up agreement
Types of unfair commercial practice
Misleading action
Misleading omission
Aggressive commercial practice
What Directive defines unfair commercial practices?
Unfair Commercial Practices Directive
What does the "average consumer" standard refer to?
Average member of each group
What kind of term says "We can change terms without notice"?
Unfair contract term
Which two cases deal with platform control over suppliers in terms of T&Cs and supplier visibility?
C-434/15 Uber Spain
C-149/15 Wathelet
P2B Regulation
What is the regulation covering fairness between online platforms and business users?
P2B Regulation
What are examples of online intermediation services?
Amazon/App stores/ Booking platforms
What must Terms & Conditions specify under the P2B Regulation?
Grounds for suspension or termination
How much notice must be given before complete termination of a business user under P2B Regulation?
30 days
What does Article 7 of P2B Regulation require platforms to describe?
Differentiated treatment between own and third party products/ services
Under Article 9 of P2B Regulation, what must be explained about data?
What is collected
EU Competition Law
What article of the TFEU prohibits anticompetitive agreements?
Art.101
Art.102
Forcing users to use certain service and make hard to access others
Tying
Google promoting its own shopping service results (Case AT.39740)
Self-preferencing
Preventing providers from informing users about cheaper alternatives
Steering
What was Facebook accused of in 2019?
Data exploitation
What mechanism must hosting service providers implement for illegal content?
Notice
Takedown
What are platforms required to notify law enforcement about under Art.18 DSA?
Criminal acts
Who must conduct a risk assessment of systemic risks?
Very Large Online Platforms
Very Large Online Search Engines
What dark pattern practice is prohibited under the DSA?
Termination harder than subscription
What transparency must be provided for online advertising?
If ad
What must recommender systems disclose?
Main parameters
Non-profiling
Two types of regulation?
Top-down
None
What market problem was described by "The Market for Lemons"?
Information asymmetry
Since when has telecom market liberalisation started in the EU?
1998
What principle in the E-commerce Directive ensures a Member State cannot impose restrictions on ISS providers from another MS?
Country of origin principle
Smart Contracts
Who coined the term "smart contract"?
Nick Szabo
What is a smart contract?
Computerised protocol that executes contracts
Are smart contracts legally contracts themselves?
No
Examples of smart contracts
Vending machines
E-scooters
App stores
Which blockchain network are smart contracts commonly based on?
Ethereum
What is absent in smart contracts?
Human intervention
Benefits of computers executing contracts?
More deterministic
Risks
Bugs
Compliance issues
Unintended consequences
Hacks
What regulation gave EU first definition of smart contract?
Data Act
What article outlines requirements of smart contracts
Art. 36
What are these?
Protect data
Authorisation before access
Compliance
What economic theory justifies lack of regulation in innovation markets?
Creative destruction
Artificial Intelligence
What test evaluates a machine's ability to exhibit human-like intelligence?
Turing test
What type of learning involves machines being taught new functions without being explicitly programmed?
Deep learning
What kind of learning uses human-labeled input and output to teach machines?
Supervised learning
What learning method allows machines to detect patterns without labeled outputs?
Unsupervised learning
What learning method rewards correct decisions in dynamic environments?
Reinforcement learning
What type of network is used to model probability calculations in AI?
Neural networks
What phrase describes the replication of bias in AI due to poor training data?
Garbage in, garbage out
Which human values may be undermined by predictive AI?
Freedom
Autonomy
What category of products includes drones, ships, and planes in AI risk assessment?
High risk
What term is used for widely applicable AI systems with high impact?
General purpose
Prohibited uses
Biometric identification (real time)
Social scoring
Emotional inference
Key Terms
A service that stores third-party content (e.g. websites or user uploads), where the provider may benefit from limited liability unless notified of illegal content.
Hosting
An intermediary that transmits information without modifying it, such as ISPs, with limited liability for the content transmitted.
Mere conduit
Temporary storage of online data by an intermediary to improve system performance and speed up access for users, often protected by safe harbour laws.
Caching
A decentralised, tamper-resistant digital ledger used to record transactions or data transparently and securely, often used in smart contracts or cryptocurrencies.
Blockchain
A decentralised blockchain platform that enables the creation and execution of smart contracts and decentralised applications (dApps), often used for secure, automated transactions without intermediaries.
Ethereum
A powerful digital platform that controls access to markets or users, often subject to stricter regulations under laws like the EU’s Digital Markets Act.
Gatekeeper
A service that facilitates the transmission, storage, or access of information online between users, such as search engines, cloud services, or platforms
OIS
A service provided at a distance, by electronic means, at the individual request of a recipient, usually for remuneration (e.g. e-commerce, online platforms).
ISS
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