Sharing Economy Concepts Quiz

A system where individuals share access to goods and services rather than owning them outright, facilitated by technology.

A key aspect of the sharing economy where individuals share access to goods and services, using them for a limited time, often through online platforms.

Individuals who use the sharing economy to offer services or rent out their assets, becoming providers in the marketplace.

Online platforms that connect buyers and sellers in the sharing economy, facilitating transactions and enabling access to goods or services.

Platforms like eBay, craigslist, and thredUp that allow buyers and sellers to trade used goods.

Services like Zilok, Rent the Runway, and Chegg that allow users to temporarily borrow items.

Platforms like Upwork and crowdSPRING that connect freelancers and businesses for various tasks.

Platforms like Angie’s List, Handy, and TaskRabbit that connect individuals needing household tasks with service providers.

Factors that propelled the growth of the sharing economy include economic recession, stagnant wages, and environmental concerns.

Social media platforms like Facebook play a significant role in promoting and spreading awareness about sharing economy services through word-of-mouth.

Hackers use stolen data to threaten victims and demand payment.

Hackers can target critical systems like power grids and oil refineries, causing significant damage.

A sophisticated malware that showed the ability to disrupt industrial control systems, marking a new era of cyberwarfare.

Angry employees can cause significant damage by sabotaging company networks, potentially leading to data loss or disruptions.

Terrorist groups can use technology to cause significant damage or chaos, targeting infrastructure or communication networks.

The cost of producing one additional unit of software is essentially zero. This is because software can be copied and distributed digitally with minimal additional cost.

Software where the source code is freely available for anyone to inspect, modify, and redistribute. Anyone can contribute to its development.

A model where computing resources (like servers, storage, and software) are provided as a service over the internet, rather than on your own hardware.

A cloud computing model where you subscribe to software (like CRM or accounting software) and access it online, without needing to install or manage it yourself.

Technology that allows a single computer to act like multiple separate computers, improving efficiency and resource utilization.

A popular open-source operating system used in various devices and servers, from cell phones to supercomputers.

A popular open-source web development stack consisting of Linux, Apache web server, MySQL database, and programming languages like PHP, Perl, or Python.

Open source software is often chosen for its cost-effectiveness, reliability, and security. Its collaborative development model allows for rapid bug fixes and security improvements.

A dynamic pricing strategy used by Uber to increase prices during periods of high demand, encouraging more drivers to work and balance supply and demand.

The phenomenon where the value of a product or service increases as more users adopt it. In Uber's case, more riders attract more drivers, and more drivers attract more riders.

A software system that displays real-time information about Uber drivers, customer locations, and traffic patterns to optimize operations.

The cost of producing one additional unit of a product or service.

A set of guidelines that allows other developers to integrate Uber services into their own applications.

Key challenges for Uber include regulatory concerns, maintaining service quality, and expanding into global markets with existing competitors.

Some analysts believe Uber might expand into various logistics businesses, like shipping and delivery, leveraging its platform and technology.

Lyft has experienced rapid growth, surpassing Uber's recent performance, particularly in active riders and revenue.

Uber's massive data collection allows it to analyze demand patterns, optimize driver allocation, and adjust pricing for better efficiency and growth.

Edward Snowden, a former CIA employee and NSA contractor, leaked over 1.7 million digital documents that exposed widespread government surveillance programs.

A data collection system that allows the collection of data on nearly everything a user does on the internet, including browsing history, communication logs, and location data.

Ethical hackers who identify and report vulnerabilities in computer systems without exploiting them. They contribute to improving system security.

Computer criminals who exploit vulnerabilities in systems for malicious purposes, such as stealing data, disrupting services, or launching attacks.

Dishonest employees who steal confidential information, install malware, or sabotage a company's systems for personal gain.

Manipulative tactics used to trick people into revealing sensitive information or performing actions that compromise security, often using deception and psychological manipulation.

Harmful software designed to infiltrate and damage computer systems without permission.

Self-replicating malware that spreads through network vulnerabilities, automatically infecting multiple systems without requiring user interaction.

The positive influence created when someone sees others doing something, making it more likely they'll do it too. This is a powerful tool in marketing and can be seen in actions like recommending services to friends.

A critical factor in platforms like Uber and Airbnb. Trust is built through verification processes, ratings, and safety measures. However, it's always an ongoing challenge in the sharing economy due to potential risks and the lack of traditional regulations.

The sharing economy raises questions about insurance coverage for incidents involving service providers. Traditional insurance models may not fully cover these situations, leading to uncertainties for both platforms and participants.

A major legal debate in the sharing economy revolves around whether workers should be classified as independent contractors or employees. This impacts their access to benefits like minimum wage, overtime pay, and unemployment insurance.

A payment platform specifically designed for buyer/seller platforms within the sharing economy, offering efficient and secure transactions. WePay uses fraud-fighting technology and machine learning to monitor and prevent fraudulent activity.

Airbnb implements strict measures to build trust between guests and hosts, including verified identities, secure payment guarantees, and 24/7 customer support. These measures aim to prevent fraud and ensure a safe experience.

To identify potential scams and maintain a safe platform, Airbnb monitors transactions, communication, and reviews at a deep level, analyzing data to detect suspicious activities.

In many locations, Airbnb faces legal challenges related to zoning regulations, health and safety codes, and competition with established hospitality industries. These challenges highlight the evolving legal landscape for the sharing economy.

Uber offers convenience, affordability, and a trustworthy experience to customers. It leverages technology to simplify the ride-hailing process and provides riders with transparent pricing and payment methods.

A measure of how well a product meets the demands of its target market. In the context of the sharing economy, it describes how well platforms like Uber and Airbnb address the needs and preferences of their customers.