Information Systems Study Set 2

Payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.

General Motors backed Lyft with more than half a billion dollars.

Which of the following is *not* true regarding the competitive dynamics of most sharing economy marketplaces?

Crowdsourcing has a number of benefits, but problems include the potential for bias and discrimination. How can crowdsourced ratings also reflect the crowd's bias and reinforce discrimination.

_______ mayor has voiced support for Uber, seeing it as a safe and popular service among citizens and city visitors.

Uber prices services according to demand. This allows the company to increase rates during peak periods in order to attract more potential suppliers into the market to meet demand.

The sharing economy standouts differ from earlier efforts in that their efficiency is enhanced through streamlined coordination and broader reach by leveraging the ________________.

What is the difference between collaborative consumption firms Zilok and Chegg.

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment.

Prof. Juliet Schor says that businesses considered to be part of the _________________ can involve the recirculation of goods, increased utilization of durable assets, exchange of services, or the sharing of productive assets

Firms in the so-called "sharing economy" fuel more efficient matching of ___________ and __________, lower costs, enable more efficient resource use, and provide a level of reach and services heretofore unavailable

What are some concerns regulators have over the sharing economy using independent contractors and not full time employees?

Highly _______ markets are especially ripe for rollup in electronic marketplaces

Citizen suppliers in the sharing economy may find their _______ costs increase due to increased product use and an increase in perceived risk over time.

Why are sharing economy marketplaces so attractive to consumers?

Social media profiles can also be used to fight online fraud.

Another major concern for firms in the sharing economy is uncertainty around the ability of these firms to continue to consider their workers as ____________ and not employees. a. investors b. critics c. independent contractors d. liabilities e. none of the above

Given examples of firms in the sharing economy that focus on the following categories: goods, transportation, and capital provision. List markets challenged in each of these areas.

If eBay and Craigslist are included, some 44 percent of the US and Canadian population have participated in the sharing economy.

Rent the Runway and Chegg have chosen to purchase their own inventory for rental to customers, rather than relying on inventory provided by participating citizens suppliers. This incurs an additional cost on these firms. Why would they opt to use this model if startup costs are going to be more expensive?