Uber and Airbnb Are Both Examples of the Consumer Trend

question 69

Multiple Choice

Uber and Airbnb are both examples of the consumer trend of ________.

• A) recession
• B) price lining
• C) the sharing economy
• D) shopping for control
• E) keystoning

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Definitions:

Accommodation

Providing convenience or the act of furnishing something like a room or building for use or lodging.

Control Account

A summary account that consolidates detailed information held in subsidiary ledgers, simplifying the general ledger.

Subsidiary Accounts

Individual accounts contained within a general ledger, used to provide detailed information about a specific aspect of the business.

General Ledger

A comprehensive record of a company's financial transactions over the duration of its life, organized by accounts.