Increasing Globalization of the Ride-Share Industry Can Be a Driving

question 35

Multiple Choice

Increasing globalization of the ride-share industry can be a driving force because

• A)the services provided by foreign ride-share competitors are nearly always cheaper or of better quality than those of domestic companies.
• B)foreign ride-share operators typically have lower costs, more technological expertise, and greater social network integration capabilities than domestic firms.
• C)ride-share companies need to spread their operating reach into more and more country markets to meet emerging consumer demand and take advantage of available operating opportunities.
• D)it results in ride-share companies having fewer competitors and a strategic group map with fewer circles.
• E)market growth rates rise, product innovation accelerates, and new ride-share startups are increasingly likely to enter the industry.

Recognize the importance of standardization, validity, and reliability in psychological testing.

Understand the concept of verbal and performance scores in the WAIS.

Understand the influence of socioeconomic status and personality factors on life success.

Recognize the misuse of intelligence tests and the ethical considerations involved.

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Definitions:

Marginal Utility

The increased happiness or value a buyer experiences by consuming an extra unit of a good or service.

Diminishing Marginal Utility

The principle that as an individual consumes more of a good, the utility (satisfaction or benefit) gained from each additional unit decreases.

Total Utility

The overall satisfaction or value a consumer receives from consuming a particular quantity of a good or service.

Marginal Utility

The extra pleasure or benefit obtained from consuming an extra unit of a product or service.