In 2007, Joe Gebbia and Brian Chesky Realized They Could

question 24

Multiple Choice

In 2007, Joe Gebbia and Brian Chesky realized they could not afford the rent on their pricey San Francisco apartment, so they decided to put an air mattress in their living room and offer people an alternative to an expensive hotel room. This is the story of how Airbnb got started. In other words, Airbnb began when Gebbia and Chesky ________; the company grew because it ________.

• A) identified their passions; was technologically based
• B) studied consumer complaints; was based on idealism
• C) broke the law; successfully lobbied to get the laws changed
• D) identified a problem or frustration; identified an opportunity or need
• E) sought to put their competitors out of business; was based on their desire to change the world

Describe the conditions and challenges faced by people living in underdeveloped or developing areas.

Understand the principles and effects of McDonaldization on global culture and economy.

Differentiate between semiperipheral and peripheral countries based on various factors.

Analyze the historical shifts in the distribution of world income.

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Definitions:

Multiple Coefficient

A broader term potentially indicating coefficients in multiple regression that represent the relationship between explanatory variables and the response variable.

Determination

Often associated with the coefficient of determination (R-squared), it measures the proportion of variance in the dependent variable predictable from the independent variable(s).

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without breaking any constraints.

Critical Value

A value that is compared with the test statistic to determine whether H0 should be rejected.