Gig Economy (Uber/Lyft)

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Answer this question in the quiz to reveal the explanation.

Question 1

Who were the original co-founders who launched UberCab in San Francisco in 2009?

Question 2

What was the peer-to-peer ridesharing service launched by Lyft in 2012, famous for placing large pink fluffy moustaches on car grilles?

Question 3

What algorithmic pricing mechanism automatically raises ride fares during periods of high passenger demand and limited driver supply?

Question 4

What landmark California ballot measure passed in November 2020 classified gig-economy app drivers as independent contractors with limited benefits?

Question 5

What standard mileage deduction rate, established annually by the IRS, allows gig drivers to deduct automobile operating expenses from taxes?

Question 6

In which landmark year did both Uber and Lyft complete highly anticipated initial public offerings (IPOs) on Wall Street?

Question 7

What term describes the percentage of gross passenger fares retained by Uber and Lyft before remitting earnings to drivers?

Question 8

What rating system feature is used by Uber and Lyft, where drivers and passengers rate each other on a scale of 1 to 5 stars?

Question 9

What commercial automotive insurance period during rideshare driving provides the highest liability coverage (up to $1 million)?

Question 10

Which competing ridesharing pioneer in San Francisco launched in 2011 with a 'suggested donation' model before shutting down in 2015?

Who were the original co-founders who launched UberCab in San Francisco in 2009?