Here, in the
middle of summer, work hopefully takes somewhat of a back
seat to fun, and so, in that spirit, here is the second
annual Summer Biz Quiz (answers at bottom.)
1. It is well known that
everyone’s favorite entrepreneur, Richard Branson, started
and owns the Virgin empire. What was his first business?
A. An ice cream shoppe
B. Student Magazine
C. A book store
D. Virgin Music
2. Which one of these people
was NOT a co-founder of Apple Computers?
A. Steve Wozniak
B. Steve Jobs
C. Steve Prefontaine
D. Ron Wayne
3. Speaking of Apple, how many
Apple stores are there in China?
A. 2
B. 200
C. 43
D. 122
4. Bailouts are all the rage.
In 1980, Congress bailed out Chrysler. How much did Chrysler
get that year?
A. $800 million
B. $10 billion
C. $42 billion
D. $1.5 billion
5. Who invented the 40 hour
work week?
A. Teddy Roosevelt
B. Franklin Delano Roosevelt
C. Eleanor Roosevelt
D. Henry Ford
6. How many small and medium
businesses are estimated to exist in India today?
A. 13 million
B. 100 million
C. 3 million
7. Which one of these Tom
Cruise movies did not have a small business component?
A. Risky Business
B. Jerry Maguire
C. Magnolia
D. Collateral
E. The Firm
8. And, speaking of movies,
Rick Blaine (Humphrey Bogart) is one of the great screen
entrepreneurs. How did he come to own his “gin joint”?
A. He inherited it
B. No one knows
C. He won it in a card game
9. Whose business career began
by collecting wayward golf balls and selling them?
A. Ted Turner
B. Warren Buffet
C. Steve Wynn
D. George W. Bush
10. Who bought the Desert Inn
Hotel in Vegas after the hotel tried to evict him?
A. Howard Hughes
B. Steve Wynn
C. Dean Martin
D. Steve Martin
11. What was Martha Stewart
convicted of?
A. Obstruction of justice
B. Insider trading
C. Lying to investigators
D. Perjury
D. All of the above
E. A and C only
12. How did the richest person
in the world this year make his fortune?
A. Computers
B. Software
C. Telephones
D. Publishing
13. Who said, “The world is
changing very fast. Big will not beat small anymore. It will
be the fast beating the slow”?
A. Bill Clinton
B. Bill Gates
C. Bill Bixby
D. Rupert Murdoch
14. Who said, “It's not
whether you get knocked down; it's whether you get up”?
A. Vince Lombardi
B. John Wooden
C. Donald Trump
D. H. Ross Perot
15. Which was the best-selling
business book in 2000?
A. Fish
B. The Tipping Point
C. Who Moved My Cheese?
D. The Small Business Bible
16. Is blogging passé? Hmmm.
How many blogs have been indexed by Technocrati since 2002?
A. 900,000
B. 12 million
C. 100 million
D. More than 125 million
17. How many millionaires are
there in the U.S.?
A. 7.8 million
B. 12 million
C. 1.2 million
D. 787,000
18. Speaking of millionaires,
how did most of them make their money?
A. Inheritance
B. Starting their own business
C. Investments
D. Professional practice
(doctor, lawyer, etc.)
19. Which one of these
corporations was not a part of a bankruptcy?
A. Japan Airlines
B. Winn-Dixie stores
C. Jet Blue
D. Dow Corning
20. Which age bracket has the
highest percentage of entrepreneurial activity?
A. 55-64
B. 35- 54
C. 20-34
(Thanks to usefultrivia.com
for some of the trivia in this quiz.)
Answers: 1: B, 2:
C (Ron Wayne owned a 10% stake in Apple but sold it for $800
11 days after the business started. Today, it would be worth
$22 billion.) 3: A, 4: D, 6:A, 7: D, 8:B, 9: B, 10: A, 11:
E, 12: C, 13: D, 14: A, 15: C, 16: D, 17: A, 18: B, 19: C,
20: A
Happy summer all!