Ask an Expert
Steve Strauss

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.)

 

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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!