Business Test: Would You Pass?

Explanation
A "circuit breaker" is a mechanism put in place to temporarily halt trading in order to prevent extreme market volatility. In the case of the Dow, a circuit breaker is triggered when the index falls by a certain percentage from its previous close. The correct answer, 300 points, suggests that the circuit breaker will be activated if the Dow falls by 300 points or more.

Explanation
The 2 Cent Coin of 1864 was the first U.S. coin to have "In God We Trust" engraved on it. This phrase was added to U.S. coins during the Civil War as a way to express religious sentiment and trust in God during a time of national crisis. The 2 Cent Coin was introduced in 1864 to alleviate the shortage of small denomination coins caused by the Civil War, and it featured the inscription "In God We Trust" on the reverse side.

Explanation
Kmart's world headquarters is located in Michigan.

Explanation
General Electric is headquartered in New York. The company's headquarters is located in Boston, New York.

Explanation
Terry Semel served as the CEO of Yahoo! from 2001 to 2007. During his tenure, he played a crucial role in transforming Yahoo! from a search engine into a media company. Semel focused on expanding Yahoo!'s services, acquiring companies like Overture and Flickr, and forging partnerships with major brands. However, his leadership was also criticized for missed opportunities, especially in the search advertising market where Google emerged as a dominant force. Overall, Semel's time at Yahoo! marked a significant period of growth and challenges for the company.

Explanation
Palm fell out of the NASDAQ 100 index when it was revalued.

Explanation
Novell fell out of the NASDAQ 100 index when it was revalued.

Explanation
In 1997, Microsoft acquired WebTV. This acquisition allowed Microsoft to expand its presence in the emerging field of internet television. WebTV was a company that provided internet services through set-top boxes that connected to televisions. By acquiring WebTV, Microsoft gained access to their technology and expertise in this area, which helped them further develop their own internet television offerings.

Explanation
Christopher Galvin is the CEO of Motorola. This can be inferred from the fact that Motorola is listed as one of the options and the question asks for the company that Christopher Galvin is the CEO of. Therefore, the correct answer is Motorola.

Explanation
Jeff Immelt is the CEO of GE, which stands for General Electric. General Electric is a multinational conglomerate that operates in various industries, including aviation, healthcare, renewable energy, and power. Jeff Immelt served as the CEO of GE from 2001 to 2017, leading the company through significant transformations and challenges.

Explanation
Robert Shrouds is the CEO of Dupont, a chemical company.

Explanation
Bruce Steinberg is the CEO of Merrill Lynch.

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Peter Canelo is the CEO of Morgan Stanley Dean Witter, a huge investment firm.

Explanation
Martha Stewart holds the most stock in Martha Stewart Living Omnimedia because she is the founder and namesake of the company. As the founder and former CEO, it is common for the founder to hold a significant amount of stock in their own company. Therefore, it is logical to assume that Martha Stewart has the highest ownership stake in Martha Stewart Living Omnimedia.

Explanation
Konrad Hilbers is the CEO of Napster.