General Business Quiz: How Much Do You Know? Trivia

Explanation
In 1966, the Dow-Jones high was 950.

Explanation
In 1975, the average cost of a gallon of regular gas was 0.57.

Explanation
In 2001, Louis Vuitton acquired Donna Karan. This acquisition allowed Louis Vuitton to expand its portfolio and enter the luxury fashion market. By acquiring Donna Karan, Louis Vuitton gained control over the brand's designs, products, and customer base. This acquisition was a strategic move by Louis Vuitton to strengthen its position in the fashion industry and increase its global presence.

Explanation
A & P was the first chain store business to be established. It was founded in 1859 as a small store in New York City and later expanded to multiple locations. A & P revolutionized the retail industry by introducing self-service shopping and offering a wide variety of products at affordable prices. This business model paved the way for the development of other chain store businesses and had a significant impact on the retail landscape.

Explanation
Bayer, the company, registered heroin as a trademark. Heroin is a highly addictive drug derived from morphine and was originally marketed as a cough suppressant and non-addictive substitute for morphine. Bayer's registration of heroin as a trademark suggests that they were involved in the production and distribution of this drug at some point in history.

Explanation
Infosys was accused of visa misuse in April of 2012. This accusation refers to the allegation that Infosys, an Indian multinational corporation specializing in IT services and consulting, had violated visa rules and regulations in the United States. The company was accused of bringing employees into the US on B-1 visitor visas instead of the required H-1B work visas, allowing them to work on client projects without the necessary authorization. This accusation brought negative attention to Infosys and raised concerns about the misuse of visas in the IT industry.

Explanation
In 2012, Deloitte acquired Monitor, a multinational consulting firm. This acquisition allowed Deloitte to expand its consulting services and strengthen its position in the market. Monitor was known for its expertise in strategy consulting and had a strong client base. By acquiring Monitor, Deloitte aimed to enhance its capabilities and offer a wider range of services to its clients.

Explanation
Amancio Ortega is the correct answer because according to Forbes, he was the richest European as of March 2013.

Explanation
General Motors' profits fell 41% in the 2nd quarter of 2012.

Explanation
In June of 2012, S&P companies held $900 billion in cash.

Explanation
In early 2012, a $25 billion mortgage settlement was agreed upon by 17 banks.

Explanation
Wal-Mart launched the mail subscription service called Goodies in 2012. This service allowed customers to sign up for a monthly subscription box filled with various snacks and treats. The Goodies subscription box was a way for Wal-Mart to expand its online presence and offer customers a convenient way to discover and try new food products.

Explanation
In 2013, the number of unemployed people around the world was 200 million. This figure represents the total number of individuals who were actively seeking employment but were unable to find a job during that year.

Explanation
HSBC paid a $1.92 billion fine for money laundering in 2012.

Explanation
Nestle was the world's most profitable corporation in 2011. This can be attributed to various factors such as Nestle's global reach and diverse product portfolio. Nestle operates in multiple sectors including food and beverages, pet care, and healthcare nutrition, which allows them to cater to a wide range of consumer needs. Additionally, Nestle has a strong presence in emerging markets, which contributed to its profitability in 2011. Overall, Nestle's strategic positioning and ability to adapt to changing consumer preferences played a significant role in making it the most profitable corporation in 2011.