General Business Quiz: How Much Do You Know? Trivia

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General Business Quiz: How Much Do You Know? Trivia - Quiz


How much do you know about business? Do you think you know a sufficient amount to pass this quiz? Some businesses employ most of the world. A business is an establishment or economic system where goods and services are exchanged for money. A business corporation is a unit devised to oversee a commercial enterprise. Take this quiz and test your business smarts.


Questions and Answers
  • 1. 

    What was the Dow-Jones high in 1966?

    • A.

      4522

    • B.

      1950

    • C.

      405

    • D.

      950

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

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  • 2. 

    What was the average cost of a gallon of regular gas in 1975?

    • A.

      0.57

    • B.

      0.99

    • C.

      0.79

    • D.

      1.21

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

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  • 3. 

    Which company acquired Donna Karan in 2001?

    • A.

      Louis Vuitton

    • B.

      Gucci

    • C.

      Chanel

    • D.

      Fendi

    Correct Answer
    A. Louis Vuitton
    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.

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  • 4. 

    Which was the first chain store business to be established?

    • A.

      Bloomingdales

    • B.

      Duane Reade

    • C.

      A & P

    • D.

      Macy's

    Correct Answer
    C. A & P
    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.

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  • 5. 

    What did the company Bayer register as a trademark?

    • A.

      Coca Cola

    • B.

      Heroin

    • C.

      Pot

    • D.

      Speed

    Correct Answer
    B. Heroin
    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.

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  • 6. 

    Which company was accused of visa misuse in April of 2012?

    • A.

      Jindal Steel

    • B.

      Essar Oil

    • C.

      Jet Airways

    • D.

      Infosys

    Correct Answer
    D. Infosys
    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.

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  • 7. 

    Which multinational consulting firm was acquired by Deloitte in 2012?

    • A.

      Boston Consulting Group

    • B.

      Bain & Company

    • C.

      Monitor

    • D.

      A.T. Kearney

    Correct Answer
    C. Monitor
    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.

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  • 8. 

    According to Forbes, who is the richest European as of March 2013?

    • A.

      Liliane Bettencourt

    • B.

      Amancio Ortrega

    • C.

      Bernard Arnault

    • D.

      Stefan Persson

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

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  • 9. 

    Which car company's profits fell 41% in the 2nd quarter of 2012?

    • A.

      General Motors

    • B.

      Daimler AG

    • C.

      Ford

    • D.

      Toyota

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

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  • 10. 

    How much cash did S&P companies hold in June of 2012?

    • A.

      $900 Billion

    • B.

      $700 Billion

    • C.

      $600 Billion

    • D.

      $800 Billion

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

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  • 11. 

    How many banks agreed to a $25 billion mortgage settlement in early 2012?

    • A.

      17

    • B.

      25

    • C.

      38

    • D.

      9

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

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  • 12. 

    What mail subscription service did Wal-Mart launch in 2012?

    • A.

      Yummies

    • B.

      Foodies

    • C.

      Wheelies

    • D.

      Goodies

    Correct Answer
    D. Goodies
    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.

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  • 13. 

    How many people around the world were unemployed in 2013?

    • A.

      500 Million

    • B.

      200 Million

    • C.

      400 Million

    • D.

      100 Million

    Correct Answer
    B. 200 Million
    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.

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  • 14. 

    Which bank paid a $1.92 billion fine for money laundering in 2012?

    • A.

      Bank of America

    • B.

      Deutsche Bank

    • C.

      J.P. Morgan

    • D.

      HSBC

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

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  • 15. 

    Which food company was the world's most profitable corporation in 2011?

    • A.

      Kraft

    • B.

      General Mills

    • C.

      Hershey

    • D.

      Nestle

    Correct Answer
    D. Nestle
    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.

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