For some business, work might take somewhat of a back seat to fun in the middle of summer. Or if things are hectic and busy, here's a chance to clear your mind and enjoy 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 Technorati 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 percent 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 Editor’s note: “Ask the Expert” is a small-business advice column written by Steven Strauss, one of the nation’s leading small business experts. His articles first appear each week in USA Today. The new edition of his book, “The Small Business Bible,” can be purchased online at www.amazon.com. Should you have a question for “Ask the Expert,” please contact Strauss by e-mail at sstrauss@MrAllBiz.com. |