BIZ QUIZ
1: The stock market’s 554-point plunge Oct. 27 was its worst point loss ever, but not its biggest setback on a percentage basis. The market that day fell:
a) 8%
b) 7%
c) 6%
d) 3%
2: The estimated $311 million being paid by Rupert Murdoch’s News Corp. for the Los Angeles Dodgers is nearly twice as much as the existing record price paid for a major league baseball team. That team is the:
a) Florida Marlins
b) San Francisco Giants
c) Texas Rangers
d) Baltimore Orioles
3: The price of gold this year fell below $300 an ounce for the first time since:
a) 1965
b) 1973
c) 1985
d) 1995
4: ValuJet Airlines Inc., trying to rebuild business after the fatal crash of its jetliner in the Florida Everglades in May 1996, changed its name to:
a) Sunshine Airlines
b) Southeast Air
c) AirTran Airlines
d) TransAir Group
5: Travelers Group Inc. agreed to buy the investment firm Salomon Bros. Inc. in a $9-billion stock swap. Travelers already owns what brokerage house?
a) Morgan Keegan
b) Montgomery Securities
c) Smith Barney
d) E.F. Hutton
6: This country is generally cited as the spark that set off the economic and currency crises now rocking Asia:
a) Thailand
b) South Korea
c) Hong Kong
d) Japan
7: WorldCom Inc.’s pact to buy MCI Telecommunications Corp. for $37 billion set a new high for corporate mergers. Name the two other companies that vied for MCI?
a) AT&T;
b) GTE
c) BellSouth
d) British Telecommunications
8: Speaking of landmark mergers, CoreStates Financial Corp. fetched the highest price in bank-merger history. What company made the offer?
a) First Chicago NBD
b) Mellon Bank
c) First Union
d) First Virginia Banks
9: When Roberto Goizueta took over as Coca-Cola Co.’s chairman in 1981, Coke’s stock market value was $4.3 billion. What was it when Goizueta died in October?
a) $19 billion
b) $78 billion
c) $103 billion
d) $150 billion
10: This former Walt Disney Co. executive settled his $250-million lawsuit against Disney for allegedly reneging on his payments for films and TV shows:
a) Jeffrey Katzenberg
b) Michael Eisner
c) Michael Ovitz
d) Robert Moore
11: In a landmark pact, cigarette makers agreed to pay $368.5 billion over how many years to settle scores of health-damage claims?
a) 5 years
b) 15 years
c) 25 years
d) 30 years
12: The Teamsters strike against United Parcel Service of America, which upset the U.S. transportation system this summer, lasted this many days?
a) 8
b) 15
c) 17
d) 21
13) This high-technology company invested $150 million to help shore up troubled Apple Computer Inc.:
a) Oracle Corp.
b) Cisco Systems Inc.
c) Intel Corp.
d) Microsoft Corp.
14) Dow Jones & Co. changed four of the stocks in its famed Dow Jones average of 30 industrials. Name two of the replacements from the list below:
a) Wal-Mart Stores Inc.
b) Microsoft Corp.
c) Travelers Group
d) Pfizer Inc.
*
The Answers:
1)b;2)d;3)c;4)c;5)c;6)a;7)b,d;8)c;9)d;10)a;11)c;12)b;13)d;14)a;c
