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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. North Korea is a single-party state under a united front led by what party?
(a) The Korean Entitlement Party.
(b) The Democratic Party.
(c) The Korean Workers' Party.
(d) The Communist Party.

2. In many countries, the negative effects of the Great Depression lasted until the start of what?
(a) World War I.
(b) Vietnam.
(c) The Korean War.
(d) World War II.

3. What is the sixth factor one should consider along with the GDP according to the author in Chapter 9?
(a) National savings.
(b) Total national happiness.
(c) Income inequality.
(d) Current account surplus/deficit.

4. What does the author refer to as a situation where individuals work in their own best interest, leading to an improved standard of living for society in general?
(a) Communism.
(b) Capitalism.
(c) Money market.
(d) Asset allocation.

5. When did Ross Perot found Electronic Data Systems?
(a) 1962.
(b) 1977.
(c) 1955.
(d) 1971.

Short Answer Questions

1. What term was first used in the early 1990s to denote an organization's reputation as an employer?

2. According to the author, financial markets boil down to four basic simple needs. What is the first discussed in Chapter 7?

3. The Cuban Revolution deposed what dictator?

4. Michael Jensen refers to company stock options as what in Chapter 2?

5. When did the Cuban Revolution begin?

(see the answer key)

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