Jack: Straight from the Gut Test | Mid-Book Test - Easy

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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. During his high school years, who teaches Jack the value of competition?
(a) His coach.
(b) His father.
(c) His mother.
(d) His minister.

2. What does the learning/training curriculum show its participants?
(a) Who is being considered for promotion.
(b) There is no single right way and often there is an alternate, better way.
(c) That the company spends a lot on training.
(d) That the company invests a lot on training.

3. How does the plastics industry fare in the 1970s?
(a) It almost falls through completely.
(b) Environmental concerns halt plastics production.
(c) It grows fast.
(d) One small flaw breaks the whole industry.

4. Which of the following is not a job held by young Jack?
(a) Shoe salesman.
(b) Mail carrier.
(c) Newspaper carrier.
(d) Theater janitor.

5. What was the accepted business philosophy of the 1980s?
(a) If a business is profitable, constantly find ways to make it more profitable.
(b) If a business is profitable, don't get out or change it.
(c) If a business is profitable, save money by laying off a few people.
(d) If a business is profitable, sell while the stock shares are high.

6. How does Jack illustrate his "No. 1 or No. 2, Fix, Sell or Close" strategy?
(a) With an inverted pyramid
(b) With overlapping circles.
(c) With a pyramid, top as the peak.
(d) With a time line.

7. Which American president called for volunteers to fill in where government's role had been reduced?
(a) John Kennedy.
(b) Harry Trumann.
(c) George W. Bush.
(d) Ronald Regan.

8. In which year was Jack appointed as CEO?
(a) 2005.
(b) 1980.
(c) 2000.
(d) 1990.

9. How are GE's profits used in 1984?
(a) Raises for all employees.
(b) Reinvested to improve the company's competitiveness.
(c) Nice bonuses for upper level execs.
(d) One-time bonus for all employees.

10. Which investments does Jack find himself explaining and quite often defending?
(a) Hardware investments.
(b) Software investments.
(c) Soft value of excellence investments.
(d) Hard-hat construction investments.

11. What setback keeps Jack from attending one of the two colleges of his choice?
(a) Losing his ROTC scholarship to a friend.
(b) Rejection for an ROTC scholarship.
(c) His mother's health.
(d) His mother begs him not to move far away.

12. What brings about a business-altering deal for GE in the mid 1980s?
(a) Federal aid to companies.
(b) The Japanese threat.
(c) HD TV requirements.
(d) Cable television.

13. Who blows up one of GE's factories?
(a) Coplan.
(b) Jack.
(c) Drickerson.
(d) Gutoff.

14. Which organization started out as a group of elitists but opened its membership and transformed into a group of volunteers?
(a) United Way.
(b) Unicef.
(c) Elfun.
(d) Boy Scouts of America.

15. What, according to Jack, is GE's core competency?
(a) People.
(b) Factories.
(c) Cash.
(d) Credit.

Short Answer Questions

1. How old is Jack when he is promoted to a vice president for GE?

2. What do young Jack and his friends do to earn a little spare change?

3. What are the human resources meetings called that are held at each GE business location?

4. How does Jack describe himself in Chapter 4 when he was an engineer?

5. What is GE's TV manufacturing business traded for?

(see the answer keys)

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