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

Multiple Choice Questions

1. Under the company's new culture, who is rewarded with GE stock options?
(a) All who complete training.
(b) Green Belts and above.
(c) All the Black Belts only.
(d) The best of the Black Belts.

2. If bureaucracy strangles, what does informality do?
(a) Chokes.
(b) Also strangles.
(c) Liberates.
(d) Runs away.

3. Who transforms GE Capital from a purely financial business into a thriving business that uses deal-making for operational skills?
(a) Interns.
(b) Talent from GE's industrial business.
(c) Members of Elfun.
(d) Former college classmates of Jack's.

4. How long does it take GE to build the number 1 ultrasound imaging technology?
(a) Ten years.
(b) Four years.
(c) Five years.
(d) Three years.

5. As GE begins redefining its markets, which industry is the first to be reorganized?
(a) Aircraft engine.
(b) Financial systems.
(c) Medical systems.
(d) Computer systems.

6. As Jack attempts to buy the business that complements GE in various areas, what stumbling block does he face?
(a) The Superfund Act.
(b) The European Commission.
(c) The American Anti-Trust Act.
(d) Congressional inquiries.

7. Which India-based company becomes a GE partner in developing low-end, low-cost medical systems products?
(a) India, Inc.
(b) Siemens.
(c) Wipro.
(d) Phillips.

8. How many candidates does Jack start with in 1994 as he seeks his successor?
(a) 23.
(b) 8.
(c) 25.
(d) 19.

9. What is Gary Wendt's nickname?
(a) The Priest of Growth.
(b) The Kasbah of Cash.
(c) The Prince of Growth.
(d) The God of Google.

10. What results in greater customer intimacy for GE?
(a) Technology investments.
(b) Financial services investments.
(c) Medical investments.
(d) Improved public relations.

11. What plays an important role in growing GE's services?
(a) Employee health care.
(b) Acquisition.
(c) Promotion.
(d) Expense reduction.

12. On which network does Jack host his own show?
(a) Fox News.
(b) CNN.
(c) CABC.
(d) CNBC.

13. How much has the PCB levels in fish dropped since the congressional act?
(a) 20 percent.
(b) 10 percent.
(c) 90 percent.
(d) 85 percent.

14. Which scandalous investment banking firm does GE buy?
(a) Neiman, Marcus.
(b) Kidder, Peabody.
(c) Paine-Webber.
(d) Chase, Manhattan.

15. Who is the judge in hearings related to GE's purchase of the company that complements GE in various areas?
(a) The leader of the House of Representatives.
(b) The prosecutor.
(c) The Senate.
(d) The defense attorney.

Short Answer Questions

1. What is more important than strategy development?

2. Who does Jack defeat in a 36-hole golf match played in Nantucket?

3. Once the investment banking firm situation is stabilized, who takes over?

4. Which GE teams get projects improving every day performance in their current positions?

5. Which GE teams get projects including improving call centers, increasing factory capacity, and reducing billing errors and inventory?

(see the answer keys)

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