Jack: Straight from the Gut Test | Final Test - Medium

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. How does Jack learn to play golf?
(a) By watching others while working as a caddy.
(b) He took lessons from Rooney.
(c) By watching videos during work hours.
(d) Reg Jones taught him to play.

2. Which aspect of GE's business is the first to introduce long-term service contracts for the company?
(a) Lighting.
(b) Medical systems.
(c) Appliances.
(d) Credit and financial.

3. 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.

4. What is GE's only truly global business in the 1980s?
(a) Credit.
(b) Plastics.
(c) Finances.
(d) Televisions.

5. Which deal secures Japanese distributor Nagase & Co. as GE's new partner?
(a) The Japanese-American sanction.
(b) The NAFTA deal.
(c) The Japanese-American deal.
(d) The Mitui Petrochemical deal.

Short Answer Questions

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

2. Who is the judge in hearings related to GE's purchase of the company that complements GE in various areas?

3. Who transforms GE Capital from a purely financial business into a thriving business that uses deal-making for operational skills?

4. Who co-wrote the book that blames Jack for the broadcast company's failure?

5. How do local utility engineers use GE's power systems home pages?

Short Essay Questions

1. Briefly explain how Jack decides to compete with the Japanese.

2. Discuss GE's charge of PCB contamination and its result.

3. Discuss the rankings of GE's television stations CNBC, MSNBC and NBC in 2001. Why is NBC's ranking important?

4. Briefly tell how employee surveys change GE in the mid 1990s and what results from the surveys.

5. Briefly discuss how GE redefines its airplane services in 1995.

6. How does GE get a head start on foreign investing in Japan and what Japanese investments made GE Capital a major player in the world of finance?

7. How do the services offered by GE Capital change from the 1970s to the 1990s?

8. What is the cause of Kidder, Peabody's legal trouble when GE is purchasing it and what scandal arises after the purchase is complete?

9. As Jack reflects on his GE career, what qualities does he consider to be successful in business?

10. Why does GE pass up opportunities to acquire high-tech companies in the late 1990s?

(see the answer keys)

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