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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13.

Multiple Choice Questions

1. When did McDonald's actually pay off the loan?
(a) 1969.
(b) 1991.
(c) 1983.
(d) 1972.

2. It cost Kroc how much to buyout the Frejlack Ice Cream interest in McDonalds?
(a) $10,000.
(b) $50,000.
(c) $5,000.
(d) $25,000.

3. How did Kroc view prices and price increases?
(a) The fifteen cent hamburger price had to be maintained.
(b) Price increases should be tied to the cost of living.
(c) McDonald's should charge the highest price the market would bear.
(d) Every penny mattered to the consumer.

4. When did the Des Plaines McDonald's open?
(a) January, 1956.
(b) Summer, 1955.
(c) January 1, 1955.
(d) April 15, 1955.

5. After Harry left McDonalds, he:
(a) Sold his stock.
(b) Remained a consultant to the company.
(c) Opened a rival business.
(d) Retired.

Short Answer Questions

1. When did McDonald's project they would payoff the loan?

2. Which state pioneered the drive-in food business?

3. What did McDonalds do for the first time in January 1961?

4. Kroc felt that it was good policy to continue new store development in an economic downturn because:

5. The man who helped arrange the financing for the buyout was:

(see the answer key)

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