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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 14.

Multiple Choice Questions

1. Kroc's philosophy regarding opportunity is to:
(a) Stay with the security of a job.
(b) Carefully sort through opportunities.
(c) Ignore opportunities.
(d) Take advantage of every opportunity that presents itself.

2. Kroc fulfilled one of his dreams on March 8, 1969 when he:
(a) Set out on a world cruise.
(b) Married Joni.
(c) Purchased the Chicago Cubs.
(d) Formally retired from McDonalds.

3. According to the agreement, Kroc would receive a franchise fee of:
(a) $500.
(b) $950.
(c) $1,500.
(d) $250.

4. Who did Kroc name as president?
(a) Dick Boylan.
(b) June Martino.
(c) Luigi Salveneschi.
(d) Fred Turner.

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

Short Answer Questions

1. What job did Ray hold in the Chicago financial market?

2. Who caused the big crisis McDonald's faced because of mechanic's liens?

3. One of the biggest problems in California was with:

4. Which was not an area of the McDonald's business that Kroc remained active in?

5. Ray Kroc met Bill Veeck:

(see the answer key)

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