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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. What does CEO stand for?
(a) Continental Energy Options.
(b) Chief Executive Officer.
(c) Civil Engineer's Office.
(d) Cheap Everpresent Oil.

2. What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value?
(a) Differential equation.
(b) Human capital.
(c) Futures contract.
(d) Index fund.

3. When did the Cuban Revolution end?
(a) 1996.
(b) 1959.
(c) 1984.
(d) 1979.

4. What describes the extent to which time or effort is well used for the intended task or purpose?
(a) Efficiency.
(b) Proximity.
(c) Reliability.
(d) Intention.

5. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) Brand recognition.
(b) World domination.
(c) Freedom for the German people.
(d) Reinstitution of Communism.

Short Answer Questions

1. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?

2. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?

3. What is a collective investment scheme that aims to replicate the movements of an index of a specific financial market regardless of market conditions?

4. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?

5. Cuba remained a territory of Spain until the Spanish-American War ended in what year?

(see the answer key)

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