View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

Multiple Choice Questions

1. When did Ross Perot found Electronic Data Systems?
(a) 1971.
(b) 1962.
(c) 1977.
(d) 1955.

2. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Prohibitive.
(b) Maintained.
(c) Raised.
(d) Lowered.

3. In what political structure does the government set the price and decide what's on the shelves?
(a) Capitalism.
(b) Marxism.
(c) Utopianism.
(d) Communism.

4. 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) Freedom for the German people.
(b) Brand recognition.
(c) World domination.
(d) Reinstitution of Communism.

5. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?
(a) Ronald Coase.
(b) George Stigler.
(c) Mark Miringhoff.
(d) Roberto Goizueta.

Short Answer Questions

1. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

2. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?

3. What contends that prices of publicly traded assets reflect all publicly available information?

4. In economics, what is a good that is non-rival and non-excludable?

5. What, according to the author, motivates talented teachers to leave to go onto other professions?

(see the answer key)

This section contains 233 words (approx. 1 page at 300 words per page) View a FREE sample