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

Multiple Choice Questions

1. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?
(a) Keeping enough money on hand.
(b) Using their own money.
(c) Paying out interest.
(d) Analyzing risk.

2. In what year did the French government try to address its unemployment rates with what the author calls the economic equivalent of fool's gold?
(a) 2000.
(b) 1993.
(c) 1997.
(d) 1988.

3. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?
(a) Necklaces.
(b) Paperweights.
(c) Funnels.
(d) Daggers.

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

5. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Recession.
(b) Index.
(c) Predictability.
(d) Security.

Short Answer Questions

1. OPEC is an intergovernmental organization of how many oil-producing countries?

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

3. According to the author in Chapter 2, a horn from a black rhinoceros can fetch what amount on the black market?

4. What does CEO stand for?

5. Michael Jensen is a professor at what university's business school?

(see the answer key)

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