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

Multiple Choice Questions

1. Michael Jensen refers to company stock options as what in Chapter 2?
(a) "Cocaine for businessmen."
(b) "Managerial heroin."
(c) "Wall Streets marijuana."
(d) "A trough of money."

2. In finance, what is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price?
(a) Bond.
(b) Trade-off.
(c) Option.
(d) Portfolio.

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

4. 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.

5. Who introduced the Hope credit?
(a) John F. Kennedy.
(b) Bill Clinton.
(c) Ronald Reagan.
(d) George W. Bush.

Short Answer Questions

1. When did the Korean War begin?

2. OPEC has maintained its headquarters where since 1965?

3. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?

4. What does OPEC stand for?

5. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?

(see the answer key)

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