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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) 1982.
(b) 1989.
(c) 1969.
(d) 1977.

2. When did the Korean War begin?
(a) 1948.
(b) 1950.
(c) 1931.
(d) 1959.

3. What is the capital of the Democratic People's Republic of Korea?
(a) Beijing.
(b) Honk Kong.
(c) Pyongyang.
(d) Osaka.

4. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
(a) An aphrodesiac.
(b) An alkaloid.
(c) An evil potion.
(d) A poison.

5. 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) Portfolio.
(c) Trade-off.
(d) Option.

6. What country withdrew from OPEC in 2008 after it became a net importer of oil?
(a) Indonesia.
(b) The United States.
(c) Egypt.
(d) Mexico.

7. What is a form of tourism involving visiting fragile, pristine, and usually protected areas, intended as a low impact and often small scale alternative to standard commercial tourism?
(a) Geotourism.
(b) Nativetourism.
(c) Ecotourism.
(d) Hippytourism.

8. What term was first used in the early 1990s to denote an organization's reputation as an employer?
(a) The Juche Idea.
(b) Trade-off.
(c) Employer branding.
(d) Futures contract.

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

10. According to the author, insurance companies want to save money while doctors want to help patients and avoid what?
(a) Getting sued.
(b) Spreading diseases.
(c) Unnecessary fatalities.
(d) Losing their medical license.

11. What contends that prices of publicly traded assets reflect all publicly available information?
(a) Supply and demand.
(b) The efficient market hypothesis.
(c) Adverse selection.
(d) The uniform pay scale.

12. What is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame?
(a) Adverse selection.
(b) Futures contract.
(c) Asset allocation.
(d) Money market.

13. According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what?
(a) Interest free payments.
(b) Government bonds.
(c) Regular debit payments.
(d) A percentage of their annual income.

14. What is an investment position intended to offset potential losses that may be incurred by a companion investment?
(a) Hedge.
(b) Deductible.
(c) Bond.
(d) Futures contract.

15. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?
(a) The government.
(b) Religious institutions.
(c) Corporations.
(d) Nonprofit organizations.

Short Answer Questions

1. When did the Korean War end?

2. North Korea is a single-party state under a united front led by what party?

3. Where did politicians try to deal with the level of pollution by limiting driving based on license plate numbers, according to the author in Chapter 2?

4. Who introduced the Hope credit?

5. What is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level?

(see the answer keys)

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