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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 18, When to Fight, When to Fold.

Multiple Choice Questions

1. What kind of environment does Jack say is best for making necessary changes and modernizing the company?
(a) Informal.
(b) A business-type monarchy.
(c) Formal.
(d) A dictatorship.

2. How are GE's profits used in 1984?
(a) Nice bonuses for upper level execs.
(b) Reinvested to improve the company's competitiveness.
(c) One-time bonus for all employees.
(d) Raises for all employees.

3. When melding manufacturing with financial ingenuity, what kinds of employees make the difference?
(a) Accountants.
(b) Loyal.
(c) Nonchalant.
(d) Creative.

4. What does Jack learn he must do in order to succeed at GE?
(a) He must learn all about the company.
(b) He must work in the boiler room with the lowest paid employees.
(c) He must go back to college for extra classes.
(d) He must practice better hiring procedures.

5. Which country's air force benefits from laundered GE money?
(a) Afghanistan.
(b) Israel.
(c) United States.
(d) Iran.

Short Answer Questions

1. How does Jack describe himself in Chapter 4 when he becomes a businessman?

2. On which network does Jack host his own show?

3. What are the human resources meetings called that are held at each GE business location?

4. Which GE business sold was the largest aerospace deal in history when it occurred in 1988?

5. What does Jack say in a Business Week interview that he realizes he should not change in order to make GE become more competitive?

(see the answer key)

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