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

Multiple Choice Questions

1. What does Jack say his book is about?
(a) Buying his way to the top.
(b) Maintaining a simple approach and keeping an open mind.
(c) The wrongs he faced in corporate America.
(d) His keen leadership abilities.

2. How does the plastics industry fare in the 1970s?
(a) It almost falls through completely.
(b) It grows fast.
(c) One small flaw breaks the whole industry.
(d) Environmental concerns halt plastics production.

3. How does Jack resolve the complaint of the employees who have trained at the GE learning center?
(a) By building another gym for employees to work out their aggressions.
(b) By closing the facility.
(c) Be developing the Work-Out program.
(d) By sending training manuals to all employees.

4. Which organization started out as a group of elitists but opened its membership and transformed into a group of volunteers?
(a) Elfun.
(b) United Way.
(c) Boy Scouts of America.
(d) Unicef.

5. Which magazine features Jacks "No. 1 or No. 2" strategy in a cover story?
(a) USA Today.
(b) Newsweek.
(c) Forbes.
(d) Time.

6. Why was Jack appointed CEO of the company?
(a) The retiring CEO believes Jack is the one who can most effectively help the company change and grow.
(b) Everyone else was fired after the scandal. Jack was the only one with seniority.
(c) Jack was the retiring CEO's nephew.
(d) No one else wanted the job.

7. How does Jack lose his college scholarship funded by the country club?
(a) He insults a club member.
(b) He breaks a window with a golf club.
(c) He flirts with a member's wife.
(d) He shows up for work drunk.

8. What is Jack's business philosophy of the 1980s?
(a) Use the media to make your company look like it's doing better than it really is.
(b) For a business to be sustainable, it must have a long-range competitive solution.
(c) For a business to be profitable, it must have a margin of 90 percent or greater.
(d) When a business is showing a loss, fix it on the surface and sell quickly.

9. Jack says it is important for managers to know when...
(a) To hug and when to kick.
(b) To hold them and when to fold them.
(c) To walk away and know when to run.
(d) To quit and when to fire.

10. 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 practice better hiring procedures.
(d) He must go back to college for extra classes.

11. What price does GE pay to purchase RCA?
(a) $3.6 billion.
(b) $3.6 million.
(c) $6.3 million.
(d) $6.3 billion.

12. What setback keeps Jack from attending one of the two colleges of his choice?
(a) Losing his ROTC scholarship to a friend.
(b) His mother begs him not to move far away.
(c) His mother's health.
(d) Rejection for an ROTC scholarship.

13. What is the evaluation system that works well for several years, until employees find a way to "game" it?
(a) The 360-degree evaluation.
(b) The 6-degrees of separation.
(c) The 90-degree evaluation.
(d) The 180-degree evaluation.

14. Who is Jack's first professional mentor at GE?
(a) Dr. Dan Fox.
(b) Lee Iacocca.
(c) Dr. Harry Drickman.
(d) Burt Coplan.

15. What, according to Jack, is GE's core competency?
(a) Cash.
(b) People.
(c) Credit.
(d) Factories.

Short Answer Questions

1. Where does Jack choose to advertise his plant's new plastics?

2. How does Jack say strong teams are built?

3. Which investments does Jack find himself explaining and quite often defending?

4. Who blows up one of GE's factories?

5. Which of the following is not a job held by young Jack?

(see the answer keys)

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