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

Multiple Choice Questions

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

2. 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 profitable, it must have a margin of 90 percent or greater.
(c) For a business to be sustainable, it must have a long-range competitive solution.
(d) When a business is showing a loss, fix it on the surface and sell quickly.

3. What does Jack cut with the help of his CFO?
(a) Lots of factory jobs.
(b) Lots of health care expenses.
(c) Bureaucracy and non-essential internal data.
(d) Extra money spent for family insurance benefits.

4. How old is Jack when he is promoted to a vice president for GE?
(a) 36.
(b) 23.
(c) 43.
(d) 56.

5. How much was Jack's first pay raise at GE?
(a) $1,000 per month.
(b) $85 per month.
(c) $100 per month.
(d) $1,000 per year.

6. Who instills management beliefs in Jack that include both competing and facing reality?
(a) His coach.
(b) His father.
(c) His mother.
(d) His grandfather.

7. How long were Jack and his first wife married?
(a) 7 years.
(b) 17 years.
(c) 28 years.
(d) 46 years.

8. What is Jack's highest level of education when he begins working at GE?
(a) Bachelor's
(b) Associate's
(c) Doctorate
(d) Master's.

9. Which GE business sold was the largest aerospace deal in history when it occurred in 1988?
(a) TV manufacturing business.
(b) Cable business.
(c) Semiconductor business.
(d) Refrigeration business.

10. Which company's restructuring is prefaced by government bailout and public struggle to avoid bankruptcy?
(a) Chrysler.
(b) Bell Telephone.
(c) GE.
(d) Ford.

11. What nickname does the media pin on Jack?
(a) Jimmy Neutron.
(b) Neuron Jack.
(c) Neutron Jack.
(d) Jackie Neutron.

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

13. Which company originally started the concept of QMI?
(a) General Electric.
(b) Chrysler.
(c) Ford.
(d) Wal-Mart.

14. Which non-labor department does Jack expand at his plastics facility in the 1970s?
(a) Marketing.
(b) Construction.
(c) Mail Room.
(d) Catering.

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

Short Answer Questions

1. What is the response of Jack's boss when Jack complains about his first pay raise?

2. Which two new-hires become important advisers to Jack for the remainder of his career with the company?

3. What is GE's TV manufacturing business traded for?

4. According to an employee evaluation system, which employees are passionate, innovative, open minded, and creative?

5. Which company originally used QMI?

(see the answer keys)

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