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

Multiple Choice Questions

1. Which medical equipment becomes the fastest selling CT scan, with a tube life of 500,000 scans?
(a) Speed the Light CT.
(b) The LightSpeed CT.
(c) The Lightening Speed CT.
(d) The Speed of Light CT.

2. When GE bought RCA in 1985, which national television station was included in the deal?
(a) ABC.
(b) NBC.
(c) CNN.
(d) CBS.

3. Who loves the idea of melding manufacturing with financial ingenuity?
(a) Jack.
(b) Reg.
(c) Tom.
(d) Bob.

4. GE pays $3.5 million as punishment for its use of PCBs. What does the money fund?
(a) Landfill cleanup.
(b) River cleanup.
(c) A governmental bribe.
(d) Smog cleanup.

5. As Jack expands GE into globalization, what happens to U.S. jobs and facilities?
(a) Nothing changes.
(b) They flourish.
(c) They are shut down completely.
(d) They are reduced.

6. Who transforms GE Capital from a purely financial business into a thriving business that uses deal-making for operational skills?
(a) Talent from GE's industrial business.
(b) Members of Elfun.
(c) Former college classmates of Jack's.
(d) Interns.

7. How does Jack learn to play golf?
(a) By watching videos during work hours.
(b) By watching others while working as a caddy.
(c) Reg Jones taught him to play.
(d) He took lessons from Rooney.

8. On which network does Jack host his own show?
(a) CNN.
(b) CNBC.
(c) CABC.
(d) Fox News.

9. Which three TV shows turn around the entertainment sector of the GE-owned company?
(a) Designing Women, 60 Minutes, and The Jeffersons.
(b) The Simpsons, Married with Children, and Get a Life.
(c) Roseanne, 20/20 and L.A. Law.
(d) Frasier, Friends, and ER.

10. To whom does GE sell its investment banking firm?
(a) Paine-Webber.
(b) Chase, Manhattan.
(c) Kidder, Peabody.
(d) Carpenter-Welch.

11. Which GE teams get projects including improving call centers, increasing factory capacity, and reducing billing errors and inventory?
(a) Red Belt.
(b) Green Belt.
(c) Black Belt.
(d) Yellow Belt.

12. Which aspect of GE's business is the first to introduce long-term service contracts for the company?
(a) Lighting.
(b) Credit and financial.
(c) Medical systems.
(d) Appliances.

13. How long does it take GE to build the number 1 ultrasound imaging technology?
(a) Three years.
(b) Five years.
(c) Ten years.
(d) Four years.

14. What allows GE to expand markets and find new customers?
(a) E-business.
(b) E-mail.
(c) Easy Internet advertising.
(d) Equal Opportunity Act.

15. What was the single biggest obstacle facing the television station now owned by GE?
(a) The spread of HDTV.
(b) The spread of satellite TV.
(c) The spread of cable TV.
(d) The spread of reality show popularity.

Short Answer Questions

1. Who co-wrote the book that blames Jack for the broadcast company's failure?

2. How does investment banker Joseph Jett rip off the company?

3. Which GE teams get projects improving every day performance in their current positions?

4. How does Department of Justice investigation against GE end?

5. As GE begins redefining its markets, which industry is the first to be reorganized?

(see the answer keys)

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