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

Multiple Choice Questions

1. Who does Jack defeat in a 36-hole golf match played in Nantucket?
(a) Frank Rooney.
(b) Bill Gates.
(c) Scott McNealy.
(d) Warren Buffet.

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

3. What acquisition will delay Jack's retirement?
(a) Honeywell.
(b) Samsung.
(c) British Airways.
(d) Phillips.

4. Who is recruited to help GE's online presence?
(a) Younger software-savvy talent.
(b) Younger computer game-savvy talent.
(c) Younger network-savvy talent.
(d) Younger Internet-savvy talent.

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

6. How does Department of Justice investigation against GE end?
(a) The company makes a plea arrangement.
(b) Jack gets a not guilty verdict.
(c) The case is dismissed.
(d) Jack pleads guilty to a misdemeanor.

7. Which aspect of the business complementary to GE fits well with GE's aircraft engine industry?
(a) Repair shops for plane engines.
(b) TV picture tube manufacturing.
(c) Wireless electronics.
(d) High-tech avionics.

8. When does the list of candidates for Jack's successor narrow to the final three?
(a) In 1995.
(b) In 1998.
(c) In 2000.
(d) In 1999.

9. Where is Jack's successor introduced?
(a) In a highly televised press conference.
(b) At the company picnic.
(c) In expensive primetime advertising on ABC.
(d) At an economic briefing hosted by president-elect George W. Bush.

10. How many candidates does Jack start with in 1994 as he seeks his successor?
(a) 19.
(b) 8.
(c) 23.
(d) 25.

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

12. To what does Jack credit the success of GE Capital?
(a) Incredible creativity, science, and research.
(b) Work-out sessions at the factories.
(c) Brainstorming sessions at Crotonville.
(d) Incredible amounts of intensity, ingenuity, and entrepreneurship.

13. What results in greater customer intimacy for GE?
(a) Technology investments.
(b) Financial services investments.
(c) Medical investments.
(d) Improved public relations.

14. Who does Golf Digest rank as the Number 2 CEO golfer?
(a) Scott McNealy.
(b) Reg Jones.
(c) Bill Gates.
(d) Jack Welch.

15. What does Jack decide is the best way to differentiate GE from Japanese companies?
(a) He appoints Anne Abaya to be head of the company's human resources in Japan.
(b) He promotes GE as the employer of choice for women.
(c) All the answers are correct.
(d) He pays a senior female employee who speaks Japanese to be in an ad campaign.

Short Answer Questions

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

2. What is the outcome of GE's attempt to buy the company that complements GE in various areas?

3. To what is part of GE's annual $50 billion in goods and services transferred?

4. Once the investment banking firm situation is stabilized, who takes over?

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

(see the answer keys)

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