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

Multiple Choice Questions

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

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

3. What plays an important role in growing GE's services?
(a) Promotion.
(b) Acquisition.
(c) Expense reduction.
(d) Employee health care.

4. Once the investment banking firm situation is stabilized, who takes over?
(a) Jack Welch.
(b) Mike Carpenter.
(c) Si Cathcart.
(d) Jack Webber.

5. Which GE teams get projects improving every day performance in their current positions?
(a) Black Belt.
(b) Red Belt.
(c) Yellow Belt.
(d) Green Belt.

6. As he leaves his position as GE's CEO, what type of workplace is Jack certain he built for the company?
(a) A bureaucracy.
(b) A meritocracy.
(c) A monarchy.
(d) A hierarchy.

7. To what does Jack compare his first 10 years as CEO?
(a) Marriage.
(b) War.
(c) Primary school.
(d) Heaven.

8. What claim against GE does the Department of Justice investigate in 1991?
(a) Price-fixing of diamonds.
(b) Price-fixing of stereos.
(c) Price-fixing of TVs.
(d) Price-fixing of home surround sound systems.

9. Jack says China is more than a market. What does he say it is?
(a) A fast-growing competitor.
(b) A huge obstacle.
(c) Not worth selling into.
(d) A political obstacle.

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

11. To what is part of GE's annual $50 billion in goods and services transferred?
(a) Website production.
(b) Medical services.
(c) Lighting development.
(d) Online auctions.

12. When does David Letterman move his show to CBS?
(a) After GE offers him large amounts of money to do so.
(b) After Jay Leno is chosen to host The Tonight Show.
(c) When he learns the network wants to move his show to California.
(d) After GE buys CBS.

13. How many years before his planned retirement does Jack begin the process of selecting a successor?
(a) 7 years.
(b) 7 days.
(c) 7 months.
(d) 7 weeks.

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

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

Short Answer Questions

1. In GE's Internet business, what is the new role of salespeople?

2. Who initially questions GE's quality of products and services?

3. As Jack attempts to buy the business that complements GE in various areas, what stumbling block does he face?

4. Where are the two shops acquired by GE that reduce the company's cost of servicing engines?

5. Which business complements GE in various areas, but does not have products that directly overlap?

(see the answer keys)

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