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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay 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 much was Jack's first pay raise at GE?
(a) $85 per month.
(b) $100 per month.
(c) $1,000 per year.
(d) $1,000 per month.

3. In which year was Jack appointed as CEO?
(a) 2005.
(b) 2000.
(c) 1980.
(d) 1990.

4. What does Jack give GE managers for empowerment?
(a) A worry stone.
(b) Less work.
(c) Delegated authority.
(d) More responsibilities.

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

Short Answer Questions

1. What is Jack's highest level of education when he begins working at GE?

2. What company does Jack try to buy to increase GE's exposure?

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

4. How does Jack say strong teams are built?

5. What is the evaluation system that works well for several years, until employees find a way to "game" it?

Short Essay Questions

1. What is Jack's unique approach to marketing industrial plastics in the 1970s?

2. Why is Jack disgruntled with his first $1,000 raise at GE?

3. Why does Jack promote selling the GE Housewares division?

4. What does Jack learn about "academic pedigrees"?

5. What does Jack learn about discipline after he blows up one of GE's factories?

6. Explain Jack's idea of a "boundaryless" company.

7. Describe the management team that Jack builds for GE.

8. What is the accepted business philosophy of the 1980s?

9. Briefly outline the trade between GE and a French government-owned electronics company and its benefit to GE.

10. How does Jack's mother teach him the value of competition?

(see the answer keys)

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