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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. How many years does Jack serve as CEO of General Electric?
(a) 30.
(b) 10.
(c) 20.
(d) 15.

2. Which of the following is not a job held by young Jack?
(a) Theater janitor.
(b) Newspaper carrier.
(c) Shoe salesman.
(d) Mail carrier.

3. What is one business in his vice president's portfolio that Jack has no interest in at all?
(a) Petroleum conservation.
(b) Semiconductors.
(c) Medical plastics.
(d) Wind turbines.

4. Whose business management concepts does Jack use to support his ideas of good and bad business?
(a) Peter Drucker.
(b) Roy Johnson.
(c) Reg Jones.
(d) Bill Druckerman.

5. What does the learning/training curriculum show its participants?
(a) Who is being considered for promotion.
(b) That the company spends a lot on training.
(c) That the company invests a lot on training.
(d) There is no single right way and often there is an alternate, better way.

Short Answer Questions

1. How does Jack illustrate his "No. 1 or No. 2, Fix, Sell or Close" strategy?

2. What price does GE pay to purchase RCA?

3. Which facility does Jack want to transform into a world-class center where ideas are spread in an open environment?

4. What does Jack call the phenomenon when usually strong, self-confident managers panic and lose confidence?

5. What expands GE's semiconductor, aerospace, and TV set business?

Short Essay Questions

1. As Jack gets closer to GE's big leagues, what does he learn about the company's routine employee appraisals?

2. Why does the media begin to refer to Jack as "Neutron Jack"?

3. What are Jack's beliefs regarding self-confidence?

4. What is Jack's vision for GE when he takes over as CEO?

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

6. What basic ideas does Jack say he hopes his book will communicate?

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

8. What frustrates Jack about the scientists he deals with when he first goes to work for GE?

9. How does the nuclear incident at Three Mile Island affect GE's business?

10. What is a "Work-Out" and what is its role in GE?

(see the answer keys)

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