WLAC - Accounting and Business Management

Accounting and Business Classes and Careers at
WEST LOS ANGELES COLLEGE
9000 Overland Ave. Culver City, CA 90230
Tel: (310) 287 - 4200

Test Your Business IQ

How much do you know? Take this quiz and find out. Just click on the answer you think is the best for each question.

1.	How did stocks get the name “Blue Chip?”
	A. They are the highest value and the sky is high
	B. IBM was the first stock with that name
	C. Named after the poker chip, blue is the highest available
	D. It has no meaning, they just picked a color
	E. None of the above

2.	What does the company name, “Motorola” mean?
	A. A combination of “motor” and “ola” for their years as a car radio company
	B. It has no meaning, just a made up word
	C. It was the name of the wife’s parents, her maiden name
	D. It’s an old German song
	E. None of the above

3.	Of Pepsico’s earnings, what percentage are from carbonated cola drinks?
	A. 20%
	B. 25%
	C. 30%
	D. 35%
	E. 50%

4.	Over one-half of the nation’s Gross Domestic Product is made up by small businesses.
	A. Yes
	B. No

5.	Who said, “Microsoft is like a great white shark...devouring everything in its path”
	A. New York Times
	B. Washington Post
	C. Los Angeles Times
	D. Chicago Tribune
	E. Dallas Morning News

6.	Who said, “In the modern world of business, it is useless to be a creative original thinker unless you can also sell what you create. Management cannot be expected to recognize a good idea unless it is presented to them by a good salesman.”
	A. David Ogilvy
	B. Steve Jobs
	C. Jeffrey Veen
	D. David Rockerfeller
	E. Warren Buffet

7.	Who said, “Good design can't fix broken business models.”
	A. David Ogilvy
	B. Steve Jobs
	C. Jeffrey Veen
	D. David Rockerfeller
	E. Warren Buffet

8.	Who said, “In the business world, the rearview mirror is always clearer than the windshield.”
	A. David Ogilvy
	B. Steve Jobs
	C. Jeffrey Veen
	D. David Rockerfeller
	E. Warren Buffet

9.	The Coca Cola trademark was originally registered describing the soft drink as “nutrient or tonic beverages.”
	A. Yes
	B. No

10.	“I don't need a marketing plan or marketing materials. This product/service sells itself.”
	A. Yes
	B. No

Take our classes and you'll learn the reasons behind these answers -- and a lot more!