Quiz: 2011 business news

Did you follow business news in 2011?  Take this quiz. 

1. What online company launched, then abandoned, an effort to repeal a new Internet sales tax law passed by the California Legislature?

A.     Ebay
B.     Amazon
C.     Overstock
D.     Facebook

2. After Steve Jobs stepped down in August, who replaced him as chief executive of Apple?

A.     Mark Hurd
B.     Meg Whitman
C.     Steve Wozniak
D.     Tim Cook

3. Which bank planned to institute a $5 a month fee for debit card usage, but backed down in the face of public outrage?

A.     Wells Fargo
B.     Citibank
C.     Bank of America
D.     US Bank

4. After a long debate, Congress agreed in the summer to raise what by at least $2.1 trillion?

A.     The debt limit
B.     The Social Security budget
C.     The Defense Department’s budget
D.     The price of a movie ticket

5. Netflix announced plans – which it later canceled – to change the name of its DVDs-by-mail service to what?

A.     Qwikster
B.     DiscNet
C.     FlixQuick.  
D.     New Coke

6. Walter Isaacsson’s biography of what business leader went immediately to the top of the bestseller lists when it was released in October?

A. Steve Jobs
B. Mark Zuckerberg
C. Christie Whitman
D. Larry Ellison

7. Which of these reached an all-time low in 2011?

A. Cable TV rates
B. Home prices
C. Inflation rate
D. Mortgage rates

 8. In April, as Europe’s financial situation worsened, which country became the latest to seek an international bailout?
 

A. Spain
B. Greece
C. Portugal
D. Ireland

9. Which of these is NOT the name of an Internet service introducted in 2011 to facilitate the storing and sharing of digital files?

A. iCloud

B. eCloud

C. Cloud Player

D. Music Beta

 Answers:

1. B; 2. D; 3. C; 4. A; 5. A; 6. A; 7. D; 8. C; 9. B

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