The Wall Street Journal Weekly Review & Quiz Covering front-page articles from October 15 – 21, 2005 Quiz Fall 2005 Issue #9 Developed by: Scott R. Homan Ph.D., Purdue University

1. Mr. Jon Lech Johansen is known for ______. a. creating his own versions of movies with Norwegian sub-titles b. cracking the encryption codes for DVDs and posting it on the Internet c. hacking into CIA and FBI files d. inventing a new computer

2. The process of copying DVDs to the hard drive or stored memory of a PC is known as ______. a. “tearing” b. “Johan-ing” c. “ripping” d. “faking”

3. The cities in inland China have ______. a. seen an increase in foreign investors b. little chance of attracting new businesses c. continued to decline into extreme isolation d. have seen little change since the 1970’s

4. Consumers in inland China ______. a. are slow to embrace change b. have taken a liking to American companies like Wal-Mart and KFC c. have fearfully avoided new companies d. don’t like fried chicken

5. Accelerating a deep restructuring of the U.S. auto industry, General Motors Corp. said it will slash ______for unionized retirees, pushing the United Auto Workers to make one of its biggest concessions since the early 1980s. a. wages b. discounts c. health-care coverage d. stock options

6. This month, giant auto supplier ______became the biggest corporate bankruptcy in the U.S. auto industry. a. Delphi Corp. b. Craft Inc. c. Walmart-Auto Inc. d. SIA Inc.

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Quiz: Page 1 of 5 7. In the State of Indiana ____ out of it’s 92 counties are on Eastern Standard Time year- round and ignore Day Light Savings time. a. 31 b. 77 c. 52 d. 5

8. Vowing to end the clock confusion, Indiana's state Legislature voted earlier this year to put the whole state on ______time. a. daylight-saving b. daylight-ending c. Central DST d. Mountain DST

9. The idea of letting workers divert some ______to personal retirement accounts is central to Mr. Bush's notion of an "ownership society" where Americans assume more responsibilities and risk. a. medicare payroll taxes b. social security payroll taxes c. IRS payroll taxes d. state payroll taxes

10. The government expects the Social Security program to run deficits by _____. a. 2007 b. 2017 c. 2037 d. 2067

11. For more than a decade, Diagnostic Products Corp.'s employees in China bribed doctors to buy laboratory-testing kits from a Los Angeles company. In May the company paid the price: U.S. authorities fined Diagnostic Products $______for violating U.S. anti-bribery laws. a. 2 dollars b. 2 million dollars c. 20 million dollars d. 200 dollars

12. As the Chinese middle class expands, the nation is spending nearly $______a year on health care. Medical devices and hospital products are a particularly fast-growing market, spurring top names such as Johnson & Johnson and Medtronic Inc. to expand in China. a. 100 million b. 854 million c. 100 billion d. 500 billion

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Quiz: Page 2 of 5 13. Howard Stringer, the Wales-born American named Sony's first non-Japanese CEO plans to layoff ______workers. a. 100 b. 1000 c. 10,000 d. 100,000

14. A major problem with slogans and other internal branding efforts is they ___ . a. are to hard to read b. end up as emblems of corporate wishful thinking, objects of satire, and indicators of how clueless upper management is c. don’t give the right image d. are misleading

15. The “splogs” affect which search engine the most? a. Google b. Yahoo c. Microsoft d. all of the above

16. Jon Lech Johansen, the 21-year-old Norwegian who infuriated movie makers by creating a program that allowed consumers to copy DVDs onto their computers, began work this week at a San Diego start-up Internet company called ______. a. MP3tunes b. ipod-tunes c. Oboe d. none of the above

17. To boost lagging sales, General Motors Corp.'s Saab brand is looking backward to its roots. Founded as ______maker in Sweden in 1937 by 16 engineers, Saab in a new advertising campaign claims "their spirit lives on." a. a train b. an airplane c. a ship d. a milk cart

18. Accountants and tax-law experts say, many self-directed IRA accounts are ______waiting to happen. a. cash cows b. accidents c. diamond opportunities d. riches

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Quiz: Page 3 of 5 19. As the world-wide bull market has begun to age, a trend has emerged in the past two years: Shares of companies in ______have outpaced their U.S. competitors. a. Europe and Asia b. South America and Africa c. Europe and Australia d. Africa and Asia

20. The Labor Department's monthly report on wholesale inflation likely will show that the prices companies are spending on goods are ______at the fastest pace in years. a. paining b. stabilizing c. falling d. gaining

21. Prior to the scandal last week, all of Refco, of which the futures unit was a key part, carried a market value of about $______. a. 3.6 billion b. 6 billion c. 3.6 million d. 6 million

22. Pentagon officials say the administration is aiming to trim between $______a year in planned defense spending from fiscal 2007 to 2012. a. 10 - 15 billion b. 100 - 150 billion c. 10 - 15 million d. 100 - 150 million

23. Bankruptcy long has been lucrative for lawyers and consultants, but the ______industry is providing an unusual bonanza. a. cruise b. credit card c. banking d. airline

24. Yahoo and ______are teaming up to jointly offer a feature-laden high-speed Internet service. a. Microsoft b. Bellsouth c. Dell d. IBM

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Quiz: Page 4 of 5 25. The tab to raise a kid in a middle-class household through age 17 is around $______, according to the U.S. Department of Agriculture. a. 184,000 b. 1,840,000 c. 500,000 d. 5,000,000

26. A raft of new ______banks are pushing up yields for savers. a. lo-CAL b. online c. FHA d. global

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Quiz: Page 5 of 5