The Wall Street Journal Weekly Quiz s25

Answer Key The Wall Street Journal Weekly Quiz Covering front-page articles from Month April 18 – 22, 2005 Issue #15 Developed by: Scott R. Homan Ph.D., Purdue University

Questions 1 – 12 from The First Section, Section A

1. In a recent merger announcement ____announced the acquisition of _____. a. Microsoft, Macromedia b. Adobe Systems, Macromedia Correct c. Macromedia, Adobe Systems d. Adobe Systems, Microsoft

2. Microsoft already regards PDF's success as (a) ______. a. short term threat b. long-term threat Correct c. possible short term threat d. no threat

3. Identify the onetime corporate raider who has recently become Blockbuster's biggest shareholder. a. Wayne Huizenga b. Carl Icahn Correct c. John Antioco d. John Scott

4. Blockbuster’s primary stockholder wanted the chairman of Blockbuster to ___. a. buy more movies in science fiction b. sell the company c. sell computers at stores d. pay a big dividend to shareholders Correct

5. In November, Child magazine's Technology Editor James Oppenheim appeared on a local television show in Austin, Texas, and reviewed ______. a. new magazine publications b. new children’s clothes c. family vacations d. educational gadgets and toys Correct

6. There was one detail the audience didn't know: Mr. Oppenheim ______. a. is not a U.S. citizen b. does not use the products c. was paid to mention the products Correct d. is doing a children’s movie next year

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Answer Key: Page 1 of 4 7. Tens of thousands of Chinese began demonstrating three weeks ago over Japan's approval of new ______. a. taxes b. visa requirements c. money policies d. history textbooks Correct

8. With a gross domestic product nearly half the size of the U.S.'s, Japan is the world's ______economy. a. second-largest Correct b. third-largest c. sixth-largest d. tenth-largest

9. At the International Hotel/Motel and Restaurant trade show in New York, Mr. Schulz spoke at a symposium called ______. a. "Stop the Spread of Lyme Disease." b. "Stop the Spread of Bedbugs." Correct c. "Stop the Spread of the Flu." d. "Stop the Spread of Disease."

10. Bedbugs are not known to transmit ______but they nest on or near mattresses and feed at night by biting and sucking the blood of people as they sleep. a. lyme disease b. flu disease c. keyed disease d. any disease Correct

11. Identify the exchange that plans to merge with Archipelago Holdings Inc. a. Nasdaq b. American Stock exchange c. New York Stock Exchange Correct d. Tokyo Stock Exchange

12. The advances of technology in recent decades have made the business of trading stocks ______. a. overly routine b. slower paced c. more difficult d. faster-paced and highly intense Correct

Questions 13 – 17 from Marketplace, Section B

13. China now ranks as the world's ______car market, and manufacturers are hiring designers who can tailor cars for Chinese drivers and translate their needs and aspirations into plastic and steel.

14. The NFL announced yesterday that "Monday Night Football" will shift to the network ______. a. NBC b. ABC c. ESPN Correct d. ESPN2

15. The problem of unqualified employees rising through the ranks is well chronicled in Laurence Peter's 1969 book, and called the ______. a. Peter Principle Correct b. Loser Principle c. Inept Manager Principle d. Laurence Principle

16. Lenovo's chief executive Steve Ward will run China's largest personal-computer company from ______. a. suburban New York Correct b. Raleigh, N.C c. Japan d. Hong Kong

17. Forth & Towne will market towards what group? a. baby-boomer men b. 8 year old -16 year old women c. 18 year old -22 year old women d. baby-boomer women Correct

Questions 18 – 22 from Money & Investing, Section C

18. David Kotok head of money-management firm Cumberland Advisors in Vineland, N.J. and other market analyst consider that the Bull market is ______. a. slowing down Correct b. speeding up a lot c. unstoppable d. speeding up

19. The major beneficiary of the shift in capital due to globalization is _____. a. India b. South Korea c. South Africa d. China Correct

© Copyright 2005 Dow Jones & Company, Inc. All rights reserved. WSJ Answer Key: Page 3 of 4 20. The Supreme Court reined in securities fraud class-action lawsuits, ruling that investors who allege losses due to misrepresentations by companies must show ______. a. that all management knew about the lies b. that the CEO knew about the lies c. that the accounting firm knew about the lies d. that the lies were to blame Correct

21. In an unusual move, the ______is challenging the Justice Department's efforts to secure long prison terms for five individuals convicted of conspiracy and fraud in the EnronCorp scandal. a. Whitehouse b. Congress c. Chamber of Commerce Correct d. Securities and Exchange Commission

22. During the past decade, Europe's stock exchanges have replaced traders with ______. a. day traders b. secretaries c. low wage college student traders d. computers Correct

Questions 23 – 25 from Personal Journal, Section D

23. In many parts of the U.S. home sales are ______. a. getting off to a weak start b. getting off to a strong start Correct c. impossible due to high interest rates d. impossible due to lending requirements

24. As part of an ongoing effort to make Americans healthier, the government recently unveiled a revamped ______. a. food labeling system b. food safety code c. color-coded food pyramid Correct d. color-coded protein bar

25. As part of a new fashion trend Seventeen-year-old Bryan Blase sees girls at school wearing T-shirts that announce: "Boys are ______.” a. Stupid Correct b. Smart c. Cute d. Rock Targets