Business Quiz 3-28-23

Nike's new signature shoe for WNBA star ___ includes "Easter eggs" about her personal story.

• Dawn Staley

• Sheryl Swoopes

• Breanna Stewart

• Sabrina Ionescu

A ___ is a name, term, design, symbol or any other feature that identifies a business’ good or service and distinguishes it from other sellers.

• Trademark

• Brand

• Logo

• Corporation

Q Score measures the percentage of Americans who are familiar with a personality and view them favorably. Michael Jordan is tied with what other three athletes for the highest current Q score?

• Shaq, Stephen Curry, Joe Burrow

• Jerry Rice, Cristiano Ronaldo, J.J. Watt

• Simone Biles, Patrick Mahomes, Lionel Messi

• Arnold Palmer, Floyd Mayweather, Lebron James

A ___ is an organization that has a separate legal personality from its owners.

• Sole proprietorship

• Corporation

• Board of directors

• Ad hoc committee

Shaq is a wealthy guy, investing in a wide variety of businesses. Which of the following is not a franchise in which Shaq invests?

• Krispy Kreme

• 24-Hour Fitness

• Papa John's

• Starbucks

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet, is called what?

• Mass marketing

• Crowdfunding

• Bitcoin

• Macroeconomics

Which of the following business headlines is real?

• Crypt-Trip? Kwik Trip Announces Plans to Accept Only Bitcoin By 2026

• Bucks Star Brook Lopez Partners with Hey Dude on Affordable Basketball Shoe

• Trader Joe's Defends Selling Dark Chocolates That Contain Lead

• Sheik Mohammed bin Salman Pays Morgan Wallen $3.4 Billion to Play Exclusively in Saudi Arabia for One Year

What is a freemium model?

• A pricing strategy where a base level product is offered for free, but additional features charge a fee.

• Money made through operations, minus paying for capital expenditures.

• An innovation that creates a new market, and displaces market leaders.

• Not a great idea.

German company Klosterbrauerei Neuzelle recently created what?

• An enormous pretzel

• The world's first powdered beer

• A driverless motorcycle

• The world's first successful soccer-themed Metaverse

What is a line of credit?

• A dedicated telephone line that only a specific business can use.

• The process in which individual employees are acknowledged for their good work.

• Sort of like a bake sale, but with auto parts, and only in September.

• A predetermined amount of money that a bank or credit union has agreed to lend to a business, as needed.