The Wall Street Journal Weekly Quiz
Covering front-page articles from
Sept 6– Sept 9, 2005
Developed by: Scott R. Homan Ph.D.,
Purdue University
Issue #3 Fall 2005
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
1) The past five years
have witnessed a burst
stock bubble, terrorist
attacks, corporate
scandals, wars in
Afghanistan and Iraq,
and a doubling in
crude oil prices. Yet
the economy, after a
________________ in
2001, has embarked
on a solid expansion
with little inflation.
a) mild expansion
b) mild recession
c) major expansion
d) major recession
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
2) In August, the U.S.
unemployment rate
fell to ________%,
a four-year low.
a) 2.7
b) 4.9
c) 6.8
d) 7.6
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
3) In elections this Sunday,
Japan’s Prime Minister
Junichiro Koizumi, is
betting he can win a
mandate to engineer a
shift no other Japanese
leader has ever dared.
His goal: To cut off the
decades-long tradition of
propping up Japan's
declining ____________,
and channel resources
into the nation's
successful cities and
industries instead.
a) auto industry
b) Class 3 cities
c) countryside
d) bowling industry
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
4) To achieve that vision,
Mr. Koizumi plans to
dismantle one of the
countryside's biggest
crutches, the huge and
unusual
_______________,
which acts as a bank
and insurer. It is a vast
network of 26,000
offices with 280,000
public employees, plus
$3 trillion in savings
and life-insurance
deposits.
a) public library
b) post office
c) Tokyo Red Cross
d) Sony Alumni Club
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
5) While power outages,
flooding and battered
pipelines will keep
many refineries from
returning to full
operations for days or
weeks, and in some
cases for months, it
now appears that
_______ of the lost
refinery output in the
region will be restored
soon.
a) 25%
b) 30%
c) 50 %
d) 100 %
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
6) Facilities in the
Gulf of Mexico
accounts for about
_______ of U.S.
domestic oil
production and
21% of domestic
U.S. gas
production.
a) 10 %
b) 29 %
c) 69 %
d) 80 %
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
7) Mr. Michael Pillsbury, a fluent Mandarin
speaker and author of three esoteric
books on Chinese military strategy, has
become one of the Pentagon's most
influential advisers on China, with a direct
line to many of Defense Secretary Donald
Rumsfeld's top aides. After decades spent
nurturing contacts within China's military,
Mr. Pillsbury has amassed mounds of
Chinese-language military texts and
interviewed their authors to get a grip on
China's long-term military aims. His
conclusion has rattled many in
Washington: China sees the U.S. as
_______________________.
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a) an economic
rival
b) a military
rival
c) an economic
model
d) a military
model
WSJ Weekly Quiz
Sep 6– Sep 9, 2005
8) Thanks in part to Mr.
Michael Pillsbury's
nudging, the Pentagon has
staked out a particularly
wary view of Beijing's
global intentions. "We
must start with the
acknowledgement, at
least, that we are
unprepared to understand
Chinese
______________," Mr.
Pillsbury says. "And then
we must acknowledge that
we are facing in China
what may become the
largest challenge in our
nation's history."
a) thinking
b) work ethic
c) global ambition
d) leadership
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
9) In 1973 Honda
launched the
______________
model of automobile
into the American
market. It was an
instant, if accidental,
hit in part due to its
easily souped-up
engine, sporty looks,
low price, and high gas
mileage.
a) Civic
b) Accord
c) B210
d) Mustang
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
10) Honda CEO Mr. Fukui,
who took over in 2003,
is trying to rid the
company of its
conservatism. He says
in an interview that
Honda was afflicted by
"_______________"
in the way it develops
technology, conducts
product-planning and
markets its vehicles.
a) big-company
disease
b) small-company
disease
c) poor leadership
d) stale thinking
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
11) As takeover
activity quickens
and investors'
tolerance for poor
corporate
performance
shrinks, more
people are being
offered jobs with
high __________.
a) recent turnover
b) salaries
c) expectations
d) financial goals
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
12) In modern political
terms, the hundreds of
thousands of people
left homeless by
Hurricane Katrina are
considered
"________________"
-- people forced out of
their communities not
because of a tyrannical
government or violent
civil war but because
of a natural disaster.
a) environmental
refugees
b) weather refugees
c) temporary refugees
d) financial refugees
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
13) Mr. Kabacoff, whose firm,
Historic Restoration Inc., is
operating from a temporary
office in Houma, La., about 50
miles southwest of New Orleans
hopes that his study produced
over the last year, dubbed
Operation Rebirth, will become a
road map to create the new New
Orleans. The study, which seeks
to reinvigorate rundown
stretches of the city, envisions
an
"______________________,"
with garden-lined boulevards, an
African-American cultural
district, a modern trolley system
and 25,000 revitalized homes -houses that were left to rot long
before Katrina arrived.
a) Afro-Caribbean Paris
b) Afro-English London
c) Afro-Asian Hong Kong
d) Afro-Australian Sidney
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
14) Less than two weeks
after Hurricane Katrina
knocked out its
corporate
headquarters in New
Orleans and its only
factory in Long Beach,
Miss., ____________
is hoping to begin
building vacuum
cleaners again today.
a) Rugby Corp.
b) Maytag Corp.
c) Vac Corp.
d) Oreck Corp.
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
15) Damage
estimates for
Hurricane Katrina
have continued to
mount, rising to
more than $___
overall, with
between $14 billion
and $35 billion on
the insurance
industry's tab.
a) 40 billion
b) 50 billion
c) 80 billion
d) 100 billion
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
16) Some airlines
have locked in
lower bills with
_____________,
essentially
insurance policies
that let a carrier
procure fuel at
advantageous
prices in the
future.
a) fuel hedges
b) fuel storage
tanks
c) fuel storage
systems
d) fuel farms
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
17) An easy way for
investors to insure
against stockmarket losses is
through buying
_____________,
which allow
investors to sell at
a set price.
a) put options
b) chip options
c) pitch options
d) wedge options
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
18) The NYSE's
enforcement division
has warned more than
20 firms that they
could face fines in
excess of a million
dollars for submitting
incomplete or
inaccurate
______________ to
regulators.
a) trading data
b) tax data
c) profit reports
d) loss reports
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
19) The International Air
Transport Association,
for instance, has a
highly regarded
program called
"_________________
___________" that
independently
evaluates airlines. It's
like a Good
Housekeeping seal of
approval for air
carriers.
a) Organizational
Safety Audit
b) Operational Safety
Audit
c) Organizational
Process Audit
d) Operational Process
Audit
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
20) TiVo is
synonymous with
_______ even
though it can
perform software
driven advanced
features not
typically found on
units provided by
cable companies.
a) VCR
b) DVR
c) TMR
d) CLM
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WSJ Weekly Quiz
Sep 6– Sep 9, 2005
21) A growing
number of
universities are
making money by
lending to their
_____________.
a) board of
trustees
b) athletic
sponsors
c) alumni after
graduation
d) own students
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