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The Business Quiz
These quizzes are part of the TBQ Classic series
This is for private circulation.
https://thebusinessquiz.com
TBQ –308
1) This town owes much of its identity to brass. For generations, the brass industry dominated the city, even as it created the city. Today, while the brass industry is a thing of the past, it is still known as the Brass City and the city’s motto, ironically, is still Quid Aere Perennius (What Is More Lasting Than Brass?). The city seal depicts the interior of a brass mill, an image that is almost indecipherable to modern eyes.
Its brass industry is traditionally considered to have begun in 1802 with the establishment of Abel Porter & Co., which eventually transformed into the Scovill Manufacturing Company. Its first generation of brass manufacturers did not set out to create a brass industry. Their initial goal was to produce buttons and clocks to be sold by peddlers as an alternative to farming, which was a limited success in this town. It is believed that the place turned to manufacturing because the quality of the soil here was too poor to sustain farming. Its early clock industry, begun by James Harrison in 1790, was intricately connected to clockmaking in Bristol and Terryville. Candace Roberts, daughter of Bristol clockmaker Gideon Roberts, was one of many young women hired by Harrison to paint the dials of his clocks.
The Scovill Manufacturing Company survives even today, along with the American Pin Company (established in 1846), the [City Name] Button Company (1849), and a famous watch company which was earlier named after the city’s name. Name the city/town and the watch company.
2) From the 1880s to the 1930s, a provision was in place that allowed investors to avoid double taxation — paying taxes on both the corporate and individual level — because trusts were not taxed at the corporate level if income was distributed to beneficiaries. This was reversed in the 1930s, when passive investments were taxed at both the corporate level and as part of individual income tax. After 30 years because of the high demand for real estate funds, President Eisenhower signed the 1960 “X” tax provision qualifying “X”s as pass-through entities.
A company must distribute at least 90 percent of its taxable income to its shareholders each year to qualify as a “X”.
“X” are corporations that own and manage a portfolio of real estate properties and mortgages. Anyone can buy shares in a publicly traded “X”. They offer the benefits of real estate ownership without the headaches or expense of being a landlord. Unlike actual real estate property, these shares can be quickly and easily sold. And because you’re investing in a portfolio of properties rather than a single building, you face less financial risk. What is “X?”
3) Harley Earl (standing in this photo) developed and introduced the legendary Buick Y Job to display the latest developments and trends in engineering and styling.
It was the first car developed with an eye, less on commercial production than on gauging public reaction to new technologies and designs, thus adding a new jargon to automobile marketing. What’s the phrase?
4) The choice of the name was deliberate. The unique distinction of the authentic ___ Roussel hybrid flower is its ability to enrich the soil wherever it grows. Historic references reveal that the flower provided succor and relief to the people struck by the adversities arising out of a severe famine: those who consumed it overcame. The company was created by a former Associate Prof of Chemistry at BITS, Pilani. He worked with Khandelwal Laboratories, May & Baker and then started on his own by buying the trademark from Charak Pharmaceuticals. Name him and the company he founded in 1968.
5) This mascot for this company’s high-speed Internet service is being replaced by another of its mascot which the company uses for its cable-TV and phone services. This logo- the drawing of a human eye and ear is all part of a strategy to bring some newness to the brand. The soon-to-be-replaced mascot is a famous cartoon character who is the ornithological bane of Wile E. Coyote’s existence. Name the company and the mascot.
6) The abstract of this recently granted patent reads thus:
A system provides a periodically changing story line and/or a special event company logo to entice users to access a web page. For the story line, the system may receive objects that tell a story according to the story line and successively provide the objects on the web page for predetermined or random amounts of time. For the special event company logo, the system may modify a standard company logo for a special event to create a special event logo, associate one or more search terms with the special event logo, and upload the special event logo to the web page. The system may then receive a user selection of the special event logo and provide search results relating to the special event.
What’s it all about?
7) [Tata Question] Identify this product.
8) He dabbled into his father’s shipping agency business before getting hooked on telecom. He started [X] Telecom, precursor to his flagship [X] Telesystems, in 1987. It began by distributing Apple Computers and desktop publishing systems and then moved into manufacturing push-button phones and became among the country’s first Internet service providers. He sold the business and latched onto telecom infrastructure. Today his [X] Group, a collection of seven companies, is a provider of network services to telecom firms in 44 countries. Identify him and the group, [X].
9) It was in 1856 that a tannery unit was established based on the use of vegetable tanning technique popularized by the East India Company. The finished products were used by the Army. This unique process and craftsmanship of producing them has been adopted by the small-scale tanners in Tiruchi and Dindigul areas in Tamil Nadu for over a century. Name this leather which received a GI recently.
10) Pay brand-new employees $2,000 to quit; Make customer service the responsibility of the entire company-not just a department; Focus on company culture as the #1 priority; Apply research from the science of happiness to running a business; Help employees grow-both personally and professionally; Seek to change the world Oh, and make money too . . . Sound crazy? It’s all standard operating procedure at an online retailer that’s doing over $1 billion in gross merchandise sales annually.
CEO Tony Hsieh shares the different lessons he has learned in business and life, from starting a worm farm to running a pizza business, through LinkExchange, _________, and more. Which company is this book about?
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TBQ Classic: Set of 310 quizzes (each Set with 10 questions)- Rs. 7875/-Frequency: 5-6 sets of questions per week on an average. Mail us at thebusinessquizATgmailDOTcom for more info.
That’s not all. We are now offering TBQ Classic Archives. Lucky, you folks are. 1050 questions in one shot. Rs. 3725/- only. Mail us at thebusinessquizATgmailDOTcom for more info.
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Answers :
Ans1: Waterbury | Waterbury Clock Company, now known as Timex
Ans2: X: REIT- Real Estate Investment Trust
Ans3: Concept Car
Ans4: Desh Bandhu Gupta | Lupin
Ans5: Time (TWC) | Mascot: Road Runner
Ans6: Patent for Google Doodle granted to Sergey Brin
Ans7: Tata Walky Groove Station ( Tata Teleservices)
Ans8: Manoj Tirodkar | Global Group Enterprises/ GTL
Ans9: EI Leather [ EI stands for East India]
Ans10: Zappos