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MBA Biz Quiz: A Little Bit of This, a Little Bit of That

Staying on top of business news is an important part of actively managing your career. Whether you are seeking new opportunities in your industry, preparing for job interviews, or applying to business school, being able to speak intelligently about current events in business is an indispensable tool to help you connect with fellow professionals and convey your passion for your chosen field.

Test your knowledge of important business trends and economic developments affecting industry with this bi-weekly MBA Biz Quiz brought to you by our sister company MBA Career Coaches! It is a fun and simple way to stay engaged with business news. 

This week’s quiz represents a little bit of everything.

1. In 2014, Apple became the fifth-largest personal computer seller in the world. What percent of the PC industry’s profits are attributable to Apple?

a. 20 percent
b. 30 percent
c. 40 percent
d. 50 percent

2. Which country is the latest entrant into the Euro Zone?

a. Lithuania
b. Latvia
c. Liechtenstein
d. Luxembourg

3. Taylor Swift’s latest album 1989 sold nearly 1.29 million copies in the US in its first week. What percentage of total album sales did Taylor Swift represent?

a. 1 percent
b. 8 percent
c. 16 percent
d. 22 percent

4. Who is Britain’s biggest retailer?

a. Marks & Spencer
b. Harrods
c. Tesco
d. Walmart

5. Volkswagen owns all of the following car brands except:

a. Audi
b. BMW
c. Bentley
d. Porsche

Answers: 1(d) 2(a) 3(d) 4(c) 5(b)

Explanations

  1. In the third quarter of 2014, bythe research firm IDC’s estimates, Apple became the fifth-largest PC seller in the world. Though its market share is dwarfed by the Windows PC giants Lenovo, Hewlett-Packard, Dell, and Acer, Apple is predicted to rake in about half of the PC industry’s profits.
  2. As of January 1, 2015, Lithuania was the latest member of the Euro Zone.
  3. According to Nielsen SoundScan, Taylor Swift’s 1989 represented approximately 22 percent of total album sales in the US. It’s the largest sales week for a record since Eminem’s The Eminem Showin 2002, and the biggest release in the past two years by far, topping heavy hitters such as Beyoncé, Coldplay, and Lady Gaga.
  4. Britain’s biggest retailer is Tesco.
  5. Volkswagen does not own BMW.

Sources

  1. http://www.nytimes.com/2014/12/25/technology/personaltech/retina-5k-imac-powerful-proof-of-the-pc-renaissance.html
  2. http://www.economist.com/news/finance-and-economics/21635525-euro-zones-newest-member-faces-uphill-struggle-strange-bedfellows?frsc=dg%7Cc
  3. http://www.businessweek.com/articles/2014-11-12/taylor-swift-and-big-machine-are-the-music-industry
  4. http://www.nytimes.com/reuters/2015/01/08/business/08reuters-tesco-results.html?smprod=nytcore-iphone&smid=nytcore-iphone-share
  5. http://www.wsj.com/articles/volkswagen-poaches-bmw-executive-to-head-vw-brand-1418118989



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