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Ask an Expert: Time for the Small Biz Quiz

ByABC News
August 17, 2009, 9:33 AM

— -- So here we are in the dog days of summer and it seems that no one is working much. Oh sure, we might pretend we are working, we might even try and finish some projects, but is anything of substance getting done? No, not much.

So in the spirit of summer, for today please enjoy The Small Biz Quiz. Answers at bottom.

1. Who said, "There's no business like show business, but there are several businesses like accounting?"A: Woody AllenB. David LettermanC. Groucho MarxD. Ethel Merman

2. Which one of these businesses started out as a home-based business?A. XeroxB. DisneyC. L.L. BeanD. Amazon.comE. None of the aboveF. All of the above

3. True of false: According to Alexa.com, Twitter gets more traffic than Facebook.A. TrueB. False

4. After the disastrous introduction and failure of "New Coke" in 1985, what happened to the executives that spearheaded the new product?A. They were all firedB. NothingC. They left to start their own soft drink companyD. They were given raises

5. What was the first computer to use a two button mouse and a graphic interface?A. The Xerox StarB. The Commodore 64 C. The Apple ID. The Apple Lisa

6. What year was the Small Business Administration founded?A. 1933B. 1953C. 1961D. 1978

7. What is this? A. The first logo for McDonald'sB. The first logo for Aunt JemimaC. The first logo White CastleD. The first logo for Bisquick

8. What is "factoring?"A. Computing your past-due invoicesB. Selling your accounts receivables for a discount C. Analyzing your best performing productsD. Taking a loss on a bad debt

9. Which one of these business people filed for bankruptcy?A. P.T. BarnumB. Henry FordC. Abraham LincolnD. Stan Lee (Marvel Comics)E. All of the aboveF, A and B

10. True or false: Indiana was the home of the auto industry before Michigan.A. TrueB. False

11. What was the stock symbol for the Anheuser-Busch company (prior to its takeover by InBev)?A. ABB. ANHBC. BEERD. BUD

12. Where did the term "brand name" come from?A. Branding ranch names on cowsB. Branding owners' names on horsesC. IBM Think LabsD. Branding company names on whisky barrels