Business & Economics Flashcards
Which store chain, that sells (almost) all of its items for the same price, took over 99p Stores in 2015?
POUNDLAND
Founded in New York in 1853 by a German immigrant, which company has an 80% share of the high-end grand piano market?
STEINWAY (& SONS)
Abbey National became a wholly owned subsidiary of which Spanish banking group in 2004?
SANTANDER
Which businesswoman, human rights activist and environmental campaigner who died in 2007, founded The Body Shop in 1976?
ANITA RODDICK
Associated with the work of Milton Friedman, which economic doctrine stresses the importance of the money supply as an instrument of economic policy?
MONETARISM
Headquartered in Detroit, which company was the largest automobile manufacturer from 1931 to 2008?
GENERAL MOTORS
Which company was founded in 1949 by Adolf Dassler, following a family feud between him and his older brother Rudolf, who had earlier established Puma?
ADIDAS
Also the owner of Newcastle United, who founded Sports Direct and has an estimated net worth of $6 billion?
MIKE ASHLEY
Who founded Habitat in 1964 and was knighted in 1983?
TERENCE CONRAN
What type of scam involves a call centre using high-pressure sales tactics to sell penny stocks at inflated prices to investors?
BOILER ROOM SCAM
Which branch of economics studies individuals, households and firms’ behaviour in decision making and allocation of resources?
MICROECONOMICS
Who wrote Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World which was made into a 1999 film starring Ewan mcgregor?
NICK LEESON
Named after the financier who founded the Royal Exchange in the City of London, which monetary principle states that “bad money drives out good”?
GRESHAM’S LAW
With the abbreviation HSI, which stock market index is the main indicator of the overall market performance in Hong Kong?
HANG SENG INDEX
Zopa is Europe’s largest service in which area of lending, where money is lent to individuals or businesses through online services that match lenders directly with borrowers?
PEER-TO-PEER LENDING (P2P)
Which company was bought by its rival Iceland in 1989, despite still being a success and being three times bigger than the Iceland chain?
BEJAM
Named after an Italian con artist, what type of scheme involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business?
PONZI SCHEME
Formed from stock exchanges in Belgium, France, the Netherlands and Portugal, and with headquarters in Amsterdam, which is the second-largest stock market in Europe?
EURONEXT
Which company owns brands including Mr Kipling, Ambrosia, Homepride cooking sauces, Sharwood’s, Loyd Grossman sauces, Oxo, Bisto and Batchelors?
PREMIER FOODS
Which Scottish banker founded the Bank of England in 1694?
WILLIAM PATERSON
The British Royal Family is a client of which private bank, founded in 1692 in the Strand in London and now owned by the Royal Bank of Scotland Group?
COUTTS
Which Russian company is the world’s largest extractor of natural gas and holds 17% of world gas reserves?
GAZPROM
The first IKEA store in the UK was opened in 1987 in which town in northwest England?
WARRINGTON
Which American university, which gives its name to a school of economics, has fielded 12 Nobel Prize laureates in economics?
CHICAGO
Bernie Ebbers was the chief executive of which telecommunications corporation which went bankrupt in 2002, and changed its name to MCI in 2003?
WORLDCOM
In 2004 the London Stock Exchange relocated from Threadneedle Street to which address in the City of London?
PATERNOSTER SQUARE
Created by Arthur Okun, which economic indicator is calculated by adding the unemployment rate to the inflation rate?
MISERY INDEX
Which company was established in 1870 by John D. Rockefeller and broken up in 1911, when the United States Supreme Court ruled that it was an illegal monopoly?
STANDARD OIL
The World Bank and the International Monetary Fund were created at which 1944 conference held in New Hampshire?
BRETTON WOODS CONFERENCE
Which Glaswegian entrepreneur, who was elevated to the peerage in 2015, founded the lingerie company Ultimo?
MICHELLE MONE
Described in a 2007 book by Nassim Taleb, what name is given to an unexpected but important event in financial markets?
BLACK SWAN
The CAC40 is a stock market index of the 40 companies with the highest market capitalisation in which European country?
FRANCE
Headquartered in Osaka, which electronics corporation was known as Matsushita Electric Industrial Co., Ltd from 1935 to 2008?
PANASONIC
Containing the name of an animal, what term is used for a small, brief recovery in the price of a declining stock?
DEAD CAT BOUNCE
Founded in 1991 by the Treaty of Asuncion, what is the name of the free trade agreement between countries in South America?
MERCOSUR
What name is given to a person or company making an acceptable counter-offer for a company facing a hostile takeover bid?
WHITE KNIGHT
Which is the largest bank in the world by total assets and market capitalization as of February 2017?
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
What two-word term was coined by John Maynard Keynes to describe the instincts and emotions that influence and guide human behaviour, and which can be measured in terms of consumer confidence?
ANIMAL SPIRITS
Known for its “31 flavors” slogan, what is the world’s largest chain of ice cream specialty shop restaurants?
BASKIN-ROBBINS
Which family business from Essen, known for their production of steel, artillery, ammunition, and other armaments, was the largest company in Europe at the beginning of the 20th century?
KRUPP
Named after a New Zealand economist, which curve describes the historical inverse relationship between the rate of unemployment and the rate of inflation in an economy?
PHILLIPS CURVE
Based in Vermont and founded in 1977, Burton is the world’s leading manufacturer of which items of sports equipment?
SNOWBOARDS
In the world of financial derivatives, what do the initials CFD stand for?
CONTRACT FOR DIFFERENCE
Lladro, known for producing high quality porcelain figurines, is based in which Spanish city?
VALENCIA
The Big Three credit rating agencies are Standard & Poor’s, Fitch Group, and which other company?
MOODY’S
Which corporation is the second-largest discount store retailer in the United States, behind Walmart?
TARGET
Vale, the largest producer of iron ore and nickel in the world, is based in which country?
BRAZIL
YO! Sushi was founded in 1997 by which entrepreneur, who appeared as a Dragon on the first UK series of Dragons’ Den?
SIMON WOODRUFFE
Who founded Carphone Warehouse and is now chairman of Dixons Carphone and chairman of the talktalk Group?
CHARLES DUNSTONE
Which curve is a representation of the relationship between rates of taxation and the resulting levels of government revenue?
LAFFER CURVE
