Answers to AMA Member Challenge
September 2007
Robert L. Nardelli didn’t have much time to lie around the house—Chrysler hired him as CEO a mere seven months after he was ousted from the chief executive spot at what giant retailer?
- Home Depot
- Amazon.com
- Gap
- Winn-Dixie
Correct answer: Home Depot. Shareholders of the building supply giant were unhappy with Nardelli’s extravagant pay package and the company’s sluggish stock performance. Reportedly, his compensation at Chrysler, which lost $1.5 billion last year, will be based on performance.
2.These cutesy online graphics may make you :-D or :-( but after 25 years of use, they have become quasi-respectable, says The New York Times. These keyboard communications are known as what?
- Grammis
- Emoticons
- Cybersmiles
- Winkies
Correct answer: Emoticons. According to a recent study of Yahoo instant-message users, 52% of the respondents were older than 30, and among those, 55% said they use emoticons every day. (Though some people remain :-/ ).
3. If you’ve got a hankering for a hunka hunka calories, try Reese’s new Peanut Butter & Banana Creme Cups, introduced in honor of the 30th anniversary of which rock icon’s demise?
- Biggie Smalls
- Freddie Mercury
- Elvis Presley
- Jim Morrison
Correct answer: Elvis Presley. Reese’s introduced the Peanut Butter & Banana Creme Cups in honor of Elvis’s favorite sandwich.
4. In an effort to help it weather the current credit crunch, Bank of America just infused $2 billion into which company, the largest U.S. mortgage lender?
- Countrywide Financial
- American Mortgage
- Jack and Jill Corp.
- Citicorp
Correct answer: Countrywide Financial Prior to Bank of America’s investment, Countrywide shares had fallen 49% this year, leading to a shortage of credit to make new home loans. Some analysts speculate that Bank of America’s investment in Countrywide may signify a plan to purchase the company.
5. Benjamin Franklin, who famously stated, “A penny saved is a penny earned,” would be pleased about upcoming anti-counterfeiting features to which currency denomination that bears his likeness?
- $5 bill
- $10 bill
- $50 bill
- $100 bill
Correct answer: $100 bill. The new C-note will feature a high-tech security thread. According to the Associated Press, if you move the bill side to side the image appears to move up and down. Move the bill up and down and the image appears to move from side to side. The new bill is expected to go into circulation late next year.
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