Quizzing, IIT Roorkee & Thomso, 2017

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The Donnie Azoff Memorial

Business Quiz

Aditya Rathi & Renju Kokkatt

Mains.~

+15/-10 for pounce.+10/0 for direct.~

1.X, the CEO of a company which focuses mostly on mobile software, launched a rather peculiar product, Y in the

recent past. Defending the decision to launch the product, X mentioned how their product outsold Apple’s first iPod.

Additionally, he said, “Our view is that hardware is going to be an important vehicle for delivering our customer

experience maybe in a decade,” X said at a conference earlier this month, according to TechCrunch. “But if we believe

it’s going to be important in a decade, we don’t want to be starting a decade from now.”

However, reports suggest that the company still has “hundreds of thousands” unsold units of Y.

Give us X and Y.

X= Evan Spiegel.Y= Snap’s Spectacles.

2.On February 24th, 2017, Jeff Gerstmann of GiantBomb put a cartridge for the X-Y in his mouth during the site’s

Unprofessional Fridays’ stream. After putting it in his mouth, he made a grimace and took it out of his mouth.

After the show, he tweeted, “I put that Y cart in my mouth and I’m not sure what those things are made of but I

can still taste it. Do not try this at home.” Nevertheless, Gerstmann's strong reaction inspired other people to try

tasting Y cartridges, and various fans also discovered that the cartridges tasted terrible.

After media outlets began covering the cartridge tasting phenomenon, X issued a statement saying the cartridges

were indeed coated in a chemical. To avoid the possibility of accidental ingestion, keep the game card away from

young children. A bittering agent (Denatonium Benzoate) has also been applied to the game card. This bittering

agent is non-toxic."

Nintendo Switch

3.

Almost all pen-caps have a hole at the top (as shown in the figure.)

What is the funda behind this addition?

To prevent suffocation, in case they were swallowed

4.The _____ seam was the curved seam in the deck planking closest to the side of the ship and next to the scupper gutters. If a sailor slipped on the deck, he could find himself in a unique position and this lead to a popular phrase in English.

Which phrase?

Between the Devil and the Deep Blue Sea

5.

What is the name of the stock market index proposed by George Taylor in 1926, a Wharton School of Business economist, who famously said “when stock markets rise, so do women’s skirts”?

The Hemline Index

6.From early 1980s until the early 1990s, American Express was known for cutting its merchant fees to

restaurants if they accepted only American Express and no other credit or charge cards. This prompted

competitors such as Visa and MasterCard to cry foul for a while as the tactics “locked” restaurants into

American Express.

However, in 1991, several restaurants in Boston started accepting and encouraging the use of Visa and

MasterCard because of their far lower fees as compared to American Express’ fees at the time . The

revolt, known as the “______ ___ _____ ” in reference to a historic event which occurred in the same

area in 1773, quickly spread nationwide to over 250 restaurants across the United States, in other cities

such as New York City,Chicago, and Los Angeles. In response, American Express decided to reduce its

discount rate gradually to compete more effectively and add new merchants to its network such as

supermarkets and drugstores.

Boston ‘Fee’ Party

7.This term, originates from the chiseled horizontal marks that surveyors made

in stone structures, into which an angle-iron could be placed to form a _____ for

a leveling rod, thus ensuring that a leveling rod could be accurately

repositioned in the same place in the future. These marks were usually

indicated with a chiseled arrow below the horizontal line.

Benchmark

8.McMurdo’s population ranges from 250 to more than 1000. Like any small community, however, commerce is crucial. Wells Fargo said the staff are trained to make simple repairs; more importantly, there’s a second one that can be cannibalized for parts. “Every two years, both are brought up to speed on the latest technology. The vendors chosen for that job undergo a psychological exam and a physical.”

What are we talking about?

Only ATM in Antarctica

9.In 1943, Richard James was working as a naval mechanical engineer stationed

in Philadelphia. He was working with Xs that could support and stabilize

sensitive instruments aboard ships in rough seas. Once he accidentally

dropped a X from a shelf and observed its motion. The idea for Y struck him

then and he experimented with different types of Xs over the next year and

eventually perfected Y. The name Y (which means “sleek and graceful”) was

chosen by Richard’s wife Betty after she leafed through the dictionary and

thought that the word described the motion of an X.

Id Y for full points.

Y= Slinky

10.In his book Breaking Cover, Bill Gulley, wrote:

X is made by Zero Halliburton company and a leather covering put on

it. There are four things in the X. The Black Book containing the

retaliatory options, a book listing locations, a manila folder with eight

or ten pages stapled together giving a description of procedures, and

a three-by-five inch card. The Black Book was about 9 by 12 inches

and had 75 loose-leaf pages printed in black and red. The book with

site locations was about the same size as the Black Book, and was also

black. X?

Nuclear Football

11.Noko Jeans was a fashion company based in Sweden. When Noko Jeans launched the sales of their first collection in December 2009, criticism was aimed at the brand because of the sourcing of jeans. The founders of Noko Jeans defended themselves, saying that they had been present at the factory during production and documented it to guarantee that no child labor had been used, and that workers had working conditions that were in compliance with international standards. The controversy prompted the Swedish retail store PUB to withdraw the jeans from their shelves; the PUB spokesperson stated that they did not want anything to do with politics.

Put funda!

It is the first and only foreign company to import jeans from North Korea.

A X patent is one that the holder does not draw attention to, even when aware that it is being infringed, in the hope that it will be possible to extract more money from unwitting users of the patented idea when it becomes more widely used.

This strategy requires a patent system where, first, patent applications are not published, and, second, patent term is measured from grant date, not from priority or filing date. In the United States, patent applications filed before November 2000 were not published and remained secret until they were granted. Analogous to a X, therefore, X patents could stay "hidden" for long periods until they "emerged" and surprised the relevant market.

12.

Submarine Patents

13.Funda.

14. Get me X-Y.Founded in 1761 near Nuremberg by cabinet maker Kaspar X, the

company has remained in the X family for eight generations.In 1900,

after the marriage of Kasper’s great grandson Lothar's granddaughter

with a cadet of the Counts of Y, the enterprise took the name of X-Y and a

new logo, combining the X motto, since 1761, with the "jousting knights"

of the Y's coat-of-arms.

15. Funda.

It’s not far out for this industry to be spreading its market

potential into the sex industry as well, given how closely related

these two industries can be. It’s also nice to see that the industry

is promoting a greater incentive for safe sex. It is probably a good

move knowing how much ____ like to get busy with each other!

These condoms come in green color meaning that the person

wearing it is going to be wearing something a little bit like an

alien costume. They are marketed with the name Canadom

16. Explain

Cannabis Condoms/ Weed Condoms

The death of the famous businessman, X, is quite humorous. X died due to an injury which resulted because of him kicking a lock safe. The office safe was usually opened each morning by X's nephew, Lem Motlow. One morning X came to work early before anyone else had arrived. He had trouble with the combination on the safe, grew frustrated and gave it a hard kick. The blow broke X's big toe. An infection set in and X eventually lost his leg and died of blood poisoning from the injury.

Id this famous businessman X.

17.

Jack Daniel

Never before had any employer offered this much money for unskilled work. The plan came with numerous strings attached, including rather intrusive company investigations to insure that workers would not spend their money on riotous living but workers accepted the intrusion because the money was so good

18.

19. Video

Axl Rose, Warren Buffett

20.

21.

P.M. Moller, who was a deeply religious Christian, attached a blue banner

with a white seven pointed star on both sides of the black chimney on the

steamship Laura when his wife recovered from illness. In a letter to his

wife, P.M. Møller explained in October, "The little star on the chimney is

a memory of the night when I prayed for you and asked for a sign: If a star

would appear in the gray and cloudy sky, it would mean that the Lord

answers prayers." The same star later became the emblem of the X

Group. The largest company in its field, X has offices across 130

countries and around 88,000 employees

22.

X introduced the marketing slogan "57 pickle Varieties" in 1896. He later claimed he was inspired by an advertisement he saw while riding an elevated train in New York City (a shoe store boasting "21 styles"). The reason for "57" is unclear. X said he chose "5" because it was his lucky number and the number "7" was his wife's lucky number.

23.

X is slang for a very volatile market; the name comes from the movements of a/an X, where security prices continually go up and down. The X has no distinguishing features of either an up or down market, taking on characteristics of both. Security prices swing very high to low over a given period of time, making it difficult for buy and hold investors to profit. Nevertheless, for some investors Xs are fun to play with

24.

Written Round.5 questions5 points for each, Bonus 10 points if all correct.

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Answers.

Lego Land

Old logo of Kodak.

Harley Davidson

Uber’s fake city for testing self driven vehicles