Have you been reading the Wall Street Journal like good little capitalists or did you waste your time with the free USA Today the hotel dropped at your door? Take our weekly Biz Quiz and show us your inner Bernanke.
1. Owners of The 99 Cents Only Store report that the chain is hurting from inflation. Your 99 cents now gets you:
- a half-dozen eggs instead of a dozen
- a dirty look
- a chance to buy a franchise
2. Starbucks announced it will begin offering healthier breakfast options like bran muffins, oatmeal and a fruit-and-nut bar in an effort to:
- compete with McDonald’s
- sell more dry stuff that needs to be washed down by coffee
- force customers to use its new pay toilets
3. Kellogg’s signed Olympic gold medallist Michael Phelps to promote its cereals because:
- he likes Frosted Flakes and Corn Flakes
- the Chinese women’s gymnasts are still on Pablum
- he can hold his breath long enough to down an entire bowl of All-Bran
4. Fannie Mae, the Federal National Mortgage Association, replaced its CFO and two other top executives because:
- the company is still hurting from the mortgage crisis
- they refuse to vote for John McCain
- they were caught with strippers named Fannie and Mae
5. Southwest Airlines, the most profitable U.S. airliner, announced it will drop more than 196 daily flights on January 11 because of:
- rising fuel costs
- competition from people who ride-share
- no more cheap planes available on eBay
6. Toyota Motor Corp. cut its sales forecast for 2009 from 10.4 million vehicles to 9.7 million, thus delaying its chance to:
- become the world’s first automaker to sell more than 10 million vehicles a year
- make Prius the most popular name for baby boys
- turn GM into a BM
(correct answers: 1-a, 2-a, 3-a, 4-a, 5-a 6-a… duh!)