Business Quiz 5-8-25

Warren Buffett, widely considered the greatest investor of all time, announced last weekend that he will step down as CEO of his company, ___.

• Berkshire Hathaway
• Goldman Sachs
• Morgan Stanley
• JP Morgan

Buffett made the announcement at the "Super Bowl for Capitalists," Berkshire's annual meeting held in ___.

• New York City

• Los Angeles

• Chicago

• Omaha, Nebraska
• San Francisco

Between 1975 and 2024, American consumption of milk decreased by 47%. Let's look recently. Americans consumed ____ cow's milk in 2024 than they did in 2023.

• 4.2% less

• about the same amount of

• 9.9% more

• 1.9% more

Sales of lactose-free, whole, and raw milk are all up. What about plant-based milk?

• Also up, by 5.4%

• Down 5.4%

• Flat

• Up 17.5%

Look at this chart. What does it attempt to illustrate?

• America's milk production has remained constant over the years.

• Consumption of milk has outpaced production in recent years.
• Milk production has increased while consumption has decreased slightly.

• Milk consumption has increased while production has decreased.

Last year, same-store sales at McDonald's were up 2.5%. Last week they reported same-store sales were ___.

• up 2.5%

• down 2.5%

• flat

• down 3.6%

Xbox increased the price of its consoles and controllers ___ globally due to tariffs.

• 5%

• 25%

• 35%

• 75%

The U.S. government recently announced a war on artificial food dyes, with a ban on ___.

• Aloha Blue

• Purple #8

• Red No. 3

• Forest Green

Last week UPS announced it would cut 20,000 jobs. Why?

• A strike by the UPS Drivers' Union

• The company is reducing its handling of Amazon deliveries

• It hopes to be acquired by FedEx

• Because of anticipated cutbacks in Temu and Shein shipments

Why would UPS intentionally cut back on its Amazon deliveries?

• Amazon's Jeff Bezos is too focused on sending rockets into space

• They're scared of drones

• Renewed fears of terrorists mailing deadly chemicals inside Amazon shipments

• Amazon deliveries are not very profitable for UPS