Weekly Review Quiz As Of 2009-02-26

Weekly Review Quiz as of 2009-06-18
Economics: Micro

Tax Man's Target: The Mobile Phone
by Martin Vaughan and Amol Sharma
06/12/2009
.com/article/SB124473141538306335.html

1. The Internal Revenue Service proposed employers assign, as a taxable benefit, 25% of an employee’s

a) food costs of employer-provided meals.
b) uniform costs.
c) annual company car budget.
* d) annual wireless phone expenses.
e) water cooler expenses.

Children Suffer as States Cut Health Budgets
by Vanessa Fuhrmans
06/17/2009
.com/article/SB124519908310621365.html

2. As the recession forces more hospitals and doctors to pare costs and services, the cutbacks are hitting one group of patients especially hard:

a) the affluent.
b) seniors covered by Medicaid.
c) seniors covered by Medicare.
* d) children covered by Medicaid.
e) children covered by Medicare.

MySpace Slashes Jobs as Growth Slows Down
by Emily Steel
06/17/2009
.com/article/SB124517308609119651.html

3. MySpace is laying off nearly a third of its U.S. staff to rein in costs

* a) and contend with fast-growing rival Facebook Inc.
b) and contend with the declining economy.
c) and contend with the declining demand for social networking sites.
d) in spite of the growing demand for social networking sites.
e) in spite of the growing popularity of MySpace and the decline attraction of Facebook.

Rulings Threaten Expedia, Rivals with Paying Millions in Damages
by Ansley Haman
06/17/2009
.com/article/SB124519701062921181.html

4. The Supreme Court of Georgia ruled that Expedia Inc. must pay the city of Columbus, Ga. an occupancy taxed based on

a) the listed maximum rate of the room.
b) the room rates after negotiated discounts are taken into account.
c) the hotel’s construction cost per room.
* d) the room rate paid by customers online.
e) the wholesale price that the company pays to hotels.

Fiat Hopes Second U.S. Try Is Winner
by Davide Berretta
06/16/2009
.com/article/SB124511037478417045.html

5. When Fiat SpA entered the U.S. market in the late 1970s, it did so with a fleet of

a) small and large trucks.
* b) small, fuel-efficient cars.
c) Italian sports cars.
d) large gas guzzlers.
e) motorcycles.