16373 Hard Trivia Questions
16373 public questions at this depth. How many can you answer?
What Delaware case established the enhanced scrutiny standard for defensive measures in takeovers?
Answer
Unocal Corp. v. Mesa Petroleum Co.
What legal doctrine allows a promise to be enforced even without consideration?
Answer
Promissory estoppel
What legal doctrine protects corporate directors from personal liability for business decisions made in good faith?
Answer
Business judgment rule
What is the world's largest building by floor area?
Answer
New Century Global Center
Which building in Jakarta is the tallest in the Southern Hemisphere?
Answer
Autograph Tower
Which real estate company owns the most retail space in the United States?
Answer
Simon Property Group
What was the first skyscraper to achieve LEED Platinum certification?
Answer
Bank of America Tower (New York City)
What was the first item sold on AuctionWeb, the site later renamed eBay?
Answer
Broken laser pointer
H&M added menswear in 1968 after buying which Stockholm retailer?
Answer
Mauritz Widforss
Which discount store originated as the first 'bargain basement' in 1909?
Answer
Filene's Basement
Which retailer introduced the first money-back guarantee in 1875?
Answer
Montgomery Ward
Which supermarket chain was the site of the first barcode scan in 1974?
Answer
Marsh Supermarkets
What is the name of the world's first department store, opened in Paris in 1852?
Answer
Le Bon Marché
What is the term for a franchise agreement that allows a franchisee to sub-franchise to others?
Answer
Master franchise
Which company is credited with creating the first modern franchise system in the 1850s?
Answer
Singer Sewing Machine Company
What is the name of the 1774 Act of Parliament that required life insurance policies to have an insurable interest?
Answer
Life Assurance Act 1774
What is the name of the world's first life insurance company, founded in 1706 in London?
Answer
Amicable Society
What is the term for insurance that protects a business from the financial loss of a key employee's death?
Answer
Key person insurance
What is the term for a type of life insurance that pays dividends to policyholders?
Answer
Participating life insurance
What is the name of the federal law that created the state-based system of insurance regulation in the U.S.?
Answer
McCarran-Ferguson Act
What is the name of the oldest mutual insurance company in the United States (founded 1752)?
Answer
The Philadelphia Contributionship
What is the name of the clause in insurance policies that excludes coverage for losses due to radioactive contamination?
Answer
Nuclear exclusion clause
What is the name of the act of the U.S. Congress that created the National Flood Insurance Program?
Answer
National Flood Insurance Act of 1968
Which U.S. Supreme Court case in 1944 ruled that insurance is interstate commerce?
Answer
United States v. South-Eastern Underwriters Association
What legal principle requires full disclosure of all material facts by the insured?
Answer
utmost good faith
What type of audit opinion states that financial statements are fairly presented in accordance with GAAP?
Answer
Unqualified opinion
What accounting method, used by Enron, records revenue from long-term contracts immediately?
Answer
Mark-to-market accounting
What IFRS standard governs accounting for leases?
Answer
IFRS 16
Under IFRS 15, what is the third step of the revenue recognition model?
Answer
Determine the transaction price
Which inventory method assigns cost based on the specific identification of each unit?
Answer
Specific identification method