business quiz (finals) - finwiz 2016

FinquizzitiveFINALS

FINALS• 42 Questions in all• 3 rounds of 8 questions each on Pounce and Bounce (Clockwise

and Anticlockwise) where the team with direct has to choose their question from the grid. (3*8=24 questions)

• Two Written Rounds comprising of:1. Two Grand Connects of 5 questions each (2*5=10 questions)2. One Visual Round of 8 Questions (8 questions)

RULES-DRY ROUND• 3 rounds of 8 questions each on Pounce and Bounce

(Clockwise and Anticlockwise) where the team with direct has to choose their question from the grid.

• +10 on Direct and Pass. • +10/-10 on Pounce.• Pounce Window is 10 seconds• Part points will be given as per the discretion of QM.

1 2 3 4 5 67 8 9 10 11 1213 14 15 16 17 1819 20 21 22 23 24

P1 C1 C2

Q1 Ans• After raising nearly $90 million and contributing his own fortune of $4 million to the cause, he successfully founded

X in 1971. Unfortunately, three years later, thanks to the rising fuel costs, the company was on the verge of bankruptcy with no one willing to give them any more loans nor any investors interested in contributing capital.

• At one point, all the company had was $5000 to its name, which wasn’t enough to continue operating as their planes needed fuel and that wouldn’t cover it. Not to be dissuaded, he took $5000 and flew to Vegas and played Black Jack that weekend with the remaining company funds. By Monday, to the shock of other higher ups in the company, X had $32,000 in its bank account, which was just enough to cover the fuel for their planes and to continue operating a few days more. When asked what he’d been thinking taking a chance like that with company funds, he stated: “What difference does it make? Without the funds for the fuel companies, we couldn’t have flown anyway.”

• It turns out, a few days more was all he needed. Shortly thereafter, he successfully managed to raise $11 million to keep the company afloat and, by 1976, X made its first profit of $3.6 million. Four years after that, the company’s profits were up to nearly $40 million with gross revenue near half a billion dollars. Today, X is estimated to be worth in the vicinity of $25-$35 billion, with the founder himself currently worth around $2 billion.

• Identify X

Q2 AnsOnce upon a time...A dad named Christopher and a mom named X found themselves utterly frustrated trying to find the perfect products for their babies and homes. We both wanted an ideal: not only effective, but unquestionably safe, eco-friendly, beautiful, convenient, and affordable – everyone should have it. We believed every baby deserved the best we can create for them. We are dreamers.But, more importantly, we are doers.You know what they say, if you want it done right, you gotta do it yourself.We tried to think of all the qualities we would want in a dream brand – savvy style, sustainability, and extraordinary service & convenience all wrapped in a passion for social goodness, tied with a bow of integrity and sprinkled with a little cheeky fun.We knew it wouldn't be easy juggling all these demands, but we're parents, we're used to multi-tasking.So, our goal is to relieve you of a few tasks by delivering the best family essentials to your doorstep – to simplify your life and bring more delight to every day. Our dream is to re-define the "family brand" and create something – with you – that's better for all families, everywhere.Together we can make it betterThis is the website introduction of a company. Identify X and the company.

Q3 AnsIn medieval England, there were wanderers who wandered around the rural areas and would sell their services to the highest bidder. These were ferocious fighters who lived isolated lives in the country side. They did not have any facility to polish their armour and the armour used to get oxidized to a blackish hue. This is the reason why they were known as black knights. At local town, they would have exhibition matches in which the winner of the fight would win the loser’s weapons and armour. The local nobility would lose to these ferocious black knights from the country side. These knights didn't have much use for an extra set of armour and would sell it back to the nobility immediately after the fight. This led to the origin of?

Q4 Ans• X, a post graduate research student of mathematics

department and card counter, during one of his research, applies a well-defined approach for placing bets in the card games played at casinos and in that approach, he decides his bet size depending upon the conditional distribution of the deck. Interestingly, he goes to LA and doubles his money in one weekend. He also publishes his approach under the title called Y. Because of this, he was also banished from casinos.

• He applied the same approach to the stock markets then and supposedly earned 20% plus compound annual return for the next 28 years. His approach became the basis of Z which is now widely used by many traders across the globe.

• Name X, Y and Z.

Q5 Ans• The Thirteen Colonies were some of the colonies on the Atlantic coast of North America founded between

1607 (Virginia) and 1733 (Georgia) by a variety of interests from England and later Great Britain. • They are best known as the founding political entities of the United States of America.

The colonies were: Delaware, Pennsylvania, New Jersey, Georgia, Connecticut, Massachusetts Bay, Maryland, South Carolina, New Hampshire, Virginia, New York, North Carolina, and Rhode Island and Providence Plantations.

• Which present day brand altered its identity and held a candle to mark this fact?

Q6 Ans• Guy Harley Oseary is an Israeli American talent manager. He is the manager for Madonna and U2.• Ronald Wayne Burkle is an American investor and philanthropist. He is co-founder and managing partner

of The Yucaipa Companies, LLC, a private equity and venture capital firm that specializes in underperforming U.S. companies in the distribution, logistics, food, retail, consumer and light industrial sectors.

• Christopher Ashton Kutcher is an American actor, producer and former model.• What connects these 3 people?

Q7 Ans• X is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate

of the city state of Siena, Italy, as a "mount of piety", it has been operating ever since. Today it has approximately 2,200 branches, 26,000 employees and 4.5 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Finance, handles investment banking. The bank's largest shareholder is the Fondazione Monte dei Paschi di Siena (although the foundation's share-holding has been below 50% since December 2009).

• Give X. (acronym would work as well)

Q8 Ans• What is their claim to fame?

Q9 Ans• Women around the world are creating and building incredible technology companies. We see this every day

through our X for Entrepreneurs programs—like #40Forward, which works with organizations to increase the representation of female entrepreneurs in startup communities, and our baby-friendly startup school Campus for Moms. Supporting these startups is important because teams with diverse perspectives and experiences—particularly in leadership positions—make better products for users.

• But the data still tells us that women-led startups often struggle to get access to top investors who can help them raise money. Despite women owning 29 percent of U.S. businesses, female-led companies receive only 3 percent of venture capital—a lifeline for many startups to fund new product development and hiring.

• With this in mind, today we're hosting our first ______ ____ _____ specifically for startups with female founders. More than 450 companies from 40+ countries applied, and we chose 11 female-led startups to join us in San Francisco for the event. These startups come from all over the world and span a variety of industries—from Kichink, a B2B e-commerce company in Mexico, to ChattingCat, a real-time translation service in South Korea.

• Give X and fill in the blank.

Q10 Ans• In an early version of the company's website, Palmer Luckey explained why he chose the name

X, writing:

Why the name “X”? Because it is the Latin word for “eye”, and someone used the word in a meeting several months ago. I thought it was a nifty word, and was better than the alternative, “StepN2theGAME”

• Following the demonstration of the prototype at E3 in June 2012, on August 1, 2012, the company announced a Kickstarter campaign to further develop the product. In total, it has raised $91 million with $2.4 million raised via crowdfunding.

• Identify X

Q11 Ans• X is a US peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-

peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market.

• It operates an online lending platform that enables borrowers to obtain a loan, and investors to purchase notes backed by payments made on loans. It is the world's largest peer-to-peer lending platform.

• As of June 30, 2015, the platform has originated $11.1 billion in loans. In August 2014, the firm filed with US regulators for its IPO. On December 10, 2014, the company raised almost $900 million in the largest U.S. tech IPO of 2014. The stock soared 56% next day on its first day of trading, to $23.42 a share, valuing the company at $8.5bn

• Identify X.

Q12 Ans• Dear friends• Some of you might have noticed a slightly new green in the X app since the last update. We're excited to

finally see this rolling out as part of our bigger brand refresh we introduced earlier this year at SXSW.• As much as we got used to the old "broccoli" green we felt that the dreary brand palette was desperate for

an upgrade. It was time to give it a little refresh and make sure it goes well with our vibrant new color palette.

• The new green has a little more "pop" and just feels right at home in our new color palette which has grown to nearly three dozen colors. It not only looks more fresh & modern but also feels more easy on the eye, especially when applying it fullscreen.

• We can't wait to show you more of what we have been working on. And of course, we all appreciate your feedback and always love to hear your opinion.

• There you have it. No more "broccoli" in favor of something poppin'.• (This is a letter by X. Identify X.)

Q13 Ans• XY, which was founded by Sahil Baghla and Ayush Varshney as an online merchandise store took its name

from Sahil’s favourite colour. Says Sahil, “X is my favourite colour and since we started with posters, we were looking for words around staring or looking. Y is a synonym of that and hence XY became our first name.” When XY was pivoting to its visual blogging avatar and launching the app, it circulated a circular about the app and its features and their vision to their employees, asking them to suggest a suitable name. Out of the 100 plus names they got, they chose Z which fit in well with their new avatar!

• Identify X, Y and Z

Q14 Ans• In 1985, X got out of textiles entirely. (The original Valley Falls Company mills are in ruins, but they are

preserved as a historic site in Rhode Island.) It now functions as a holding company with interests in insurance and finance, retail, media, and many other fields.

• "It took me 20 years to give up on the textile business," Y said in the CNBC interview. • A single Class A share of X goes for more than $200,000, making it by far the most expensive publicly

traded stock. While most companies split their stock in order to keep the price low, say under $1,000 per share, Y refuses to split X stock, so as to discourage short-term trading and volatility.

• Give X and Y

Q15 AnsConnect:

Q16 Ans• On February 7, 1981, the Beechcraft Bonanza A36TC X was piloting crashed soon after takeoff from the Sky

Park Airport in Scotts Valley, California. The plane stalled while climbing, then bounced down the runway, went through two fences, and crashed into an embankment. X and his three passengers, then-fiancée Candice Clark, her brother and his girlfriend, were injured. X sustained severe face and head injuries, including losing a tooth, and also suffered for five weeks after the crash from anterograde amnesia, the inability to create new memories. He had no memory of the crash, and did not remember his name in the hospital or the things he did after he was released. The National Transportation Safety Board investigation report cited premature liftoff and pilot inexperience as probable causes of the crash. X did not immediately return to Y after recovering from the airplane crash, seeing it as a good reason to leave.

• Identify X and Y

Q17 Ans• X recently unveiled it’s new logo. Its previous logo did not feature a “D” at all, and was an image of a

smiling taxi. Their new logo has shed the skeuomorphic angle, settling instead to be, well, Y’s logo but orange and a little bit different on the corner. An X public relations director quoted by Oriental Daily said the logo was designed over the course of six months, and that the final icon was carefully selected from a pool of more than 200 entries. He added that the company did not copy Y.

• According to a X spokesperson who spoke to the Wall Street Journal, “The D is turned sideways to represent a smile.”

• It is the 5th most valuable startup and is also known as the Y of China.• Identify X and Y

Q18 AnsIt was originally named 20 under 20, since it was restricted to at most 20 people under the age of 20. Now it is intended for students under the age of 22 (increased as of 2015 from the original age limit of 20). With an acceptance rate below 1%, it is considered more competitive than the nation's top colleges. What is being talked about here?

Q19 Ans• His memoir is “My Years with General Motors”• He has a philanthropic non-profit organization named after him which was established in 1934. The

Foundation's programs and interests fall into the areas of science and technology, standard of living, economic performance, and education and careers in science and technology.

• He also has a famous management school named after him.• Identify this automobile pioneer.

Q20 AnsConnect to a historical entity.

Q21 AnsGive the name of the person in picture. The company in controversy and the FUNDA.

Q22 Ans• As a venture capitalist, I have to listen to hundreds of entrepreneurs pitch their companies. Most of these

pitches are crap: sixty slides about a “patent pending,” “first mover advantage,” “all we have to do is get 1% of the people in China to buy our product” startup. These pitches are so lousy that I’m losing my hearing, there’s a constant ringing in my ear, and every once in while the world starts spinning.

• To prevent an epidemic of Ménière’s in the venture capital community, I am evangelizing the 10/20/30 Rule of PowerPoint. It’s quite simple: a PowerPoint presentation should have ten slides, last no more than twenty minutes, and contain no font smaller than thirty points. While I’m in the venture capital business, this rule is applicable for any presentation to reach agreement: for example, raising capital, making a sale, forming a partnership, etc.

• Who is this person who gave this famous rule?

Q23 Ans• X has outfitted 39 of the 44 American Presidents• Ralph Lauren started out as a salesman at X’s store.• Some of the companies clothing innovations are as follows:1. Ready-to-wear in 18492. In 1896, button-down collars after having seen them on English polo players popularly known as Polos3. English foulard ties, introduced by Francis G. Lloyd in the 1890s 4. Ivy League sack suit, 18955. Pink dress shirt, became a sensation to go with charcoal-grey suits6. Polo coat about 19107. Madras, introduced from India to the public in 19028. Light-weight summer suits9. Wash-and-wear shirts: in 195310. Non-iron 100% cotton dress shirt, 1998

Q24 AnsConnect:

VISUAL ROUND• 8 Questions• All Answers are to be written down.• +10 for every correct answer.

Q1

Q2

Q3

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Q6

Q7

Q8

ANSWERS TO VISUAL ROUND

GRAND CONNECT ROUND• 2 Grand Connects of 5 questions each• Each question carries individual points. (+10)• All answers to be written down.• Grand Connect with +30/-25, +25/-20,

+20/-15, +15/-10 and +10/-5

Q1 • In 1920, the first of its kind, X, were modelled using available resources of the time, as it was an era of

great poverty and low income. In 1951, the first decorative X were introduced. They continue to be a commercial success, with such themes as Mickey Mouse, Donald Duck, Superman, Spider-Man, Hello Kitty, Rocket Power, Rugrats, smiley faces, Barbie, Dora the Explorer, Batman and Duck Dynasty. After a few decades passed, the creation of the first colored X was created. Michael Panayiotis, a New York entrepreneur, created a X called "Ebon-___" which was modelled off of a brown tone. Some colour tones that were created for the product were light brown, dark brown, and cinnamon. In addition to white toned and brown toned, X sells sheer strips for any color skin tone that can be purchased in stores or online.

+30/-25

Q2A neologism arising from the popularity and dominance of X, the American Dialect Society chose it as the "most useful word of 2002." It was added to the Oxford English Dictionary on June 15, 2006, and to the eleventh edition of the Merriam-Webster Collegiate Dictionary in July 2006. The first recorded usage of X used as a participle, thus supposing an intransitive verb, was on July 8, 1998, by X co-founder himself, who wrote on a mailing list: "Have fun and keep X-ing!" Its earliest known use (as a transitive verb) on American television was in the "Help" episode of Buffy the Vampire Slayer (October 15, 2002), when Willow asked Buffy, "Have you X-ed her yet?"

+25/-20

Q3• Founded in 1915 by seven brothers, led by Giocondo X, X and Brothers made wooden propellers under

military contracts, based at 2043 San Pablo Ave, Berkeley CA. In 1920 the brothers also dabbled briefly with aircraft design and manufacture, with a single-seat monoplane and a seven seat cabin monoplane. Both aircrafts were noted for their use of laminated wood products for fuselage manufacture, but were essentially unsuccessful, with only one of each type being built. By 1923 the company was styled as X Bros Propellers, with headquarters at 1450 San Pablo Ave.

• However the Italian Multinational Corporation survived and is now one of the leading companies in it’s sector.

• Identify X

+20/-15

Q4• X is the brainchild of Swiss electrical engineer George de Mestral who in 1941 went for a walk in the woods

and wondered if the burrs that clung to his trousers — and dog — could be turned into something useful.• The original patented hook and loop fastener was invented in 1948 by de Mestral, who patented it in 1955

and subsequently refined and developed its practical manufacture until its commercial introduction in the late 1950s.

• De Mestral developed a fastener that consisted of two components: a lineal fabric strip with tiny hooks that could "mate" with another fabric strip with smaller loops, attaching temporarily, until pulled apart. Initially made of cotton, which proved impractical, the fastener was eventually constructed with nylon and polyester.

• Humphrey Cripps began investing in X in the 1960s. In 2009, the company was taken private by a private equity firm linked to the Cripps family.

• Identify X

+15/-10

Q5• X was invented in 1957 by engineers Alfred Fielding and Marc Chavannes in Hawthorne, New Jersey, USA.

Fielding and Chavannes sealed two shower curtains together, creating a smattering of air bubbles, which they originally tried to sell as wallpaper. When the product turned out to be unsuccessful as wallpaper, the team marketed it as greenhouse insulation. X was branded by Sealed Air Corporation (founded by Fielding and Chavannes) in 1960. It’s first client was IBM. Fielding and Chavannes were inducted into the New Jersey Inventors Hall of Fame in 1993.

• Identify X

+10/-5

ANSWERS

Q1• A Harvard Business School article summarises X's career in the following way:From his humble beginnings in China as a teacher's son, a refugee, and later as a salesman, X provides a lesson in integrity and adaptability. Through hard work, and a reputation for remaining true to his internal moral compass, he was able to build a business empire that includes: banking, construction, real estate, plastics, cellular phones, satellite television, cement production, retail outlets (pharmacies and supermarkets), hotels, domestic transportation (sky train), airports, electric power, steel production, ports, and shipping.Identify X or give the name of his group.

+30/-25

Q2• X hails from a very prominent business family. He is the great grand nephew of Alhaji Alhassan Dantata,

the richest African at the time of his death in 1955. X, an ethnic muslim Hausa from Kano State, was born on 10 April 1957 into a wealthy Muslim family. X said, "I can remember when I was in primary school, I would go and buy cartons of sweets [sugar boxes] and I would start selling them just to make money. I was so interested in business, even at that time.

• In 2014, the Nigerian government said X had donated 150 million Naira (US$750,000) to halt the spread of ebola.

• In May 2015 he expressed interest in purchasing the English football team Arsenal. He stated that if he was able to make the purchase he would fire the club's long-standing manager Arsene Wenger.

• Identify X

+25/-20

Q3• X is part of the Industrias de Diseño Textil Sociedad Anónima group, of which Y owns 59.29%, and aside

from that over 6,000 stores including multiple brands and more than 92,000 employees.• Y keeps a very low profile and, until 1999, no photograph of Y had ever been published and is known for

his preference for a simple lifestyle. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and grey pants, none of which are X products.

• When he made a public appearance in 2000 as part of the warm-up prior to his company's initial public offering on the stock market in 2001, it made headlines in the Spanish financial press. However, he has only ever granted interviews to three journalists and his secrecy has led to the publication of books, such as Y: de cero a X

• Identify X and Y

+20/-15

Q4• From 1961 to 1962 X worked as trainee at Credit Suisse in Geneva. In 1966, the first company in which X

had equity interest, a lending company called Invesco, went bankrupt. He had a 2% equity stake. In 1971, X, Carlos Alberto Sicupira and Marcel Herrmann Telles founded the Brazilian investment banking firm Banco Garantia. Undaunted by a horrific market crash that came only weeks later, he was eventually able to build Garantia into one of the country's most prestigious and innovative investment banks, described in Forbes as "a Brazilian version of Goldman Sachs.“

• Later he and his partners, who founded private equity company GP Investimentos, bought control of two Brazilian breweries (Brahma beer and Companhia Antarctica Paulista) that became AmBev.

• AmBev merged with Interbrew of Belgium in August 2004. The stock of the combined firm, InBev, rose 40 percent during 2005. InBev then announced it would buy the American brewer Anheuser-Busch in 2008 for $46 billion in a highly controversial deal, making it the world's largest brewer, Anheuser-Busch Inbev (abbreviated as AB Inbev) securing X's status as one of the new "Kings" of beer.

• Identify X

+15/-10

Q5• X appeared in a series of ads to promote Y in 2008. The first commercial, co-starring Jerry Seinfeld, is a 90-

second talk between strangers as Seinfeld walks up on a discount shoe store (Shoe Circus) in a mall and notices X buying shoes inside. The salesman is trying to sell Mr. X shoes that are a size too big. As X is buying the shoes, he holds up his discount card, which uses a slightly altered version of his own mugshot of his arrest in New Mexico in 1977, for a traffic violation. As they are walking out of the mall, Seinfeld asks X if he has melded his mind to other developers. After getting a "Yes", he then asks if they are working on a way to make computers edible, again getting a "Yes". Some say that this is a homage to Seinfeld's own show about "nothing" (Seinfeld). In a second commercial in the series, X and Seinfeld are at the home of an average family trying to fit in with normal people.

• Identify X and Y

+10/-5

ANSWERS

Ans 1Fedex

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Ans 2• X- Jessica Alba• The Honest Company

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Ans 3Black Market

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Ans 4• X= Ed Thorp (Edward Thorp), Y=Beat the Dealer, Z=Algorithm Trading

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Ans 5• P&G • P&G's former logo originated in 1851 as a crude cross that barge workers on the Ohio River painted on

cases of P&G star candles to identify them. P&G later changed this symbol into a trademark that showed a man in the moon overlooking 13 stars, said to commemorate the original 13 colonies.

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Ans 6• A-Grade Investments• A-Grade has invested in Spotify, Uber, Shazam, Couple, Soundcloud, and Airbnb

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Ans 7• Banca Monte dei Paschi di Siena (BMPS)

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Ans 8• Highest Individual Tax Payers in India in 2015-16• Taparia Family- Owners of Famy Care Ltd.

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Ans 9• X is Google• Google Demo Day

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Ans 10Oculus

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Ans 11• Lending Club

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Ans 12

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Ans 13• X- Blue• Y- Gape• Z- Murmur

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Ans 14• X- Berkshire Hathaway• Y- Warren Buffet

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Ans 15• There are cities/places named after these companies.• Pemex City in Mexico• Toyota City in Japan• Snapdeal.com Nagar in Uttar Pradesh• Bata Nagar in Kolkata• Tata Nagar/Jamshedpur in Jharkhand

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Ans 16• X- Steve Wozniak• Y- Apple

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Ans 17• X- Didi Kuaidi• Y- Uber

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Ans 18• Peter Thiel Fellowship

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Ans 19Alfred Sloan

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Ans 20• Partners of Berenberg Bank- World’s Oldest Merchant Bank.

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Ans 21• Martin Shkreli• Pharma Bros

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Ans 22• Guy Kawasaki

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Ans 23• Brooks Brothers

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Ans 24• Netflix

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P1

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Million Dollar Homepage

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C1 – Answers1) Band-Aid

2) Google

3) Jacuzzi

4) Velcro

5) Bubble Wrap

GRAND CONNECT

List of protected trademarks frequently used as generic terms

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C2 – Answers1) Li Ka-shing, Cheung Kong Group2) Akilo Dangote3) X- Zara, Y- Amancio Ortega4) Jorge Paulo Lemann5) X- Bill Gates, Y- Microsoft

GRAND CONNECT

Richest persons in their respective continents

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