Recessions are never fun, yet there were high points to a year that many would rather forget. The stock market rebounded from the credit-crunch-induced crash in 2008. Gas prices returned to earth. Gold prices surged as an inflation hedge. Northwest companies introduced new products. Test your knowledge of this year's business events.
1. Boeing set the following dates for the first flight of its 787 Dreamliner:
• A. Summer 2007
• B. End of 2009
• C. First half of 2009
- Job cuts planned as Boeing hunkers down to compete with Airbus, consider new plane
- Police: Ohio newborn appears to have died from dog bite
- With Marshawn Lynch retired, what will Seahawks do with money they save?
- Sale of Weyerhaeuser’s Federal Way campus means more intensive development
- Unruly passenger diverts Boston-San Diego flight to Denver
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• D. The 12th of never
2. The 787 is the best-selling jet in Boeing history. How many 787s have been ordered? (net orders as of Dec. 15)
• A. 650
• B. 840
• C. 903
• D. 460
3. Microsoft launched which of the following product(s) this year:
• A. Windows Azure
• B. Windows 5.6
• C. Zune HD
• D. Windows Mobile 7.0
4. Starbucks closed more stores than it opened this year but still has more than 16,000 locations in 51 countries. In which country does the coffee giant not have a shop?
• A. France
• B. Turkey
• C. China
• D. Italy
5. Which statement about longtime Seattle real-estate developer Michael R. Mastro is NOT true:
• A. Three banks forced him into what’s probably the largest bankruptcy in Western Washington history.
• B. The trustee liquidating Mastro’s assets says “Friends & Family” investors should get most of their money back.
• C. The state Department of Financial Institutions has accused Mastro of violating state securities law by misleading “Friends & Family.”
• D. The trustee has charged Mastro transferred control of his Medina home, Rolls-Royce and jewelry to offshore trusts to put them out of reach of creditors.
6. Banks have been failing around the country at a pace not seen in a generation — 140 as of Dec. 18. But so far this year, only three Washington-based banks have gone under. Match the ex-bank with its size when it went under and the bank that took over its operations:
A. Bank of Clark County, Vancouver
B. Westsound Bank, Bremerton
C. Venture Bank, Lacey
1. $970.0 million
2. $446.5 million
3. $334.6 million
X. Kitsap Bank, Port Orchard
Y. First-Citizens Bank & Trust,
Z. Umpqua Bank, Roseburg, Ore.
7. Match the quote to the speaker:
A. “This is not a company that needs to be pulled apart and left for the chickens.”
B. “If we hadn’t stopped [Lincoln Square's expansion], I’d be down on my hands and knees gasping for breath.”
C. Via has allowed Starbucks to âââ€šÂ¬ÂÂ¦”tap into new incremental use occasions and need states.”
D. “We’d still be better off if we’d never heard of Charleston.”
8. Stocks rebounded in 2009, though they’re still far below their pre-recession highs. Which Washington-based stock performed best (as of Dec. 22)?
• A. Cell
• B. Microsoft
• C. OncoGenex
9. Seattle-based Omeros went public in October, the first Northwest company to do so in almost two years. What does it do?
• A. Creates
• B. Develops
• C. Sells organic
10. Of the 20 worst-performing
Northwest stocks in 2009, how many (as of Dec. 22) were banks?
• A. 15
• B. 18
• C. 20
11. Washington’s unemployment rate soared in 2009, to a seasonally adjusted 9.2 percent in November. Who was president the last time the state’s jobless rate was that high?
• A. George W. Bush
• B. George H.W. Bush
• C. Ronald Reagan
Biz Quiz 2009 compiled by The Seattle Times business staff