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The biz quiz

How closely did you follow local business news in 2008? We'll test your knowledge of some of the biggest news, events, and people in our annual quiz.

Who are these pictures of? See question No. 4 for options. (Wire photos) Who are these pictures of? See question No. 4 for options.
January 1, 2009
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1. Which was the worst post-World War II recession in Massachusetts?
a) 1953-54
b) 1974-75
c) 1990-1991
d) 2001

2. Eric Rosengren is the president of...
a) Federal Reserve Bank of Boston
b) Harvard University
c) Fidelity
d) Genzyme

3. What share of Massachusetts homes heat with heating oil?
a) 65 percent
b) 98 percent
c) 39 percent
d) 5 percent

4. Which of these pictures is of: (See top of page for photos)
... Bernard L. Madoff, the New York investment manager and former chairman of the Nasdaq Stock Market charged with running a Ponzi scheme in which he lost $50 billion of his clients' money.
... Robert M. Jaffe, the Newton native who served as vice president of Cohmad Securities Corp., which funneled clients to Madoff's investment fund
... Carl Shapiro, the Boston philanthropist and former women's clothing merchant who has lost at least $145 million from his family's charitable foundation - and probably much more of his personal wealth - at the hands of his old friend Madoff.

5. Under the new auto insurance system that went into effect in April, companies can:
a) Refuse to write policies to "high-risk" drivers
b) Change rates without notice
c) Set their own rates, subject to review of regulators
d) Tie homeowner and auto insurance together in one "master umbrella policy"

6. Which hospital CEO was not fired in 2008?
a) Joseph D'Ionisio of New England Baptist Hospital?
b) Dr. Richard Salluzzo of Cape Cod Hospital
c) Stephen Laverty of Beverly Hospital
d) Dr. John Chessare of Caritas Norwood Hospital

7. Which bankrupt company shut down its stores in the middle of a liquidation sale?
a) Domain Home
b) Linens N' Things
c) Tweeter
d) Circuit City

8. Which restaurant moved from its historic Back Bay townhouse into the uber fancy Mandarin Oriental?
a) Davios
b) L'Espalier
c) Via Matta
d) Excelsior

9. Ian Bowles, the secretary of Massachusetts' Executive Office of Energy and Environmental Affairs, ran around the State House at the close of the legislative season, exclaiming "First in the Nation!" following the passage of five "green" bills dealing with environmental issues.
a) True
b) False

10. Which alternative energy industry experienced a backlog in parts early last year that affected some Massachusetts projects?
a) Biofuel
b) Solar
c) Fuel cell
d) Wind

11. Gas prices went above $4 a gallon last year when the per barrel price of crude oil closed on the New York Mercantile Exchange at what amount?
a) $145.29
b) $147.27
c) $150
d) $143.57

12. In 2008, Google went into the cellphone business by introducing its own software for mobile devices. What does Google call its new software?
a) GPhone
b) Android
c) Babble
d) Google Chat

13. The lowest price of a bank-owned condominium sold in Boston through October was:
a) $23,000
b) $45,000
c) $65,000
d) $80,000

14. What $330 billion sector of the investment world froze entirely in February, even before Bear Stearns failed and Wall Street's crisis ensued?
a) high-tech stocks
b) credit card debt
c) auction-rate securities
d) money markets

15. At the end of 2008, when other businesses were laying off workers, which company held job fairs to hire more than 200 engineers and manufacturing workers for its sites in Massachusetts and New Hampshire?
a) EMC Corp.
b) Staples Inc.
c) BAE Inc.
d) Raytheon Co.

16. What top administration job did Lawrence H. Summers, who resigned as Harvard University's president in 2006, land in the Obama administration?
a) Treasury secretary
b) Labor secretary
c) Chief of Staff
d) Director of National Economic Council

17. Which $20 billion military program did the Pentagon cut back last summer to the disappointment of combat systems prime contractor Raytheon Co.?
a) DDG-1000 destroyer
b) F-22 fighter jet
c) Trident submarine
d) Future Combat System

18. Data storage machines from EMC Corp. in Hopkinton were featured in two big-budget Hollywood movies this year. Which two?
a) Quantum of Solace and Batman
b) Iron Man and Seven Pounds
c) Twilight and Four Christmases
d) Body of Lies and Eagle Eye

19. Skybus Airlines, which shut down in April, caused some animosity among customers when it began charging each passenger $10 to bring a carry-on bag on its flights.
a) True
b) False

20. In 2008, Blu-ray emerged as the industry standard format for high-definition DVD players. Name the alternative format that Blu-ray defeated.
a) Divx
b) Betamax
c) HD DVD
d) Flexplay

The first three readers to answer these 20 questions correctly will get a Globe prize. You can further challenge your business knowledge with five more questions on boston.com/business. E-mail your answers and contact information to business@globe.com by Jan. 12 at 5 p.m. Winners will be notified via e-mail or phone. Employees of The New York Times Co., participating partners, and their affiliates are not eligible to participate. Answers to the quiz will be printed Jan. 18. Good luck!