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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 12 and 13.

Multiple Choice Questions

1. The oil-producing nations were ____ to unload their gluts of oil on Rich, according to the author in Chapter 7.
(a) Glad.
(b) Reluctant.
(c) Hesitant.
(d) Refusing.

2. Who were the first countries to move towards the establishment of OPEC in the 1960s by approaching Iraq?
(a) Iran and Saudi Arabia.
(b) Saudi Arabia and the U.S.
(c) Venezuela and Iran.
(d) Venezuela and Saudi Arabia.

3. What was the greatest problem facing Philipp Brothers and their trading of oil?
(a) Governmental controls.
(b) Storage and transportation.
(c) Finding sellers.
(d) Finding buyers.

4. What did Rich decide Philipp Brothers needed which would serve as a tax advantage and also allow the company to save money in Chapter 7?
(a) An oil company.
(b) A film company.
(c) An oil refinery.
(d) An oil tanker.

5. What was the name of Marc Rich's chief officer who was found murdered in Chapter 13?
(a) James Skawinski.
(b) Peter Dansing.
(c) David Drummel.
(d) Edmond Mantel.

Short Answer Questions

1. Following Rich and Pinky's plot in Chapter 7, the other traders were distracted and annoyed by the incident and dissatisfied with what?

2. Who was never comfortable with oil trade because it was a segment of the market that was controlled by forces outside of Philipp Brothers?

3. What was the name of Marc Rich's father?

4. When did Marc Rich's family move to the United States?

5. Who was very concerned with the risks that Rich was taking with oil trading in Chapter 7?

(see the answer key)

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