Bankrupt Business Blunders
Even the smartest people in the room make mistakes... hopefully it won't be your trivia players. Try this fun trivia game on some of corporate America's biggest blunders!
15 questions · Published March 30, 2021
Trivia questions (5 of 15)
- Multiple Choice
1. In the mid 1990s, what book was rejected by over a dozen publishers that eventually launched a franchise worth more than $20 billion?
FUN FACT
The CEO of Bloomsbury decided to publish the J.K. Rowling's tale of a boy wizard because his 8-year-old daughter begged him to print it.
- Multiple Choice
2. The collapse of Enron Corporation in 2007 popularized what phrase regarding the economic impact of companies going bankrupt?
Enron Corporation was an energy-trading and utilities company based in Houston, Texas, that perpetrated one of the biggest accounting frauds in history. Enron's executives employed accounting practices that falsely inflated the company's revenues and, for a time, made it the seventh-largest corporation in the United States before ultimately filing for bankruptcy.
- Multiple Choice
3. What brick-and-mortar bookseller allowed Amazon to handle its online sales, effectively putting its physical stores out of business?
In March 2007, Borders announced the end of its marketing alliance with Amazon that began six years earlier, as well as plans to launch its own online business in early 2008.
Borders eventually filed for bankruptcy in early 2011.
- Multiple Choice
4. Coca-Cola's launch of "New Coke" in 1985 is seen as one of the biggest blunders of all time. What name was "New Coke" rebranded to before its eventual removal?
FUN FACT
New Coke was first re-branded as Coke II, then removed from shelves altogether.
- Multiple Choice
5. Unable to adapt its business, Nokia quickly went from being the worldwide leader in cell phones to last place. What country is Nokia based in?
FUN FACT
Nokia partnered with Microsoft to implement Windows Phone as Nokia's primary operating system. This move proved to be catastrophic for the company, with Nokia effectively surrendering its market-leading position in 2013. Finally, in 2014, Nokia made the switch to Android, but it was too late.
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