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Black Business and Entrepreneurship Flashcards | StudBud
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Black Business and Entrepreneurship
Black Business and Entrepreneurship
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Flashcards
28 cards
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Questions
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Answers
1
How many countries did TLC Beatrice operate in?
31
50
20
10
2
Who was president of The Freedman’s Savings Bank?
Reginald F. Lewis
Booker T. Washington
Frederick Douglass
O.W. Gurley
3
What does FUBU stand for?
For Us, By Us
For Urban Black Unity
Founders of Unique Brands Uniting
Fashion Under Business Use
4
What personal struggle led Madam C.J. Walker to create her business?
Hair loss
Allergies
Skin conditions
Lack of employment
5
What inspired Bea Dixon to start her company?
A college research project
Advice from a business coach
A dream where an ancestor gave her healing ingredients
A scientific breakthrough
6
Where was Citizens Trust Bank founded?
Atlanta, Georgia
Chicago, Illinois
Tulsa, Oklahoma
New York City, New York
7
What industry did Madam C.J. Walker build her fortune in?
Real Estate
Fashion
Banking
Haircare
8
What company did Richelieu Dennis co-found?
SheaMoisture
The Honey Pot Company
Carol’s Daughter
FUBU
9
How much did Bea Dixon sell her company for in 2024?
$100 million
$850 million
$50 million
$380 million
10
What did these fashion brands represent beyond clothing?
Strictly luxury goods
Only music merchandise
Sports equipment
Lifestyle and cultural identity
11
What was special about Madam C.J. Walker’s home?
It was built by her employees.
It was designed by the first Black licensed architect in New York.
It was in California.
It was turned into a school.
12
What was Lewis known for outside of business?
Donating millions to education and community organizations
Writing books on economics
Starting a record label
Becoming a political leader
13
What was Greenwood District’s more famous name?
Freedom Plaza
Harlem Square
The Golden District
Black Wall Street
14
What type of business did Bea Dixon start?
Skincare products
Plant-based feminine care
Fitness equipment
Black-owned banking
15
What product did Dennis start selling before expanding his brand?
Perfumes
Hair extensions
Handmade shea butter soaps
Essential oils
16
What was a major impact of Madam C.J. Walker’s company?
It provided employment opportunities for thousands of Black women.
It was a government-funded business.
It was the first beauty brand in America.
It focused solely on men’s haircare.
17
What event led to the destruction of Black Wall Street?
A natural disaster
Tulsa Race Massacre of 1921
The Civil Rights Movement
The Great Depression
18
What was NOT a business found in the Greenwood District?
Grocery stores
Luxury hotels
Theaters
Automobile factories
19
Why were Black-owned banks important?
They only served wealthy clients.
They only offered small business loans.
They were owned by the government.
To provide financial services and economic opportunities to Blacks
20
Which fashion brand was created by Russell Simmons?
Sean John
Phat Farm
Rocawear
FUBU
21
What is the name of Bea Dixon’s company?
Carol’s Daughter
SheaMoisture
The Honey Pot Company
African Pride
22
What did Lewis accomplish with his business?
Opened the first Black law firm
Created the largest Black-owned business in the U.S. in the 1980s
Built the first Black bank
Launched a tech startup
23
What company did Reginald F. Lewis buy out?
Phat Farm
Johnson Publishing
Beatrice International Foods
SheaMoisture
24
What did Dennis do after selling SheaMoisture?
Invested in Black entrepreneurs and economic empowerment
Became a fashion designer
Started a music career
Retired from business completely
25
Where did O.W. Gurley purchase land to establish the Greenwood District?
Chicago, Illinois
Atlanta, Georgia
Tulsa, Oklahoma
Montgomery, Alabama
26
What was Maggie Lena Walker known for?
Being a Civil Rights leader
Starting the NAACP
Founding the First Woman’s Bank
Writing a famous autobiography
27
Who bought SheaMoisture in 2017?
Johnson & Johnson
L’Oréal
Unilever
Procter & Gamble
28
Which hip-hop mogul was associated with Rocawear?
Nas
Kanye West
Jay-Z
Diddy
