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