Test your basic knowledge |

Management 101: Business History

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Burden of proof to raise rates was now the responsibility of the railroads.






2. Started as a gun powder company - Rate of return.






3. Panic of 1907 - 5 members - foreign transactions went through NY.






4. 1929 stock market crashed






5. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






6. Promote economic recovery in Europe.






7. President. Standard oil - american tobacco - us steel.






8. Few companies combines forces to control production of sale of a product.






9. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.






10. Provided national advertising and mass production






11. Paper currency issued by the government to finance to civil war.






12. Ultimate authority of nations economic well being shifted from private arena - to public arena.






13. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays






14. Use borrowed money to buy company. Sometimes used to take 'stock private'






15. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.






16. Sears.






17. Developed the assembly line. Anti Union. Model T.






18. Let the people do as they please






19. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't






20. Programs intended to stabilize the economy while maintaining individual autonomy.






21. Management could hire whomever they wanted but after a period of time. All workers had to join the union.






22. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.






23. Committed her life to social reform - immigrant committee






24. American firms were poised to dominate economic activity in a system of free trade.






25. A few firms dominate an industry. Price competition decreased.






26. Employers can hire whoever they want. Both union and non union.






27. Goal was to represent the interests of American business in general.






28. Sec. of Treasury under lincoln. Father of national Banking system.






29. Companies had the right to manage. Union leaders.






30. Retailer - mail-order companies. Name brand products - advertising - catalogs.






31. Most women were stalled at middle management levels.






32. Workers would enjoy the rights of association and the ability to influence wage levels.






33. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.






34. Free trade between US - Canada - Mexico






35. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.






36. Control all aspects of an industry from raw materials to retail.






37. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.






38. Creators of Microsoft






39. Most favored nation. Trade barriers raised.






40. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler






41. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.






42. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.






43. Setting of prices by mangers of large firms.






44. Use of stock tender to offer to buy a company that did not want to sell.






45. Gold drain; exchange rates; free floating






46. Transportation. Airline Act. Rail Act. Motor Carrier Act.






47. Corporate offices






48. Set of values that placed a higher priority on the use of good than on their production.






49. Could only hire union workers. Illegal






50. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.