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. Business leaders sought to achieve cooperation among business - labor and government.






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






3. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.






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






5. GM - Ford - and Chrysler dominated the market. GM=50% share






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






7. Setting of prices by mangers of large firms.






8. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony






9. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






11. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.






12. Interstate Commerce Commission was strengthened. Regulated rates.






13. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.






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






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






16. Corporate offices






17. Items purchased by consumers for use over more than a year or two.






18. Committed her life to social reform - immigrant committee






19. Creators of Microsoft






20. Most women were stalled at middle management levels.






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






22. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.






23. Provided national advertising and mass production






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






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






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






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






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






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






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






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






32. Oil refining business. He was the first billionaire.






33. Most favored nation. Trade barriers raised.






34. Free trade between US - Canada - Mexico






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






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






37. Close banks to keep people from withdrawing all of their money and collapsing the banks.






38. Congress established a national banking system.






39. Urged the gov't to control the money supply in order to control inflation.






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






41. Sought to break up the control of big business to create more opportunities.






42. Formalized business practices by standardized management practices.






43. Reduction in diversification. Reduction in layers of management.






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






45. President;FDIC;Closed all banks on first day in office;only president to serve four terms.






46. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.






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






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






49. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.






50. Inflation continued in the absence of robust economic growth.