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. Worlds largest provider of computer software for desktops.






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






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






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






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






7. Dominated the retail industry by mail order only selling.






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






9. Formalized business practices by standardized management practices.






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






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






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






13. Let the people do as they please






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






15. Promote economic recovery in Europe.






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






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






18. Setting of prices by mangers of large firms.






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






20. Setting of the firms strategy according to realistic observations of available customers and then organizing the firm to coordinate production - distribution - sales and service according to these observations.






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






22. Gold drain; exchange rates; free floating






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






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






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






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






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






28. Father of Scientific Management. Studied individual tasks to make them more efficient. Used a stop watch to measure time it takes to complete a task.






29. Committed her life to social reform - immigrant committee






30. Most favored nation. Trade barriers raised.






31. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.






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






33. Worked divided by specific tasks. i.e. accounting - production - ect.






34. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.






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






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






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






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






39. Reduction in diversification. Reduction in layers of management.






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






41. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.






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






43. Corporate offices






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






45. Burden of proof to raise rates was now the responsibility of the railroads.






46. Income people could do with as the pleased.






47. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






50. First college of business.