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






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






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






4. Provided national advertising and mass production






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






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






7. Free trade between US - Canada - Mexico






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






9. Sears.






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






11. Setting of prices by mangers of large firms.






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






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






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






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






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






17. Worlds largest provider of computer software for desktops.






18. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






20. Committed her life to social reform - immigrant committee






21. Most favored nation. Trade barriers raised.






22. Gold drain; exchange rates; free floating






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






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






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






26. Business - not independent trade unions should look after the best interest of the workers.






27. Promote economic recovery in Europe.






28. Interstate Commerce Commission was strengthened. Regulated rates.






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






30. Corporate offices






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






32. Formalized business practices by standardized management practices.






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






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






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






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






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






38. Income people could do with as the pleased.






39. Creators of Microsoft






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






41. Most women were stalled at middle management levels.






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






43. Let the people do as they please






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






45. Defense department became a significant source for scientific and engineering. Led by private firms and university.






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






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






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






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






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