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. Gold drain; exchange rates; free floating






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






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






4. Creators of Microsoft






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






6. Alliance among public agencies - private firms and trade associations to handle international competitions.






7. Let the people do as they please






8. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






9. Reduction in diversification. Reduction in layers of management.






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






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






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






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






14. Most favored nation. Trade barriers raised.






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






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






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






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






19. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






27. Could only hire union workers. Illegal






28. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






31. Most women were stalled at middle management levels.






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






33. 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.






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






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






36. Corporate offices






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






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






39. Interstate Commerce Commission was strengthened. Regulated rates.






40. Sears.






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






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






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






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






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






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






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






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






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






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