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






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






3. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






4. Reduction in diversification. Reduction in layers of management.






5. Provided national advertising and mass production






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






7. Let the people do as they please






8. Committed her life to social reform - immigrant committee






9. Gold drain; exchange rates; free floating






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






11. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






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






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






21. Corporate offices






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






23. Creators of Microsoft






24. Interstate Commerce Commission was strengthened. Regulated rates.






25. First college of business.






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






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






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






29. Most favored nation. Trade barriers raised.






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






31. Most women were stalled at middle management levels.






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






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






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






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






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






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






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






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






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






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






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






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






44. Setting of prices by mangers of large firms.






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






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






47. 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.






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






49. Could only hire union workers. Illegal






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