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. Provided national advertising and mass production






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






3. Interstate Commerce Commission was strengthened. Regulated rates.






4. Setting of prices by mangers of large firms.






5. 1929 stock market crashed






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






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






8. Free trade between US - Canada - Mexico






9. Most women were stalled at middle management levels.






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






11. Promote economic recovery in Europe.






12. Worlds largest provider of computer software for desktops.






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






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






15. Most favored nation. Trade barriers raised.






16. Income people could do with as the pleased.






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






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






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






20. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






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






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






28. 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.






29. First college of business.






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






31. Formalized business practices by standardized management practices.






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






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






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






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






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






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






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






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






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






41. Gold drain; exchange rates; free floating






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






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






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






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






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






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






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






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






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