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. Let the people do as they please






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






3. Worlds largest provider of computer software for desktops.






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






5. Corporate offices






6. Committed her life to social reform - immigrant committee






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






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






9. Control all aspects of an industry from raw materials to retail.






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






11. Creators of Microsoft






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






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






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






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






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






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






18. Congress established a national banking system.






19. Most women were stalled at middle management levels.






20. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






24. Reduction in diversification. Reduction in layers of management.






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






26. 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.






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






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






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






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






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






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






33. Could only hire union workers. Illegal






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






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






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






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






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






39. Income people could do with as the pleased.






40. Promote economic recovery in Europe.






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






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






43. Formalized business practices by standardized management practices.






44. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.






45. Setting of prices by mangers of large firms.






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






47. Provided national advertising and mass production






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






49. A few firms dominate an industry. Price competition decreased.






50. Interstate Commerce Commission was strengthened. Regulated rates.