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






2. Committed her life to social reform - immigrant committee






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






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






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






6. Sears.






7. Free trade between US - Canada - Mexico






8. Provided national advertising and mass production






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






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






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






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






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






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






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






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






17. Most favored nation. Trade barriers raised.






18. Corporate offices






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






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






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






22. Could only hire union workers. Illegal






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






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






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






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






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






28. Most women were stalled at middle management levels.






29. 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.






30. First college of business.






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






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






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






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






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






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






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






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






39. Income people could do with as the pleased.






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






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






42. Setting of prices by mangers of large firms.






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






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






45. Gold drain; exchange rates; free floating






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






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






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






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






50. Congress established a national banking system.