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






2. Most women were stalled at middle management levels.






3. Transportation. Airline Act. Rail Act. Motor Carrier Act.






4. Let the people do as they please






5. Gold drain; exchange rates; free floating






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






7. Congress established a national banking system.






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






9. Could only hire union workers. Illegal






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






11. Free trade between US - Canada - Mexico






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






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






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






15. 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.






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






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






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






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






20. Sears.






21. 1929 stock market crashed






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






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






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






25. Worlds largest provider of computer software for desktops.






26. Promote economic recovery in Europe.






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






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






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






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






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






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






33. Creators of Microsoft






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






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






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






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






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






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






40. Setting of prices by mangers of large firms.






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






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






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






44. Corporate offices






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






46. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






48. First college of business.






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






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