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






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






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






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






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






6. Income people could do with as the pleased.






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






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






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






10. Inflation continued in the absence of robust economic growth.






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






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






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






14. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






18. Most women were stalled at middle management levels.






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






20. Gold drain; exchange rates; free floating






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






22. 1929 stock market crashed






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






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






25. Sears.






26. Let the people do as they please






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






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






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






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






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






32. Could only hire union workers. Illegal






33. Committed her life to social reform - immigrant committee






34. 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.






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






36. Reduction in diversification. Reduction in layers of management.






37. Creators of Microsoft






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






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






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






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






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






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






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






45. Congress established a national banking system.






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






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






48. Promote economic recovery in Europe.






49. Interstate Commerce Commission was strengthened. Regulated rates.






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