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






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






3. Committed her life to social reform - immigrant committee






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






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






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






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






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






9. Sears.






10. 1929 stock market crashed






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






12. Most favored nation. Trade barriers raised.






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






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






15. Corporate offices






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






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






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






19. Income people could do with as the pleased.






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






21. Setting of prices by mangers of large firms.






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






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






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






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






26. First college of business.






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






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






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






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






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






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






33. Creators of Microsoft






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






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






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






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






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






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






40. Transportation. Airline Act. Rail Act. Motor Carrier Act.






41. Could only hire union workers. Illegal






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






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






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






45. Free trade between US - Canada - Mexico






46. Congress established a national banking system.






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






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






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






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