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. Most women were stalled at middle management levels.






2. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






5. Creators of Microsoft






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






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






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






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






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






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






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






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






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






15. Gold drain; exchange rates; free floating






16. Free trade between US - Canada - Mexico






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






18. Income people could do with as the pleased.






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






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






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






22. 1929 stock market crashed






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






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






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






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






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






28. Promote economic recovery in Europe.






29. Provided national advertising and mass production






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






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






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






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






34. Congress established a national banking system.






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






36. First college of business.






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






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






39. 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.






40. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






42. 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.






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






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






45. Reduction in diversification. Reduction in layers of management.






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






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






48. Let the people do as they please






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






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