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






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






3. Congress established a national banking system.






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






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






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






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






8. Sears.






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






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






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






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






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






14. Let the people do as they please






15. Reduction in diversification. Reduction in layers of management.






16. Promote economic recovery in Europe.






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






18. Could only hire union workers. Illegal






19. Most favored nation. Trade barriers raised.






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






21. 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.






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






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






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






25. Gold drain; exchange rates; free floating






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






27. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






28. Formalized business practices by standardized management practices.






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






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






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






32. Creators of Microsoft






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






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






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






36. Interstate Commerce Commission was strengthened. Regulated rates.






37. Setting of prices by mangers of large firms.






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






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






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






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






42. Free trade between US - Canada - Mexico






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






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






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






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






47. 1929 stock market crashed






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






49. Most women were stalled at middle management levels.






50. First college of business.