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. Formalized business practices by standardized management practices.






2. Let the people do as they please






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






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






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






6. Provided national advertising and mass production






7. Creators of Microsoft






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






9. Income people could do with as the pleased.






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






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






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






13. Gold drain; exchange rates; free floating






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






15. Most favored nation. Trade barriers raised.






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






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






18. Worlds largest provider of computer software for desktops.






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






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






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






22. Committed her life to social reform - immigrant committee






23. 1929 stock market crashed






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






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






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






27. Sears.






28. Free trade between US - Canada - Mexico






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






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






31. Setting of prices by mangers of large firms.






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






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






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






35. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






38. Reduction in diversification. Reduction in layers of management.






39. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






40. First college of business.






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






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






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






44. Most women were stalled at middle management levels.






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






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






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






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






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






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