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






2. 1929 stock market crashed






3. Congress established a national banking system.






4. Corporate offices






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






6. Formalized business practices by standardized management practices.






7. 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.






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






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






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






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






12. Most women were stalled at middle management levels.






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






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






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






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






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






18. Worlds largest provider of computer software for desktops.






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






20. Creators of Microsoft






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






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






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






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






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






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






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






28. Gold drain; exchange rates; free floating






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






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






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






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






33. First college of business.






34. Free trade between US - Canada - Mexico






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






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






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






38. Could only hire union workers. Illegal






39. Provided national advertising and mass production






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






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






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






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






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






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






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






47. Committed her life to social reform - immigrant committee






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






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






50. Let the people do as they please