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






2. Let the people do as they please






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






4. 1929 stock market crashed






5. Creators of Microsoft






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






7. Could only hire union workers. Illegal






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






9. Congress established a national banking system.






10. Promote economic recovery in Europe.






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






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






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






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






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






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






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






18. Most favored nation. Trade barriers raised.






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






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






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






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






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






24. Gold drain; exchange rates; free floating






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






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






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






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






29. First college of business.






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






31. Worlds largest provider of computer software for desktops.






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






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






34. 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.






35. Corporate offices






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






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






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






39. Formalized business practices by standardized management practices.






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






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






42. Committed her life to social reform - immigrant committee






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






44. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






47. Free trade between US - Canada - Mexico






48. Provided national advertising and mass production






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






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