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






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






3. 1929 stock market crashed






4. Most women were stalled at middle management levels.






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






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






7. Income people could do with as the pleased.






8. Setting of prices by mangers of large firms.






9. Provided national advertising and mass production






10. Worlds largest provider of computer software for desktops.






11. Could only hire union workers. Illegal






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






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






14. Free trade between US - Canada - Mexico






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






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






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






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






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






20. First college of business.






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






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






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






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






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






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






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






28. Reduction in diversification. Reduction in layers of management.






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






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






31. Sears.






32. Promote economic recovery in Europe.






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






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






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






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






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






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






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






40. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






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






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






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






47. Gold drain; exchange rates; free floating






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






49. Sought to break up the control of big business to create more opportunities.






50. Creators of Microsoft







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