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. Dominated the retail industry by mail order only selling.






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






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






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






5. Setting of prices by mangers of large firms.






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






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






8. Creators of Microsoft






9. Income people could do with as the pleased.






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






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






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






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






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






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






16. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






20. First college of business.






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






22. Corporate offices






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






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






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






26. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






34. Sears.






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






36. Could only hire union workers. Illegal






37. Committed her life to social reform - immigrant committee






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






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






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






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






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






43. Most favored nation. Trade barriers raised.






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






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






46. Congress established a national banking system.






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






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






49. Formalized business practices by standardized management practices.






50. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class