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






2. Interstate Commerce Commission was strengthened. Regulated rates.






3. Provided national advertising and mass production






4. Dominated the retail industry by mail order only selling.






5. Creators of Microsoft






6. Committed her life to social reform - immigrant committee






7. Could only hire union workers. Illegal






8. Most women were stalled at middle management levels.






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






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






11. Promote economic recovery in Europe.






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






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






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






15. Reduction in diversification. Reduction in layers of management.






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






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






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






19. Most favored nation. Trade barriers raised.






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






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






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






23. Let the people do as they please






24. Setting of prices by mangers of large firms.






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






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






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






28. 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.






29. First college of business.






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






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






32. 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.






33. Income people could do with as the pleased.






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






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






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






37. Worlds largest provider of computer software for desktops.






38. 1929 stock market crashed






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






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






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






42. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






46. Congress established a national banking system.






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






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






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






50. Gold drain; exchange rates; free floating