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






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






3. First college of business.






4. Setting of prices by mangers of large firms.






5. 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.






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






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






8. Income people could do with as the pleased.






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






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






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






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






13. Creators of Microsoft






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






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






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






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






18. Corporate offices






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






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






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






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






23. Sears.






24. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






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






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






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






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






32. Most women were stalled at middle management levels.






33. Worlds largest provider of computer software for desktops.






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






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






36. Promote economic recovery in Europe.






37. Provided national advertising and mass production






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






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






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






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






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






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






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






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






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






47. Panic of 1907 - 5 members - foreign transactions went through NY.






48. Gold drain; exchange rates; free floating






49. Congress established a national banking system.






50. Most favored nation. Trade barriers raised.