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. Committed her life to social reform - immigrant committee






2. Corporate offices






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






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






5. Let the people do as they please






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






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






8. Setting of prices by mangers of large firms.






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






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






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






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






13. Sears.






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






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






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






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






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






19. Formalized business practices by standardized management practices.






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






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






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






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






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






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






26. Creators of Microsoft






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






28. Interstate Commerce Commission was strengthened. Regulated rates.






29. First college of business.






30. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.






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






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






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






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






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






36. Provided national advertising and mass production






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






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






39. Promote economic recovery in Europe.






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






41. Free trade between US - Canada - Mexico






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






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






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






45. Most favored nation. Trade barriers raised.






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






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






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






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






50. Worlds largest provider of computer software for desktops.