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






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






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






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






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






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






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






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






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






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






11. Could only hire union workers. Illegal






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






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






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






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






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






17. First college of business.






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






19. Corporate offices






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






21. Transportation. Airline Act. Rail Act. Motor Carrier Act.






22. 1929 stock market crashed






23. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






29. Income people could do with as the pleased.






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






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






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






33. Interstate Commerce Commission was strengthened. Regulated rates.






34. Setting of prices by mangers of large firms.






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






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






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






38. Most women were stalled at middle management levels.






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






40. Provided national advertising and mass production






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






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






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






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






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






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






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






48. Committed her life to social reform - immigrant committee






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






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