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. Companies had the right to manage. Union leaders.






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






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






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






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






6. Creators of Microsoft






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






8. Sears.






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






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






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






12. Promote economic recovery in Europe.






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






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






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






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






17. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






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






24. First college of business.






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






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






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






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






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






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






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






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






34. Most women were stalled at middle management levels.






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






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






37. Committed her life to social reform - immigrant committee






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






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






40. Congress established a national banking system.






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






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






43. Interstate Commerce Commission was strengthened. Regulated rates.






44. Let the people do as they please






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






46. Income people could do with as the pleased.






47. Most favored nation. Trade barriers raised.






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






49. Could only hire union workers. Illegal






50. Provided national advertising and mass production