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






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






3. Gold drain; exchange rates; free floating






4. Worlds largest provider of computer software for desktops.






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






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






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






8. Sears.






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






10. Inflation continued in the absence of robust economic growth.






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






12. Could only hire union workers. Illegal






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






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






15. Corporate offices






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






17. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






21. Let the people do as they please






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






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






24. Committed her life to social reform - immigrant committee






25. Promote economic recovery in Europe.






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






27. Provided national advertising and mass production






28. Retailer - mail-order companies. Name brand products - advertising - catalogs.






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






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






31. Creators of Microsoft






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






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






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






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






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






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






38. Income people could do with as the pleased.






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






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






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






42. Free trade between US - Canada - Mexico






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






44. 1929 stock market crashed






45. Most favored nation. Trade barriers raised.






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






47. 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.






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






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






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