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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. Gold drain; exchange rates; free floating






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






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






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






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






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






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






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






9. Creators of Microsoft






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






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






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






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






14. Most women were stalled at middle management levels.






15. Most favored nation. Trade barriers raised.






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






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






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






19. Setting of prices by mangers of large firms.






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






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






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






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






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






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






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






27. Interstate Commerce Commission was strengthened. Regulated rates.






28. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.






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






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






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






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






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






34. Income people could do with as the pleased.






35. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






41. Free trade between US - Canada - Mexico






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






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






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






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






46. First college of business.






47. 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.






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






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






50. Provided national advertising and mass production






Can you answer 50 questions in 15 minutes?



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