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






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






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






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






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






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






7. President. Standard oil - american tobacco - us steel.






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






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






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






11. Creators of Microsoft






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






13. Interstate Commerce Commission was strengthened. Regulated rates.






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






15. Sears.






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






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






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






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






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






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






22. 1929 stock market crashed






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






24. Provided national advertising and mass production






25. Committed her life to social reform - immigrant committee






26. Congress established a national banking system.






27. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






33. Most women were stalled at middle management levels.






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






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






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






37. Setting of prices by mangers of large firms.






38. Free trade between US - Canada - Mexico






39. Could only hire union workers. Illegal






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






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






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






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






44. Reduction in diversification. Reduction in layers of management.






45. Gold drain; exchange rates; free floating






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






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






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






49. Most favored nation. Trade barriers raised.






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