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. Inflation continued in the absence of robust economic growth.






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






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






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






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






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






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






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






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






10. Free trade between US - Canada - Mexico






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






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






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






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






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






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






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






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






19. Formalized business practices by standardized management practices.






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






21. Interstate Commerce Commission was strengthened. Regulated rates.






22. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






24. Creators of Microsoft






25. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






28. Most favored nation. Trade barriers raised.






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






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






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






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






33. Most women were stalled at middle management levels.






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






35. Let the people do as they please






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






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






38. Corporate offices






39. First college of business.






40. Provided national advertising and mass production






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






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






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






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






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






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






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






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






49. Worlds largest provider of computer software for desktops.






50. Congress established a national banking system.