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






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






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






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






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






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






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






9. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






10. Committed her life to social reform - immigrant committee






11. Most favored nation. Trade barriers raised.






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






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






14. Income people could do with as the pleased.






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






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






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






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






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






20. Let the people do as they please






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






22. 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.






23. Free trade between US - Canada - Mexico






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






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






26. Gold drain; exchange rates; free floating






27. 1929 stock market crashed






28. Worlds largest provider of computer software for desktops.






29. Formalized business practices by standardized management practices.






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






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






32. 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.






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






34. Congress established a national banking system.






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






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






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






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






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






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






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






42. Provided national advertising and mass production






43. Most women were stalled at middle management levels.






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






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






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






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






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






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






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