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






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






3. Congress established a national banking system.






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






5. Provided national advertising and mass production






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






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






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






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






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






11. Could only hire union workers. Illegal






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






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






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






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






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






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






18. 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.






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






20. 1929 stock market crashed






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






22. Reduction in diversification. Reduction in layers of management.






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






24. First college of business.






25. Corporate offices






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






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






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






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






30. Let the people do as they please






31. Most women were stalled at middle management levels.






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






33. Promote economic recovery in Europe.






34. Gold drain; exchange rates; free floating






35. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






39. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






46. Creators of Microsoft






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






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






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






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