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






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






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






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






5. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






9. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






17. Most women were stalled at middle management levels.






18. Formalized business practices by standardized management practices.






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






20. Congress established a national banking system.






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






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






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






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






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






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






27. Most favored nation. Trade barriers raised.






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






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






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






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






32. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






33. Sears.






34. Let the people do as they please






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






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






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






38. Corporate offices






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






40. Creators of Microsoft






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






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






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






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






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






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






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






48. Income people could do with as the pleased.






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






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