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






2. Free trade between US - Canada - Mexico






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






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






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






6. Goal was to represent the interests of American business in general.






7. 1929 stock market crashed






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






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






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






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






12. Worlds largest provider of computer software for desktops.






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






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






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






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






17. Gold drain; exchange rates; free floating






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






19. Setting of prices by mangers of large firms.






20. Promote economic recovery in Europe.






21. Could only hire union workers. Illegal






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






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






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






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






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






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






28. Congress established a national banking system.






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






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






31. 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.






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






33. Most women were stalled at middle management levels.






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






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






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






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






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






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






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






41. Creators of Microsoft






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






43. Corporate offices






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






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






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






47. Committed her life to social reform - immigrant committee






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






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






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