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






2. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






7. Provided national advertising and mass production






8. Could only hire union workers. Illegal






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






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






11. Income people could do with as the pleased.






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






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






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






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






16. Creators of Microsoft






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






18. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






19. Committed her life to social reform - immigrant committee






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






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






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






23. 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.






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






25. Corporate offices






26. Most favored nation. Trade barriers raised.






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






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






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






30. Worlds largest provider of computer software for desktops.






31. First college of business.






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






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






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






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






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






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






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






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






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






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






42. 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.






43. Promote economic recovery in Europe.






44. Congress established a national banking system.






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






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






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






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






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






50. Gold drain; exchange rates; free floating