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






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






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






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






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






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






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






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






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






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






11. Burden of proof to raise rates was now the responsibility of the railroads.






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






13. Interstate Commerce Commission was strengthened. Regulated rates.






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






15. Most favored nation. Trade barriers raised.






16. Let the people do as they please






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






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






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






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






21. 1929 stock market crashed






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






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






24. First college of business.






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






26. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






27. Sears.






28. 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.






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






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






31. Most women were stalled at middle management levels.






32. Income people could do with as the pleased.






33. Provided national advertising and mass production






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






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






36. Committed her life to social reform - immigrant committee






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






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






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






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






41. 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.






42. Free trade between US - Canada - Mexico






43. Congress established a national banking system.






44. Gold drain; exchange rates; free floating






45. Promote economic recovery in Europe.






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






47. Corporate offices






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






49. Worlds largest provider of computer software for desktops.






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