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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. Gold drain; exchange rates; free floating






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






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






4. Committed her life to social reform - immigrant committee






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






6. Could only hire union workers. Illegal






7. Let the people do as they please






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






9. 1929 stock market crashed






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






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






12. Promote economic recovery in Europe.






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






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






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






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






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






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






19. Most favored nation. Trade barriers raised.






20. 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.






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






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






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






24. Setting of prices by mangers of large firms.






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






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






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






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






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






30. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






32. Free trade between US - Canada - Mexico






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






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






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






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






37. First college of business.






38. Provided national advertising and mass production






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






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






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






42. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






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







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Can you answer 50 questions in 15 minutes?


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