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






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






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






4. First college of business.






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






6. Transportation. Airline Act. Rail Act. Motor Carrier Act.






7. Creators of Microsoft






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






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






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






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






12. Sears.






13. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






14. Reduction in diversification. Reduction in layers of management.






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






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






17. Let the people do as they please






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






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






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






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






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






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






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






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






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






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






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






29. Corporate offices






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






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






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






33. Free trade between US - Canada - Mexico






34. 1929 stock market crashed






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






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






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






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






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






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






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






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






43. Setting of prices by mangers of large firms.






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






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






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






47. Worlds largest provider of computer software for desktops.






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






49. 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.






50. Income people could do with as the pleased.