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






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






3. Free trade between US - Canada - Mexico






4. Corporate offices






5. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






8. First college of business.






9. Worlds largest provider of computer software for desktops.






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






11. Income people could do with as the pleased.






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






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






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






15. Most favored nation. Trade barriers raised.






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






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






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






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






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






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






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






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






24. Let the people do as they please






25. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






26. Creators of Microsoft






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






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






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






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






31. Formalized business practices by standardized management practices.






32. Most women were stalled at middle management levels.






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






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






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






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






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






38. Could only hire union workers. Illegal






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






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






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






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






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






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






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






46. 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.






47. Setting of prices by mangers of large firms.






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






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






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