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. Corporate offices






2. Provided national advertising and mass production






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






4. Most favored nation. Trade barriers raised.






5. Promote economic recovery in Europe.






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






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






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






9. Congress established a national banking system.






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






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






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






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






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






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






16. Sears.






17. Gold drain; exchange rates; free floating






18. 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.






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






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






21. Could only hire union workers. Illegal






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






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






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






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






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






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






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






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






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






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






32. 1929 stock market crashed






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






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






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






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






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






38. Most women were stalled at middle management levels.






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






40. Interstate Commerce Commission was strengthened. Regulated rates.






41. Worlds largest provider of computer software for desktops.






42. 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.






43. Let the people do as they please






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






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






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






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






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






49. Creators of Microsoft






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