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. First college of business.






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






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






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






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






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






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






8. Worlds largest provider of computer software for desktops.






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






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






11. Setting of prices by mangers of large firms.






12. 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.






13. Gold drain; exchange rates; free floating






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






15. 1929 stock market crashed






16. Formalized business practices by standardized management practices.






17. Congress established a national banking system.






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. Companies had the right to manage. Union leaders.






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






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






22. Free trade between US - Canada - Mexico






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






39. Committed her life to social reform - immigrant committee






40. Interstate Commerce Commission was strengthened. Regulated rates.






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






42. Corporate offices






43. Creators of Microsoft






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






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






46. Income people could do with as the pleased.






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






48. Most favored nation. Trade barriers raised.






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






50. Promote economic recovery in Europe.