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






2. Most favored nation. Trade barriers raised.






3. Worlds largest provider of computer software for desktops.






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






5. Free trade between US - Canada - Mexico






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






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






8. Corporate offices






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






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






11. Started as a gun powder company - Rate of return.






12. Creators of Microsoft






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






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






15. First college of business.






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






17. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






21. 1929 stock market crashed






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






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






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






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






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






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






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






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






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






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






32. Gold drain; exchange rates; free floating






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






34. Setting of prices by mangers of large firms.






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






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






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






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






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






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






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






42. Income people could do with as the pleased.






43. Promote economic recovery in Europe.






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






45. Most women were stalled at middle management levels.






46. Congress established a national banking system.






47. Committed her life to social reform - immigrant committee






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






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






50. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class