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






2. Promote economic recovery in Europe.






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






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






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






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






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






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






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






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






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






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






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






14. Income people could do with as the pleased.






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






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






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






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






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






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






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






22. Formalized business practices by standardized management practices.






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






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






25. 1929 stock market crashed






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






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






28. Worlds largest provider of computer software for desktops.






29. Setting of prices by mangers of large firms.






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






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






32. Sears.






33. 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.






34. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






35. Let the people do as they please






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






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






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






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






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






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






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






43. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






46. Most women were stalled at middle management levels.






47. Most favored nation. Trade barriers raised.






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






49. Congress established a national banking system.






50. Interstate Commerce Commission was strengthened. Regulated rates.