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






2. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






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






10. Income people could do with as the pleased.






11. Creators of Microsoft






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






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






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






15. Corporate offices






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






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






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






19. Committed her life to social reform - immigrant committee






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






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






22. Worlds largest provider of computer software for desktops.






23. 1929 stock market crashed






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






25. Most favored nation. Trade barriers raised.






26. First college of business.






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






28. Promote economic recovery in Europe.






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






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






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






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






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






34. Formalized business practices by standardized management practices.






35. Most women were stalled at middle management levels.






36. 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.






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






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






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






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






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






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






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






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






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






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






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






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






49. Congress established a national banking system.






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