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






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






3. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.






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






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






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






7. Provided national advertising and mass production






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






9. Setting of prices by mangers of large firms.






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






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






12. Corporate offices






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






14. Could only hire union workers. Illegal






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






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






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






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






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






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






21. Congress established a national banking system.






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






23. Interstate Commerce Commission was strengthened. Regulated rates.






24. Committed her life to social reform - immigrant committee






25. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






26. Free trade between US - Canada - Mexico






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






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






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






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






31. First college of business.






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






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






34. Most favored nation. Trade barriers raised.






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






36. Formalized business practices by standardized management practices.






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






38. 1929 stock market crashed






39. Creators of Microsoft






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






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






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






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






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






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






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






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






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






49. Income people could do with as the pleased.






50. Transportation. Airline Act. Rail Act. Motor Carrier Act.