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. Gold drain; exchange rates; free floating






2. Corporate offices






3. Companies had the right to manage. Union leaders.






4. Could only hire union workers. Illegal






5. Setting of prices by mangers of large firms.






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






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






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






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






10. Promote economic recovery in Europe.






11. First college of business.






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






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






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






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






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






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






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






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






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






21. Free trade between US - Canada - Mexico






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






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






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






25. Committed her life to social reform - immigrant committee






26. Most women were stalled at middle management levels.






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






28. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






31. Let the people do as they please






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






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






34. Sears.






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






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






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






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






40. Congress established a national banking system.






41. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






44. 1929 stock market crashed






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






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






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






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






49. Worlds largest provider of computer software for desktops.






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