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






2. Free trade between US - Canada - Mexico






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






4. Most women were stalled at middle management levels.






5. Provided national advertising and mass production






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






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






8. Committed her life to social reform - immigrant committee






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






10. Income people could do with as the pleased.






11. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






13. Creators of Microsoft






14. Gold drain; exchange rates; free floating






15. Worlds largest provider of computer software for desktops.






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






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






18. Formalized business practices by standardized management practices.






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






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






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






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






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






24. Let the people do as they please






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






26. 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.






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






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






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






30. Setting of prices by mangers of large firms.






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






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






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






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






35. Promote economic recovery in Europe.






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






37. Could only hire union workers. Illegal






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






39. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






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






46. Interstate Commerce Commission was strengthened. Regulated rates.






47. First college of business.






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






49. Sears.






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