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






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






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






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






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






6. Set of values that placed a higher priority on the use of good than on their production.






7. Provided national advertising and mass production






8. Committed her life to social reform - immigrant committee






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






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






11. Creators of Microsoft






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






13. Corporate offices






14. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






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






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






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






21. Gold drain; exchange rates; free floating






22. Could only hire union workers. Illegal






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






24. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






28. First college of business.






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






30. Setting of prices by mangers of large firms.






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






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






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






34. Formalized business practices by standardized management practices.






35. Worlds largest provider of computer software for desktops.






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. Promote economic recovery in Europe.






38. Reduction in diversification. Reduction in layers of management.






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






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






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






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






43. Congress established a national banking system.






44. Let the people do as they please






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






46. Most women were stalled at middle management levels.






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






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






49. 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.






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