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






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






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






4. Worlds largest provider of computer software for desktops.






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






6. 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.






7. Most favored nation. Trade barriers raised.






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






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






10. Gold drain; exchange rates; free floating






11. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






14. Most women were stalled at middle management levels.






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






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






17. 1929 stock market crashed






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






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






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






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






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






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






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






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






26. Setting of prices by mangers of large firms.






27. Committed her life to social reform - immigrant committee






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






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






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






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






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






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






34. Corporate offices






35. Reduction in diversification. Reduction in layers of management.






36. Congress established a national banking system.






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






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






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






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






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






42. Free trade between US - Canada - Mexico






43. Could only hire union workers. Illegal






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






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






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






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






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






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






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