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






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






3. Could only hire union workers. Illegal






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






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






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






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






8. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






13. Let the people do as they please






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






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






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






17. Corporate offices






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






19. Most women were stalled at middle management levels.






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






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






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






23. Creators of Microsoft






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






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






26. Committed her life to social reform - immigrant committee






27. Provided national advertising and mass production






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






29. 1929 stock market crashed






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






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






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






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






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






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






36. Free trade between US - Canada - Mexico






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






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






39. Congress established a national banking system.






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






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






42. Gold drain; exchange rates; free floating






43. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






45. Worlds largest provider of computer software for desktops.






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






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






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






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






50. Reduction in diversification. Reduction in layers of management.