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. Committed her life to social reform - immigrant committee






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






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






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






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






6. Income people could do with as the pleased.






7. 1929 stock market crashed






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






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






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






11. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






13. Let the people do as they please






14. Promote economic recovery in Europe.






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






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






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






18. Sears.






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






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






21. Transportation. Airline Act. Rail Act. Motor Carrier Act.






22. Congress established a national banking system.






23. Provided national advertising and mass production






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






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






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






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






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






29. Could only hire union workers. Illegal






30. Creators of Microsoft






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






32. Formalized business practices by standardized management practices.






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






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






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






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






37. 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.






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






39. Worlds largest provider of computer software for desktops.






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






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






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






43. First college of business.






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






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






46. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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