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






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






3. First college of business.






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






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






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






7. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






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






14. Income people could do with as the pleased.






15. Could only hire union workers. Illegal






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






17. Congress established a national banking system.






18. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






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






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






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






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






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






30. Promote economic recovery in Europe.






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






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






33. 1929 stock market crashed






34. Most favored nation. Trade barriers raised.






35. Creators of Microsoft






36. Provided national advertising and mass production






37. Most women were stalled at middle management levels.






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






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






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






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






42. Let the people do as they please






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






44. Formalized business practices by standardized management practices.






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






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






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






48. Worlds largest provider of computer software for desktops.






49. Corporate offices






50. Setting of prices by mangers of large firms.