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. Income people could do with as the pleased.






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






3. Let the people do as they please






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






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






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






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






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






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






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






11. Worlds largest provider of computer software for desktops.






12. Interstate Commerce Commission was strengthened. Regulated rates.






13. First college of business.






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






15. Creators of Microsoft






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






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






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






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






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






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






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






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






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






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






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






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






28. 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.






29. Congress established a national banking system.






30. Committed her life to social reform - immigrant committee






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






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






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






34. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






36. Could only hire union workers. Illegal






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






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






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






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






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






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






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






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






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






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






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






48. Setting of prices by mangers of large firms.






49. Most favored nation. Trade barriers raised.






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