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






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






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






4. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






6. Defense department became a significant source for scientific and engineering. Led by private firms and university.






7. Sears.






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






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






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






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






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






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






14. Corporate offices






15. Provided national advertising and mass production






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






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






18. Promote economic recovery in Europe.






19. Reduction in diversification. Reduction in layers of management.






20. Setting of prices by mangers of large firms.






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






22. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






27. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.






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






29. Most favored nation. Trade barriers raised.






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






31. Formalized business practices by standardized management practices.






32. GM - Ford - and Chrysler dominated the market. GM=50% share






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






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






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






36. Committed her life to social reform - immigrant committee






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






38. Free trade between US - Canada - Mexico






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






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






41. Worlds largest provider of computer software for desktops.






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






43. First college of business.






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






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






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






47. Congress established a national banking system.






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






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






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