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






2. Most favored nation. Trade barriers raised.






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






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






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






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






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






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






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






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






11. Committed her life to social reform - immigrant committee






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






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






14. Creators of Microsoft






15. 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.






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






17. Congress established a national banking system.






18. Could only hire union workers. Illegal






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






20. Reduction in diversification. Reduction in layers of management.






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






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






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






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






25. Setting of prices by mangers of large firms.






26. Corporate offices






27. Free trade between US - Canada - Mexico






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






29. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






31. Transportation. Airline Act. Rail Act. Motor Carrier Act.






32. Formalized business practices by standardized management practices.






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






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






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






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






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






38. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






42. Most women were stalled at middle management levels.






43. Provided national advertising and mass production






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






45. Income people could do with as the pleased.






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






47. 1929 stock market crashed






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






49. Worlds largest provider of computer software for desktops.






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