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






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






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






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






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






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






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






8. Congress established a national banking system.






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






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






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






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






13. 1929 stock market crashed






14. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






21. 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.






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






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






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






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






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






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






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






29. Promote economic recovery in Europe.






30. Gold drain; exchange rates; free floating






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






32. Committed her life to social reform - immigrant committee






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






34. Corporate offices






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






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






37. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






40. Sears.






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






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






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






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






45. Reduction in diversification. Reduction in layers of management.






46. First college of business.






47. Free trade between US - Canada - Mexico






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






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






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






Can you answer 50 questions in 15 minutes?



Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests