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






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






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






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






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






6. Committed her life to social reform - immigrant committee






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






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






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






10. Provided national advertising and mass production






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






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






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






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






15. First college of business.






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






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






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






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






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






21. Free trade between US - Canada - Mexico






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






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






24. Setting of prices by mangers of large firms.






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






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






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






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






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






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






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






32. Formalized business practices by standardized management practices.






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






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






35. Corporate offices






36. Setting of the firms strategy according to realistic observations of available customers and then organizing the firm to coordinate production - distribution - sales and service according to these observations.






37. Most women were stalled at middle management levels.






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






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






40. Let the people do as they please






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






42. Gold drain; exchange rates; free floating






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






44. 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.






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






46. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






50. Interstate Commerce Commission was strengthened. Regulated rates.