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. Most women were stalled at middle management levels.






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






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






4. Corporate offices






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






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






7. Income people could do with as the pleased.






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






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






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






11. 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.






12. Sears.






13. 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.






14. Reduction in diversification. Reduction in layers of management.






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






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






17. Provided national advertising and mass production






18. Free trade between US - Canada - Mexico






19. Formalized business practices by standardized management practices.






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






21. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






25. Committed her life to social reform - immigrant committee






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






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






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






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






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






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






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






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






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






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






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






37. First college of business.






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






39. Management could hire whomever they wanted but after a period of time. All workers had to join the union.






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






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






42. Most favored nation. Trade barriers raised.






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






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






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






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






47. Worlds largest provider of computer software for desktops.






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






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






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