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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. Inflation continued in the absence of robust economic growth.






4. 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.






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






6. Formalized business practices by standardized management practices.






7. Sears.






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






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






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






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






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






13. Provided national advertising and mass production






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






15. Promote economic recovery in Europe.






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






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






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






19. Committed her life to social reform - immigrant committee






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






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






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






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






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






25. 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.






26. Congress established a national banking system.






27. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






31. First college of business.






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






33. Most favored nation. Trade barriers raised.






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






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






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






37. Most women were stalled at middle management levels.






38. Let the people do as they please






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






40. Worlds largest provider of computer software for desktops.






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






42. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






46. Setting of prices by mangers of large firms.






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






48. 1929 stock market crashed






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






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







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Can you answer 50 questions in 15 minutes?


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