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. Corporate offices






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






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






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






5. 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.






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






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






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






9. Formalized business practices by standardized management practices.






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






11. Gold drain; exchange rates; free floating






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






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






14. Committed her life to social reform - immigrant committee






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






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






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






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






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






20. Income people could do with as the pleased.






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






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






23. 1929 stock market crashed






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






25. Congress established a national banking system.






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






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






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






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






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






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






32. Setting of prices by mangers of large firms.






33. Worlds largest provider of computer software for desktops.






34. Could only hire union workers. Illegal






35. 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.






36. Sears.






37. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






39. Let the people do as they please






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






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






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






43. Creators of Microsoft






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






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






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






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






48. First college of business.






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






50. Promote economic recovery in Europe.