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. Free trade between US - Canada - Mexico






2. Transportation. Airline Act. Rail Act. Motor Carrier Act.






3. Formalized business practices by standardized management practices.






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






5. Interstate Commerce Commission was strengthened. Regulated rates.






6. Provided national advertising and mass production






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






8. Congress established a national banking system.






9. Committed her life to social reform - immigrant committee






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






11. Promote economic recovery in Europe.






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






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






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






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






16. Setting of prices by mangers of large firms.






17. Corporate offices






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






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






20. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






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






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






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






31. Most favored nation. Trade barriers raised.






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






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






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






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






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






37. Gold drain; exchange rates; free floating






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






39. Sears.






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






41. Creators of Microsoft






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






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






44. First college of business.






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






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






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






48. 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.






49. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.






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







Sorry!:) No result found.

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