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






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






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






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






5. Reduction in diversification. Reduction in layers of management.






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






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






8. 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.






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






10. Interstate Commerce Commission was strengthened. Regulated rates.






11. Setting of prices by mangers of large firms.






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






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






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






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






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






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






18. Income people could do with as the pleased.






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






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






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






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






23. Provided national advertising and mass production






24. First college of business.






25. Worlds largest provider of computer software for desktops.






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. Creators of Microsoft






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






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






31. Most women were stalled at middle management levels.






32. Corporate offices






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






34. Formalized business practices by standardized management practices.






35. Committed her life to social reform - immigrant committee






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






37. Most favored nation. Trade barriers raised.






38. Congress established a national banking system.






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






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






41. Gold drain; exchange rates; free floating






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






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






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






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






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






47. Sears.






48. Let the people do as they please






49. Promote economic recovery in Europe.






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







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Can you answer 50 questions in 15 minutes?


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