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. Committed her life to social reform - immigrant committee






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






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






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






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






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






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






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






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






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






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






12. Formalized business practices by standardized management practices.






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






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






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






16. Setting of prices by mangers of large firms.






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






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






19. Could only hire union workers. Illegal






20. Income people could do with as the pleased.






21. 1929 stock market crashed






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






23. Worlds largest provider of computer software for desktops.






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






25. Corporate offices






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






27. Reduction in diversification. Reduction in layers of management.






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






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






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






31. Let the people do as they please






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






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






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






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






36. Provided national advertising and mass production






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






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






39. First college of business.






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






41. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






43. 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.






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






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






46. Promote economic recovery in Europe.






47. Most women were stalled at middle management levels.






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






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






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