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






2. Most women were stalled at middle management levels.






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






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






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






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






7. 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.






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






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






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






11. Income people could do with as the pleased.






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






13. Companies had the right to manage. Union leaders.






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






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






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






17. Interstate Commerce Commission was strengthened. Regulated rates.






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






19. Creators of Microsoft






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






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






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






23. 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.






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






25. Formalized business practices by standardized management practices.






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






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






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






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






30. Sears.






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






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






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






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






35. Free trade between US - Canada - Mexico






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






37. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






39. Promote economic recovery in Europe.






40. Gold drain; exchange rates; free floating






41. Setting of prices by mangers of large firms.






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






43. Let the people do as they please






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






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






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






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






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






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






50. Committed her life to social reform - immigrant committee