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. Companies had the right to manage. Union leaders.






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






3. Let the people do as they please






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






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






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






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






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






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






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






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






12. Formalized business practices by standardized management practices.






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






14. 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.






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






16. Most favored nation. Trade barriers raised.






17. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






20. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






26. Creators of Microsoft






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






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






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






30. Congress established a national banking system.






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






32. Worlds largest provider of computer software for desktops.






33. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.






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






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






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






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






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






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






40. Could only hire union workers. Illegal






41. Most women were stalled at middle management levels.






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






43. Promote economic recovery in Europe.






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






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






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






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






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






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






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