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. Setting of prices by mangers of large firms.






2. 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.






3. Income people could do with as the pleased.






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






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






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






7. Corporate offices






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






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






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






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






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






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






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






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






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






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






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






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






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






21. Congress established a national banking system.






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






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






24. Reduction in diversification. Reduction in layers of management.






25. Committed her life to social reform - immigrant committee






26. Interstate Commerce Commission was strengthened. Regulated rates.






27. Sears.






28. Most women were stalled at middle management levels.






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






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






31. First college of business.






32. 1929 stock market crashed






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






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






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






36. Creators of Microsoft






37. Most favored nation. Trade barriers raised.






38. Formalized business practices by standardized management practices.






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






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






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






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






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






44. Provided national advertising and mass production






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






46. Promote economic recovery in Europe.






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






48. Free trade between US - Canada - Mexico






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






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