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






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






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






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






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






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






7. Formalized business practices by standardized management practices.






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






9. Sears.






10. 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.






11. Reduction in diversification. Reduction in layers of management.






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






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






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






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






16. Provided national advertising and mass production






17. Most women were stalled at middle management levels.






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






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






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






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






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






23. Creators of Microsoft






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






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






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






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






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






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






30. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






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






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






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






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






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






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






40. Worlds largest provider of computer software for desktops.






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






42. Setting of prices by mangers of large firms.






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






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






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






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






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






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






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






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






Can you answer 50 questions in 15 minutes?



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