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






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






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






5. Congress established a national banking system.






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






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






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






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






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






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






12. Reduction in diversification. Reduction in layers of management.






13. Free trade between US - Canada - Mexico






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






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






16. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






20. Corporate offices






21. Committed her life to social reform - immigrant committee






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






23. First college of business.






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






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






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






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






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






29. Sears.






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






31. Most women were stalled at middle management levels.






32. Promote economic recovery in Europe.






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






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






35. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






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






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






45. Setting of prices by mangers of large firms.






46. Let the people do as they please






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






48. Creators of Microsoft






49. 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.






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