SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Management 101: Business History
Start Test
Study First
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. Oil refining business. He was the first billionaire.
Union Shop
Post-Industrial Economy
John D. Rockafeller
Herbert Hoover
2. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Social Responsibility
Stagflation
Richard T. Ely
Industrial Democracy
3. Started as a gun powder company - Rate of return.
Sears
Managerial Revolution
Du Pont
Franchisee
4. Provided national advertising and mass production
Franchisor
Open Prices
Sears
Disposable Income
5. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Welfare Capitalism
Francis Kellor
Andrew Carnegie
Business Bureaucracies
6. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marshall Plan
Gilded Age
Frederick Taylor
Marketing
7. Panic of 1907 - 5 members - foreign transactions went through NY.
Anti-trust Policy
1913 Federal Reserve Board
Franchisee
Social Responsibility
8. Promote economic recovery in Europe.
Franchisor
Post-Industrial Economy
Herbert Hoover
Marshall Plan
9. Inflation continued in the absence of robust economic growth.
Franchisor
Currency
Vertical Integration
Stagflation
10. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Business Bureaucracies
Deregulation
Gilded Age
Union Shop
11. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Most Favorited Nation
Functional Departmentalization
Bank Holidays
Mass Industry
12. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Herbert Hoover
Ralph Nader
Employment & Production Act
Mann-Elkins Act
13. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Stagflation
NAFTA
Booming American Automobile Industry
Social Responsibility
14. Most women were stalled at middle management levels.
Bill Gates - Paul Allen
Industrial Democracy
Consumerism
Glass Ceiling
15. Developed the assembly line. Anti Union. Model T.
Consumer Durables
Henry Ford
John D. Rockafeller
Leveraged Buyout
16. Income people could do with as the pleased.
Mass Industry
Functional Departmentalization
Consumerism
Disposable Income
17. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Mass Industry
Bill Gates - Paul Allen
Military Industrial Complex
Deregulation
18. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Military Industrial Complex
Post-Industrial Economy
Open Shop
New Individualism
19. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Deregulation
John D. Rockafeller
Bill Gates - Paul Allen
20. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
John D. Rockafeller
Trade
Franklin Roosevelt
Henry Ford
21. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Economic Prosperity
Decentralized Management
Du Pont
22. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Administrative pricing
Horizontal Integration
Social Responsibility
Franchisee
23. Employers can hire whoever they want. Both union and non union.
Richard T. Ely
Currency
Open Shop
William Taft
24. Setting of prices by mangers of large firms.
Administrative pricing
Taft Hartley Act
Bill Gates - Paul Allen
Vertical Integration
25. Corporate offices
The Great Depression
Henry Ford
Taft Hartley Act
Decentralized Management
26. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
NAFTA
Corporation
Open Shop
Open Prices
27. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Salmon Chase
Currency
Deregulation
28. Business - not independent trade unions should look after the best interest of the workers.
Vertical Integration
Open Shop
Welfare Capitalism
John D. Rockafeller
29. 1929 stock market crashed
Hepburn Act
Horizontal Integration
Herbert Hoover
Henry Ford
30. Workers would enjoy the rights of association and the ability to influence wage levels.
Consequences of Mergers
Glass Ceiling
Henry Ford
Industrial Democracy
31. Congress established a national banking system.
Trade
Marshall Plan
Civil War
Hepburn Act
32. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Industrial Policy
Business Bureaucracies
Sears
Marketing
33. First college of business.
University of PA
Civil Rights Act
Herbert Hoover
Gilded Age
34. Urged the gov't to control the money supply in order to control inflation.
Sherman Anti-Trust Act
Civil War
Monetarism
Open Prices
35. Worked divided by specific tasks. i.e. accounting - production - ect.
Hepburn Act
Employment & Production Act
Horizontal Integration
Functional Departmentalization
36. Programs intended to stabilize the economy while maintaining individual autonomy.
Anti-trust Policy
Associative State
Hostile Takeover
Montgomery Ward
37. Paper currency issued by the government to finance to civil war.
Green Backs
Richard T. Ely
Gilded Age
Herbert Hoover
38. Most favored nation. Trade barriers raised.
Business Bureaucracies
Monetarism
Trade
Corporatism
39. Control all aspects of an industry from raw materials to retail.
John D. Rockafeller
Vertical Integration
Progressivism
Taft Hartley Act
40. Items purchased by consumers for use over more than a year or two.
Progressivism
Consequences of Mergers
William Taft
Consumer Durables
41. Few companies combines forces to control production of sale of a product.
Oligopoly
Horizontal Integration
Marketing
Sherman Anti-Trust Act
42. Let the people do as they please
Du Pont
Franchisee
Laissez Faire
Horizontal Integration
43. Goal was to represent the interests of American business in general.
Booming American Automobile Industry
Managerial Revolution
Business Bureaucracies
U.S Chamber of Commerce
44. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Herbert Hoover
Decentralized Management
Frederick Taylor
Deregulation
45. Reduction in diversification. Reduction in layers of management.
Currency
Montgomery Ward
Consequences of Mergers
Post-Industrial Economy
46. Sought to break up the control of big business to create more opportunities.
NAFTA
Henry Ford
Military Industrial Complex 2
Populism
47. A few firms dominate an industry. Price competition decreased.
Most Favorited Nation
Oligopoly
Du Pont
Union Shop
48. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Organization of Petroleum Exporting Countries
Booming American Automobile Industry
Conglomerates
Anti-trust Policy
49. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Corporate Management
Most Favorited Nation
Industrial Policy
Monetarism
50. Sears.
Montgomery Ward
Sears
Bank Holidays
Organization of Petroleum Exporting Countries
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests