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






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






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






4. Sears.






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






6. Reduction in diversification. Reduction in layers of management.






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






8. 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.






9. Promote economic recovery in Europe.






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






11. Income people could do with as the pleased.






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






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






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






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






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






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






18. First college of business.






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






20. 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.






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






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






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






24. Most favored nation. Trade barriers raised.






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






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






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






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






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






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






31. Creators of Microsoft






32. Committed her life to social reform - immigrant committee






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






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






35. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






36. Free trade between US - Canada - Mexico






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






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






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






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






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






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






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






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






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






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






47. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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







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

Browse all subjects

Browse all tests

Most popular tests