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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. Oil refining business. He was the first billionaire.






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






3. Free trade between US - Canada - Mexico






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






5. Most favored nation. Trade barriers raised.






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






7. 1929 stock market crashed






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






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






10. Reduction in diversification. Reduction in layers of management.






11. Committed her life to social reform - immigrant committee






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






13. First college of business.






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






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






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






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






18. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






26. Let the people do as they please






27. Could only hire union workers. Illegal






28. Most women were stalled at middle management levels.






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






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






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






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






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






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






35. Creators of Microsoft






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






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






38. Gold drain; exchange rates; free floating






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






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






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






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






43. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






46. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.






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






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






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






50. Interstate Commerce Commission was strengthened. Regulated rates.







Sorry!:) No result found.

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