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






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






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






4. Sears.






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






6. Worlds largest provider of computer software for desktops.






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






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






9. Free trade between US - Canada - Mexico






10. Gold drain; exchange rates; free floating






11. Provided national advertising and mass production






12. Most women were stalled at middle management levels.






13. 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.






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






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






16. Creators of Microsoft






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






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






19. 1929 stock market crashed






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






21. Transportation. Airline Act. Rail Act. Motor Carrier Act.






22. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






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






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






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






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






32. Formalized business practices by standardized management practices.






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






34. 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.






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






36. Most favored nation. Trade barriers raised.






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






38. Congress established a national banking system.






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






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






41. Corporate offices






42. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.






43. Let the people do as they please






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






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






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






47. Could only hire union workers. Illegal






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






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






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







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