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






2. 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.






3. Income people could do with as the pleased.






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






5. Sears.






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






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






8. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






12. 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.






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






14. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






16. First college of business.






17. Provided national advertising and mass production






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






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






20. Formalized business practices by standardized management practices.






21. Creators of Microsoft






22. Interstate Commerce Commission was strengthened. Regulated rates.






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






24. Congress established a national banking system.






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






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






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






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






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






30. Most favored nation. Trade barriers raised.






31. Let the people do as they please






32. Started as a gun powder company - Rate of return.






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






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






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






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






37. Committed her life to social reform - immigrant committee






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






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






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






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






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






43. Could only hire union workers. Illegal






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






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






46. Corporate offices






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






48. 1929 stock market crashed






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






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