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






2. Sears.






3. Transportation. Airline Act. Rail Act. Motor Carrier Act.






4. 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.






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






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






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






8. Gold drain; exchange rates; free floating






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






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






11. Worlds largest provider of computer software for desktops.






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






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






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






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






16. Let the people do as they please






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






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






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






20. Corporate offices






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






22. Free trade between US - Canada - Mexico






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






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






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






26. Could only hire union workers. Illegal






27. Formalized business practices by standardized management practices.






28. Income people could do with as the pleased.






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






30. Most favored nation. Trade barriers raised.






31. Promote economic recovery in Europe.






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






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






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






35. Burden of proof to raise rates was now the responsibility of the railroads.






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






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






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






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






40. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






41. Provided national advertising and mass production






42. Creators of Microsoft






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






44. 1929 stock market crashed






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






46. Committed her life to social reform - immigrant committee






47. 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.






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






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






50. Paper currency issued by the government to finance to civil war.






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