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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. Could only hire union workers. Illegal






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






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






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






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






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






7. Most favored nation. Trade barriers raised.






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






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






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






11. Congress established a national banking system.






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






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






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






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






16. Creators of Microsoft






17. 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.






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






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






20. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






23. Income people could do with as the pleased.






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






25. 1929 stock market crashed






26. Worlds largest provider of computer software for desktops.






27. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






28. Free trade between US - Canada - Mexico






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






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






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






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






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






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






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






36. Gold drain; exchange rates; free floating






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






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






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






40. Corporate offices






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






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






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






44. Setting of prices by mangers of large firms.






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






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






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






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






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






50. Most women were stalled at middle management levels.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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