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






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






3. Promote economic recovery in Europe.






4. Corporate offices






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






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






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






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






9. 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.






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






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






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






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






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






15. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






17. Committed her life to social reform - immigrant committee






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






19. Free trade between US - Canada - Mexico






20. Creators of Microsoft






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






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






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






24. Sears.






25. 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.






26. Most favored nation. Trade barriers raised.






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






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






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






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






31. Let the people do as they please






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






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






34. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






39. Most women were stalled at middle management levels.






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






42. Setting of prices by mangers of large firms.






43. Could only hire union workers. Illegal






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






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






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






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






48. Formalized business practices by standardized management practices.






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






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