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






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






3. Most women were stalled at middle management levels.






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






5. Worlds largest provider of computer software for desktops.






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






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






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






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






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






11. 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.






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






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






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






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






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






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






18. Could only hire union workers. Illegal






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






20. Committed her life to social reform - immigrant committee






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






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






23. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






26. 1929 stock market crashed






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






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






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






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






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






32. Creators of Microsoft






33. Provided national advertising and mass production






34. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






40. Promote economic recovery in Europe.






41. Formalized business practices by standardized management practices.






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






43. Income people could do with as the pleased.






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






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






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






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






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






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






50. Congress established a national banking system.






Can you answer 50 questions in 15 minutes?



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