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






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






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






4. Formalized business practices by standardized management practices.






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






6. Provided national advertising and mass production






7. 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.






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






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






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






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






12. 1929 stock market crashed






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






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






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






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






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






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






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






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






21. Congress established a national banking system.






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






23. Most women were stalled at middle management levels.






24. Worlds largest provider of computer software for desktops.






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






26. First college of business.






27. Setting of prices by mangers of large firms.






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






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






30. Corporate offices






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






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






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






34. Could only hire union workers. Illegal






35. 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.






36. Committed her life to social reform - immigrant committee






37. Gold drain; exchange rates; free floating






38. Income people could do with as the pleased.






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






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






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






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






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






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






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






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






47. Let the people do as they please






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






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






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







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Can you answer 50 questions in 15 minutes?


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