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






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






3. Gold drain; exchange rates; free floating






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






5. Free trade between US - Canada - Mexico






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






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






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






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






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






11. Formalized business practices by standardized management practices.






12. Most women were stalled at middle management levels.






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






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






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






16. Creators of Microsoft






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






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






19. Let the people do as they please






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






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






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






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






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






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






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






27. Most favored nation. Trade barriers raised.






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






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






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






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






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






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






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






37. Setting of prices by mangers of large firms.






38. Congress established a national banking system.






39. 1929 stock market crashed






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






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






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






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






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






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






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






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






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






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






50. Promote economic recovery in Europe.







Sorry!:) No result found.

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