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






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






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






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






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






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






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






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






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






10. Formalized business practices by standardized management practices.






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






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






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






14. Free trade between US - Canada - Mexico






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






16. 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.






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






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






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






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






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






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






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






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






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






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






27. Most women were stalled at middle management levels.






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






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






30. 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.






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






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






33. Let the people do as they please






34. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






35. Transportation. Airline Act. Rail Act. Motor Carrier Act.






36. Provided national advertising and mass production






37. Setting of prices by mangers of large firms.






38. First college of business.






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






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






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






42. Most favored nation. Trade barriers raised.






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






44. Congress established a national banking system.






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






46. Corporate offices






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






48. Could only hire union workers. Illegal






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






50. 1929 stock market crashed







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