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






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






3. Most women were stalled at middle management levels.






4. Promote economic recovery in Europe.






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






6. Income people could do with as the pleased.






7. Formalized business practices by standardized management practices.






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






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






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






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






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






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






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






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






16. Corporate offices






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






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






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






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






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






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






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






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






25. Gold drain; exchange rates; free floating






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






27. First college of business.






28. 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.






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






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






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






32. Setting of prices by mangers of large firms.






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






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






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






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






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






38. Sears.






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






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






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






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






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






44. 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.






45. Free trade between US - Canada - Mexico






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






47. Most favored nation. Trade barriers raised.






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






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






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