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






3. Let the people do as they please






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






5. Provided national advertising and mass production






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






7. Sears.






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






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






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






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






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






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






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






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






16. Creators of Microsoft






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






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






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






20. 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.






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






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






23. First college of business.






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






25. 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.






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






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






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






29. Free trade between US - Canada - Mexico






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






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






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






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






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






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






36. Corporate offices






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






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






39. Congress established a national banking system.






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






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






42. Most favored nation. Trade barriers raised.






43. Promote economic recovery in Europe.






44. Reduction in diversification. Reduction in layers of management.






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






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






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






48. Most women were stalled at middle management levels.






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






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







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