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






2. Reduction in diversification. Reduction in layers of management.






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






4. Provided national advertising and mass production






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






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






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






8. Most women were stalled at middle management levels.






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






10. Income people could do with as the pleased.






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






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






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






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






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






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






17. Let the people do as they please






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






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






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






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






22. Gold drain; exchange rates; free floating






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






24. 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.






25. Formalized business practices by standardized management practices.






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






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






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






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






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






31. Sears.






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






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






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






35. Creators of Microsoft






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






37. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






40. Congress established a national banking system.






41. Worlds largest provider of computer software for desktops.






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






43. First college of business.






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






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






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






47. 1929 stock market crashed






48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






50. Could only hire union workers. Illegal