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. Reduction in diversification. Reduction in layers of management.






2. Creators of Microsoft






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






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






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






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






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






8. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






15. Congress established a national banking system.






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






17. Let the people do as they please






18. 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.






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






20. Most women were stalled at middle management levels.






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






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






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






24. Promote economic recovery in Europe.






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






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






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






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






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






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






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






32. American firms were poised to dominate economic activity in a system of free trade.






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






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






35. Most favored nation. Trade barriers raised.






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






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






38. Could only hire union workers. Illegal






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






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






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






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






43. Corporate offices






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






45. First college of business.






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






47. Committed her life to social reform - immigrant committee






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






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






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