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






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






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






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






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






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






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






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






9. Gold drain; exchange rates; free floating






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






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






12. 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.






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






14. Most women were stalled at middle management levels.






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






16. Free trade between US - Canada - Mexico






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






18. Creators of Microsoft






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






20. Interstate Commerce Commission was strengthened. Regulated rates.






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






22. Setting of prices by mangers of large firms.






23. Sears.






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






25. 1929 stock market crashed






26. Formalized business practices by standardized management practices.






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






28. First college of business.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






46. Reduction in diversification. Reduction in layers of management.






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






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






49. Income people could do with as the pleased.






50. 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.






Can you answer 50 questions in 15 minutes?



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