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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. Income people could do with as the pleased.






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






3. Sears.






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






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






6. Worlds largest provider of computer software for desktops.






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






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






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






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






11. Creators of Microsoft






12. Gold drain; exchange rates; free floating






13. 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.






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






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






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






17. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






23. Congress established a national banking system.






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






25. Most favored nation. Trade barriers raised.






26. Setting of prices by mangers of large firms.






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






28. Management could hire whomever they wanted but after a period of time. All workers had to join the union.






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






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






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






32. Could only hire union workers. Illegal






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






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






35. Free trade between US - Canada - Mexico






36. Reduction in diversification. Reduction in layers of management.






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






38. Formalized business practices by standardized management practices.






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






40. Corporate offices






41. Promote economic recovery in Europe.






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






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






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






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






46. 1929 stock market crashed






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






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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