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






2. 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.






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






4. Most women were stalled at middle management levels.






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






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






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






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






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






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






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






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






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






14. Provided national advertising and mass production






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






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






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






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






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






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






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






22. Corporate offices






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






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






25. 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.






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






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






28. Could only hire union workers. Illegal






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






30. Formalized business practices by standardized management practices.






31. Committed her life to social reform - immigrant committee






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






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






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






35. Congress established a national banking system.






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






37. Sears.






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






39. 1929 stock market crashed






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






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






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






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






44. Let the people do as they please






45. Most favored nation. Trade barriers raised.






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






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






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






49. Transportation. Airline Act. Rail Act. Motor Carrier Act.






50. First college of business.