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






2. First college of business.






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






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






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






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






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






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






9. Most favored nation. Trade barriers raised.






10. 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.






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






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






13. Worlds largest provider of computer software for desktops.






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






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






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






17. Promote economic recovery in Europe.






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






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






20. Income people could do with as the pleased.






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






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






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






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






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






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






27. Gold drain; exchange rates; free floating






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






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






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






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






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






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






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






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






39. Most women were stalled at middle management levels.






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






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






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






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






44. Transportation. Airline Act. Rail Act. Motor Carrier Act.






45. Corporate offices






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






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






48. Could only hire union workers. Illegal






49. Sears.






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