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. Setting of prices by mangers of large firms.






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






3. Congress established a national banking system.






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






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






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






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






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






9. Transportation. Airline Act. Rail Act. Motor Carrier Act.






10. Formalized business practices by standardized management practices.






11. Items purchased by consumers for use over more than a year or two.






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






13. Worlds largest provider of computer software for desktops.






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






15. Inflation continued in the absence of robust economic growth.






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






17. Corporate offices






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






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






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






21. Could only hire union workers. Illegal






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






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






24. 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.






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






26. Most women were stalled at middle management levels.






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






28. Committed her life to social reform - immigrant committee






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






30. Promote economic recovery in Europe.






31. Creators of Microsoft






32. Sears.






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






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






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






36. Let the people do as they please






37. Interstate Commerce Commission was strengthened. Regulated rates.






38. Provided national advertising and mass production






39. Income people could do with as the pleased.






40. 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.






41. Most favored nation. Trade barriers raised.






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






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






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






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






46. Free trade between US - Canada - Mexico






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






48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests