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






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






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






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






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






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






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






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






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






10. Committed her life to social reform - immigrant committee






11. Provided national advertising and mass production






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






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






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






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






16. Congress established a national banking system.






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






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






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






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






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






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






23. Income people could do with as the pleased.






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






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






26. 1929 stock market crashed






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






28. Most women were stalled at middle management levels.






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






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






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






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






33. Corporate offices






34. 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.






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






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






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






38. Worlds largest provider of computer software for desktops.






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






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






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






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






43. Formalized business practices by standardized management practices.






44. Reduction in diversification. Reduction in layers of management.






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






46. Let the people do as they please






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






48. Promote economic recovery in Europe.






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






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