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






2. Corporate offices






3. Panic of 1907 - 5 members - foreign transactions went through NY.






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






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






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






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






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






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






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






11. Promote economic recovery in Europe.






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






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






14. 1929 stock market crashed






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






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






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






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






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






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






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






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






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






24. Income people could do with as the pleased.






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






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






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






28. 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.






29. Provided national advertising and mass production






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






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






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






33. Reduction in diversification. Reduction in layers of management.






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






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






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






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






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






39. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






43. Most women were stalled at middle management levels.






44. Let the people do as they please






45. First college of business.






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






47. Setting of prices by mangers of large firms.






48. Gold drain; exchange rates; free floating






49. Sears.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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