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






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






3. Committed her life to social reform - immigrant committee






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






5. Income people could do with as the pleased.






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






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






8. Free trade between US - Canada - Mexico






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






10. Could only hire union workers. Illegal






11. Formalized business practices by standardized management practices.






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






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






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






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






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






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






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






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






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






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






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






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






24. Creators of Microsoft






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






26. 1929 stock market crashed






27. Congress established a national banking system.






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






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






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






31. Interstate Commerce Commission was strengthened. Regulated rates.






32. 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.






33. Most women were stalled at middle management levels.






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






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






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






37. Worlds largest provider of computer software for desktops.






38. First college of business.






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






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






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






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






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






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






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






46. 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.






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






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






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






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