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






2. Committed her life to social reform - immigrant committee






3. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






9. Congress established a national banking system.






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






11. Setting of prices by mangers of large firms.






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






13. 1929 stock market crashed






14. Income people could do with as the pleased.






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






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






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






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






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






20. First college of business.






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






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






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






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






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






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






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






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






29. Worlds largest provider of computer software for desktops.






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






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






32. Provided national advertising and mass production






33. Sears.






34. Formalized business practices by standardized management practices.






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






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






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






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






39. 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.






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






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






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






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






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






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






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






47. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






50. Could only hire union workers. Illegal