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. Committed her life to social reform - immigrant committee






2. Reduction in diversification. Reduction in layers of management.






3. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






10. Free trade between US - Canada - Mexico






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






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






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






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






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






16. 1929 stock market crashed






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






18. Setting of prices by mangers of large firms.






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






20. Worlds largest provider of computer software for desktops.






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






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






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






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






25. Creators of Microsoft






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






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






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






29. Most women were stalled at middle management levels.






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






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






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






33. Corporate offices






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






35. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






36. Provided national advertising and mass production






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






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






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






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






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






42. Most favored nation. Trade barriers raised.






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






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






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






46. 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.






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






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






49. Let the people do as they please






50. 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.