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. 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.






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






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






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






5. Congress established a national banking system.






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






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






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






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






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






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






12. Corporate offices






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






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






15. 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.






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






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






18. Reduction in diversification. Reduction in layers of management.






19. Most favored nation. Trade barriers raised.






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






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






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






23. Most women were stalled at middle management levels.






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






25. Worlds largest provider of computer software for desktops.






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






27. Creators of Microsoft






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






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






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






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






32. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






37. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






40. Gold drain; exchange rates; free floating






41. Transportation. Airline Act. Rail Act. Motor Carrier Act.






42. Could only hire union workers. Illegal






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






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






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






46. 1929 stock market crashed






47. Let the people do as they please






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






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






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