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Test your basic knowledge |
Management 101: Business History
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
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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. Few companies combines forces to control production of sale of a product.
NAFTA
Horizontal Integration
Henry Ford
Vertical Integration
2. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Andrew Carnegie
Post-Industrial Economy
Mass Industry
Welfare Capitalism
3. 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.
NAFTA
Frederick Taylor
Open Shop
Social Responsibility
4. Most favored nation. Trade barriers raised.
Union Shop
Booming American Automobile Industry
Gilded Age
Trade
5. Items purchased by consumers for use over more than a year or two.
Marshall Plan
Consumer Durables
Social Responsibility
Bank Holidays
6. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Taft Hartley Act
Civil Rights Act
Social Responsibility
Monetarism
7. Use of stock tender to offer to buy a company that did not want to sell.
1913 Federal Reserve Board
NAFTA
Hostile Takeover
Open Prices
8. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Administrative pricing
Populism
Hostile Takeover
9. 1929 stock market crashed
Herbert Hoover
Consumer Durables
Disposable Income
Monetarism
10. Use borrowed money to buy company. Sometimes used to take 'stock private'
Taft Hartley Act
Consequences of Mergers
Leveraged Buyout
New Individualism
11. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Horizontal Integration
Bank Holidays
Corporation
Taft Hartley Act
12. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Oligopoly
Leveraged Buyout
New Individualism
13. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Disposable Income
Business Bureaucracies
Bill Gates - Paul Allen
Glass Ceiling
14. Free trade between US - Canada - Mexico
NAFTA
Oligopoly
Glass Ceiling
Gilded Age
15. Setting of prices by mangers of large firms.
Trade
Glass Ceiling
U.S Chamber of Commerce
Administrative pricing
16. Inflation continued in the absence of robust economic growth.
Stagflation
Monetarism
Associative State
Du Pont
17. Panic of 1907 - 5 members - foreign transactions went through NY.
Francis Kellor
Trade
1913 Federal Reserve Board
Franchisor
18. President. Standard oil - american tobacco - us steel.
Leveraged Buyout
Consumer Durables
NAFTA
William Taft
19. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
New Individualism
Keynes Economic Theory
Corporatism
Frederick Taylor
20. Corporate offices
Disposable Income
Franchisee
Decentralized Management
Leveraged Buyout
21. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Andrew Carnegie
Mircosoft
Populism
Anti-trust Policy
22. Congress established a national banking system.
William Taft
Civil War
Organization of Petroleum Exporting Countries
Marketing
23. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Associative State
Hostile Takeover
Du Pont
Post-Industrial Economy
24. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Horizontal Integration
Sears
Corporate Management
25. Let the people do as they please
Laissez Faire
Stagflation
Marshall Plan
Organization of Petroleum Exporting Countries
26. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Sherman Anti-Trust Act
Marketing
Union Shop
Hostile Takeover
27. Paper currency issued by the government to finance to civil war.
1913 Federal Reserve Board
Green Backs
Gilded Age
Employment & Production Act
28. Sec. of Treasury under lincoln. Father of national Banking system.
Horizontal Integration
Salmon Chase
Green Backs
Glass Ceiling
29. Committed her life to social reform - immigrant committee
Sears
Laissez Faire
Francis Kellor
Marshall Plan
30. American firms were poised to dominate economic activity in a system of free trade.
John D. Rockafeller
Marshall Plan
Economic Prosperity
Conglomerates
31. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Consumer Durables
Populism
Hepburn Act
32. Reduction in diversification. Reduction in layers of management.
University of PA
Associative State
Consequences of Mergers
Franchisee
33. Employers can hire whoever they want. Both union and non union.
Functional Departmentalization
Open Shop
Consumer Durables
Currency
34. Most women were stalled at middle management levels.
Franchisee
Glass Ceiling
Taft Hartley Act
Conglomerates
35. Developed the assembly line. Anti Union. Model T.
Henry Ford
Ralph Nader
University of PA
The Great Depression
36. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Vertical Integration
Richard T. Ely
Open Shop
Francis Kellor
37. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Post-Industrial Economy
Franchisor
Social Responsibility
The Great Depression
38. A few firms dominate an industry. Price competition decreased.
Corporatism
Mass Industry
Decentralized Management
Oligopoly
39. Urged the gov't to control the money supply in order to control inflation.
Open Shop
Civil Rights Act
Monetarism
Post-Industrial Economy
40. Started as a gun powder company - Rate of return.
Vertical Integration
The Great Depression
Green Backs
Du Pont
41. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Conglomerates
Franchisee
New Individualism
Progressivism
42. Dominated the retail industry by mail order only selling.
Sears
Trade
Managerial Revolution
Mircosoft
43. GM - Ford - and Chrysler dominated the market. GM=50% share
1913 Federal Reserve Board
Booming American Automobile Industry
University of PA
Franchisor
44. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Leveraged Buyout
Business Bureaucracies
Bill Gates - Paul Allen
Franklin Roosevelt
45. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Corporation
Vertical Integration
Consumer Durables
Military Industrial Complex 2
46. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Anti-trust Policy
Conglomerates
Functional Departmentalization
Social Responsibility
47. 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.
Marketing
Marshall Plan
Sherman Anti-Trust Act
Vertical Integration
48. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
New Individualism
Franklin Roosevelt
Progressivism
Open Prices
49. Workers would enjoy the rights of association and the ability to influence wage levels.
Closed Shop
Salmon Chase
Industrial Democracy
Progressivism
50. Formalized business practices by standardized management practices.
Managerial Revolution
Corporation
Bill Gates - Paul Allen
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