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Test your basic knowledge |
Management 101: Business History
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Study First
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. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Post-Industrial Economy
Mass Industry
New Individualism
Closed Shop
2. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Populism
Sears
1913 Federal Reserve Board
3. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
NAFTA
Civil Rights Act
Civil War
Ralph Nader
4. Dominated the retail industry by mail order only selling.
William Taft
Sears
Organization of Petroleum Exporting Countries
Gilded Age
5. Provided national advertising and mass production
Vertical Integration
1913 Federal Reserve Board
Ralph Nader
Franchisor
6. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
1913 Federal Reserve Board
Industrial Democracy
Employment & Production Act
7. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Open Shop
Decentralized Management
Montgomery Ward
Franklin Roosevelt
8. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Mann-Elkins Act
Anti-trust Policy
Laissez Faire
9. Corporate offices
Keynes Economic Theory
Industrial Policy
Decentralized Management
Gilded Age
10. Set of values that placed a higher priority on the use of good than on their production.
Du Pont
Franchisor
Sherman Anti-Trust Act
Consumerism
11. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
U.S Chamber of Commerce
Currency
Herbert Hoover
12. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Bill Gates - Paul Allen
Military Industrial Complex 2
Monetarism
Progressivism
13. Alliance among public agencies - private firms and trade associations to handle international competitions.
Montgomery Ward
Industrial Policy
Associative State
1913 Federal Reserve Board
14. Let the people do as they please
Laissez Faire
U.S Chamber of Commerce
Industrial Democracy
Military Industrial Complex
15. 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.
Horizontal Integration
Progressivism
Ralph Nader
Frederick Taylor
16. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Corporation
New Individualism
Organization of Petroleum Exporting Countries
17. Worked divided by specific tasks. i.e. accounting - production - ect.
Corporatism
Horizontal Integration
Functional Departmentalization
Booming American Automobile Industry
18. Setting of prices by mangers of large firms.
Administrative pricing
Organization of Petroleum Exporting Countries
Currency
Marshall Plan
19. Most women were stalled at middle management levels.
Industrial Democracy
Green Backs
Military Industrial Complex
Glass Ceiling
20. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Ralph Nader
Military Industrial Complex 2
Organization of Petroleum Exporting Countries
Bill Gates - Paul Allen
21. Burden of proof to raise rates was now the responsibility of the railroads.
Hepburn Act
Most Favorited Nation
Mann-Elkins Act
Stagflation
22. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Franklin Roosevelt
Most Favorited Nation
Consequences of Mergers
Functional Departmentalization
23. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Leveraged Buyout
Henry Ford
Corporate Management
Deregulation
24. Worlds largest provider of computer software for desktops.
NAFTA
Marketing
Corporatism
Mircosoft
25. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Hostile Takeover
Industrial Democracy
Marshall Plan
26. Interstate Commerce Commission was strengthened. Regulated rates.
Marshall Plan
William Taft
Monetarism
Hepburn Act
27. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Populism
Keynes Economic Theory
New Individualism
Closed Shop
28. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Monetarism
Francis Kellor
Andrew Carnegie
29. Programs intended to stabilize the economy while maintaining individual autonomy.
Franklin Roosevelt
Progressivism
Corporation
Associative State
30. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Richard T. Ely
Welfare Capitalism
Mann-Elkins Act
31. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Marketing
Consumer Durables
Andrew Carnegie
Organization of Petroleum Exporting Countries
32. Business leaders sought to achieve cooperation among business - labor and government.
Closed Shop
Corporatism
Mircosoft
U.S Chamber of Commerce
33. Congress established a national banking system.
1913 Federal Reserve Board
Administrative pricing
Marshall Plan
Civil War
34. Paper currency issued by the government to finance to civil war.
Conglomerates
NAFTA
Marketing
Green Backs
35. President. Standard oil - american tobacco - us steel.
University of PA
Gilded Age
Stagflation
William Taft
36. Use of stock tender to offer to buy a company that did not want to sell.
Conglomerates
Hostile Takeover
Gilded Age
Horizontal Integration
37. Developed the assembly line. Anti Union. Model T.
Currency
John D. Rockafeller
Andrew Carnegie
Henry Ford
38. 1929 stock market crashed
Post-Industrial Economy
U.S Chamber of Commerce
Herbert Hoover
Laissez Faire
39. Panic of 1907 - 5 members - foreign transactions went through NY.
Managerial Revolution
John D. Rockafeller
Richard T. Ely
1913 Federal Reserve Board
40. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Franchisee
Frederick Taylor
Consumerism
41. GM - Ford - and Chrysler dominated the market. GM=50% share
Franchisee
Currency
U.S Chamber of Commerce
Booming American Automobile Industry
42. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Marketing
Gilded Age
Corporation
43. Gold drain; exchange rates; free floating
Currency
Post-Industrial Economy
Marketing
Glass Ceiling
44. Employers can hire whoever they want. Both union and non union.
Franklin Roosevelt
Organization of Petroleum Exporting Countries
Open Shop
William Taft
45. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
The Great Depression
Disposable Income
Open Shop
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.
Leveraged Buyout
Marketing
Anti-trust Policy
Employment & Production Act
47. Oil refining business. He was the first billionaire.
Consumer Durables
Hepburn Act
Green Backs
John D. Rockafeller
48. First college of business.
Francis Kellor
University of PA
Franchisor
Hepburn Act
49. Sought to break up the control of big business to create more opportunities.
Currency
Du Pont
Richard T. Ely
Populism
50. Defense department became a significant source for scientific and engineering. Led by private firms and university.
New Individualism
Green Backs
Civil War
Military Industrial Complex