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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. 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.
Civil Rights Act
Mass Industry
Marketing
Progressivism
2. Provided national advertising and mass production
Corporatism
Francis Kellor
Franchisor
Administrative pricing
3. First college of business.
Populism
Herbert Hoover
1913 Federal Reserve Board
University of PA
4. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Military Industrial Complex 2
Mass Industry
Booming American Automobile Industry
Open Shop
5. Paper currency issued by the government to finance to civil war.
Vertical Integration
Glass Ceiling
Green Backs
Deregulation
6. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Hostile Takeover
Open Shop
Glass Ceiling
7. President. Standard oil - american tobacco - us steel.
William Taft
Ralph Nader
Hepburn Act
University of PA
8. Employers can hire whoever they want. Both union and non union.
Trade
Marshall Plan
Open Shop
Disposable Income
9. Started as a gun powder company - Rate of return.
Consumerism
Booming American Automobile Industry
Gilded Age
Du Pont
10. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
New Individualism
Sherman Anti-Trust Act
Corporatism
Consumer Durables
11. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Sherman Anti-Trust Act
Managerial Revolution
Gilded Age
Associative State
12. Income people could do with as the pleased.
Economic Prosperity
Du Pont
Disposable Income
Functional Departmentalization
13. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Managerial Revolution
Green Backs
Post-Industrial Economy
Horizontal Integration
14. Gold drain; exchange rates; free floating
Most Favorited Nation
Sears
Currency
Keynes Economic Theory
15. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Mann-Elkins Act
Consequences of Mergers
Civil Rights Act
1913 Federal Reserve Board
16. Business - not independent trade unions should look after the best interest of the workers.
Horizontal Integration
Employment & Production Act
Welfare Capitalism
John D. Rockafeller
17. Set of values that placed a higher priority on the use of good than on their production.
Franchisee
Progressivism
Consumerism
Green Backs
18. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Green Backs
Mass Industry
Union Shop
Military Industrial Complex
19. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Union Shop
Progressivism
Open Shop
20. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Trade
Sears
Conglomerates
21. 1929 stock market crashed
Herbert Hoover
Bank Holidays
Marshall Plan
Corporate Management
22. Most women were stalled at middle management levels.
Administrative pricing
Glass Ceiling
Hepburn Act
Oligopoly
23. Control all aspects of an industry from raw materials to retail.
Social Responsibility
Marketing
Booming American Automobile Industry
Vertical Integration
24. Committed her life to social reform - immigrant committee
Francis Kellor
Anti-trust Policy
Employment & Production Act
Civil War
25. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
University of PA
Sherman Anti-Trust Act
Marketing
Glass Ceiling
26. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Associative State
Deregulation
Currency
New Individualism
27. Sears.
Montgomery Ward
Bill Gates - Paul Allen
University of PA
Corporate Management
28. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Union Shop
Open Shop
Consequences of Mergers
29. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Herbert Hoover
Richard T. Ely
Frederick Taylor
30. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Anti-trust Policy
Deregulation
William Taft
31. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Progressivism
Henry Ford
Trade
Military Industrial Complex 2
32. Panic of 1907 - 5 members - foreign transactions went through NY.
Hostile Takeover
1913 Federal Reserve Board
Administrative pricing
Consumerism
33. Formalized business practices by standardized management practices.
Disposable Income
Military Industrial Complex 2
Salmon Chase
Managerial Revolution
34. Let the people do as they please
Du Pont
Richard T. Ely
Administrative pricing
Laissez Faire
35. A few firms dominate an industry. Price competition decreased.
U.S Chamber of Commerce
Franklin Roosevelt
Most Favorited Nation
Oligopoly
36. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Industrial Policy
Corporate Management
John D. Rockafeller
Post-Industrial Economy
37. GM - Ford - and Chrysler dominated the market. GM=50% share
Industrial Policy
Economic Prosperity
Booming American Automobile Industry
Vertical Integration
38. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Sherman Anti-Trust Act
Corporatism
Military Industrial Complex
Organization of Petroleum Exporting Countries
39. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
1913 Federal Reserve Board
Corporate Management
Sherman Anti-Trust Act
Social Responsibility
40. Items purchased by consumers for use over more than a year or two.
Frederick Taylor
Consumer Durables
Booming American Automobile Industry
NAFTA
41. Sought to break up the control of big business to create more opportunities.
Henry Ford
Populism
Bank Holidays
Deregulation
42. Setting of prices by mangers of large firms.
Corporation
Administrative pricing
Populism
New Individualism
43. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
NAFTA
1913 Federal Reserve Board
Hepburn Act
44. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Marketing
Trade
Populism
45. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Stagflation
Richard T. Ely
Franchisee
Military Industrial Complex 2
46. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Open Prices
Open Shop
Social Responsibility
47. 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.
Frederick Taylor
John D. Rockafeller
Military Industrial Complex 2
Herbert Hoover
48. Free trade between US - Canada - Mexico
Mircosoft
Union Shop
Salmon Chase
NAFTA
49. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Anti-trust Policy
Administrative pricing
The Great Depression
Social Responsibility
50. Goal was to represent the interests of American business in general.
Franchisor
U.S Chamber of Commerce
Taft Hartley Act
Frederick Taylor