SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Management 101: Business History
Start Test
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. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Military Industrial Complex
Ralph Nader
Booming American Automobile Industry
2. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Consumer Durables
Du Pont
Progressivism
Henry Ford
3. 1929 stock market crashed
Herbert Hoover
Conglomerates
Military Industrial Complex
Franchisor
4. Oil refining business. He was the first billionaire.
Mircosoft
Glass Ceiling
Sears
John D. Rockafeller
5. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Franklin Roosevelt
Employment & Production Act
Green Backs
6. First college of business.
Keynes Economic Theory
Union Shop
University of PA
Mircosoft
7. Business leaders sought to achieve cooperation among business - labor and government.
Closed Shop
Populism
Corporatism
Open Shop
8. Panic of 1907 - 5 members - foreign transactions went through NY.
U.S Chamber of Commerce
Du Pont
1913 Federal Reserve Board
Bank Holidays
9. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Conglomerates
Civil War
Industrial Democracy
Post-Industrial Economy
10. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Ralph Nader
Marketing
Military Industrial Complex
Mass Industry
11. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Bill Gates - Paul Allen
Civil Rights Act
The Great Depression
Open Shop
12. Few companies combines forces to control production of sale of a product.
University of PA
Horizontal Integration
Decentralized Management
Monetarism
13. Free trade between US - Canada - Mexico
Employment & Production Act
NAFTA
Salmon Chase
Business Bureaucracies
14. Promote economic recovery in Europe.
Open Prices
Marshall Plan
Francis Kellor
Mann-Elkins Act
15. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Open Prices
Business Bureaucracies
Mircosoft
16. Sought to break up the control of big business to create more opportunities.
Decentralized Management
Marketing
Industrial Democracy
Populism
17. Goal was to represent the interests of American business in general.
Herbert Hoover
Economic Prosperity
U.S Chamber of Commerce
Open Prices
18. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Mircosoft
Franchisor
Richard T. Ely
19. Paper currency issued by the government to finance to civil war.
Marshall Plan
Green Backs
Industrial Policy
Post-Industrial Economy
20. Let the people do as they please
Salmon Chase
Marshall Plan
Laissez Faire
Keynes Economic Theory
21. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Marshall Plan
Corporation
New Individualism
Post-Industrial Economy
22. Dominated the retail industry by mail order only selling.
Civil War
Sears
Managerial Revolution
Francis Kellor
23. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Conglomerates
Bank Holidays
William Taft
24. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Vertical Integration
Open Prices
Managerial Revolution
25. Employers can hire whoever they want. Both union and non union.
Franklin Roosevelt
Horizontal Integration
Open Shop
Business Bureaucracies
26. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Keynes Economic Theory
Trade
Military Industrial Complex 2
27. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Franchisor
Disposable Income
Union Shop
28. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Leveraged Buyout
Trade
Green Backs
29. Set of values that placed a higher priority on the use of good than on their production.
Leveraged Buyout
Trade
Consumerism
Decentralized Management
30. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Welfare Capitalism
Horizontal Integration
Progressivism
31. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Closed Shop
Employment & Production Act
Herbert Hoover
Richard T. Ely
32. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Horizontal Integration
Military Industrial Complex 2
Bank Holidays
Consequences of Mergers
33. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Open Shop
Business Bureaucracies
Civil Rights Act
Green Backs
34. Formalized business practices by standardized management practices.
Leveraged Buyout
Social Responsibility
Horizontal Integration
Managerial Revolution
35. Burden of proof to raise rates was now the responsibility of the railroads.
Consumer Durables
Stagflation
Frederick Taylor
Mann-Elkins Act
36. Use borrowed money to buy company. Sometimes used to take 'stock private'
Civil War
Leveraged Buyout
Post-Industrial Economy
Closed Shop
37. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Bill Gates - Paul Allen
Open Prices
Associative State
Booming American Automobile Industry
38. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Keynes Economic Theory
Union Shop
Laissez Faire
Managerial Revolution
39. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Progressivism
Marketing
Most Favorited Nation
Union Shop
40. Committed her life to social reform - immigrant committee
Leveraged Buyout
Francis Kellor
Marketing
Currency
41. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Social Responsibility
John D. Rockafeller
Bank Holidays
Functional Departmentalization
42. Workers would enjoy the rights of association and the ability to influence wage levels.
Populism
Industrial Democracy
Ralph Nader
Booming American Automobile Industry
43. Sears.
Gilded Age
Conglomerates
Montgomery Ward
Horizontal Integration
44. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Sherman Anti-Trust Act
Conglomerates
Mircosoft
45. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Business Bureaucracies
Stagflation
New Individualism
46. Income people could do with as the pleased.
Oligopoly
Managerial Revolution
Economic Prosperity
Disposable Income
47. Congress established a national banking system.
Anti-trust Policy
Civil War
Andrew Carnegie
Hostile Takeover
48. Gold drain; exchange rates; free floating
Most Favorited Nation
Currency
Mircosoft
Corporation
49. Setting of prices by mangers of large firms.
Administrative pricing
Franchisor
University of PA
Mircosoft
50. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Hostile Takeover
Industrial Democracy
Conglomerates
Employment & Production Act