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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. Few companies combines forces to control production of sale of a product.
Richard T. Ely
Disposable Income
Horizontal Integration
Franchisee
2. Formalized business practices by standardized management practices.
Managerial Revolution
Green Backs
Functional Departmentalization
Leveraged Buyout
3. Income people could do with as the pleased.
Union Shop
Functional Departmentalization
Disposable Income
Hepburn Act
4. Sec. of Treasury under lincoln. Father of national Banking system.
The Great Depression
Marketing
Salmon Chase
Bank Holidays
5. 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.
Herbert Hoover
Franchisee
Franchisor
Marketing
6. Started as a gun powder company - Rate of return.
Franklin Roosevelt
Vertical Integration
Leveraged Buyout
Du Pont
7. Business leaders sought to achieve cooperation among business - labor and government.
U.S Chamber of Commerce
Corporatism
New Individualism
Monetarism
8. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Disposable Income
Franklin Roosevelt
Horizontal Integration
Franchisee
9. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Civil Rights Act
Gilded Age
Keynes Economic Theory
Consumer Durables
10. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Leveraged Buyout
Conglomerates
Franchisee
Anti-trust Policy
11. Oil refining business. He was the first billionaire.
Associative State
Marketing
Oligopoly
John D. Rockafeller
12. Alliance among public agencies - private firms and trade associations to handle international competitions.
NAFTA
Industrial Policy
Hostile Takeover
Frederick Taylor
13. Committed her life to social reform - immigrant committee
Taft Hartley Act
Franchisor
Francis Kellor
Industrial Policy
14. A few firms dominate an industry. Price competition decreased.
Oligopoly
Disposable Income
Employment & Production Act
Civil Rights Act
15. Promote economic recovery in Europe.
Montgomery Ward
Marshall Plan
Military Industrial Complex
Franchisee
16. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Monetarism
Sears
Vertical Integration
17. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Currency
Deregulation
Herbert Hoover
Du Pont
18. Control all aspects of an industry from raw materials to retail.
Corporate Management
Decentralized Management
Vertical Integration
Hostile Takeover
19. American firms were poised to dominate economic activity in a system of free trade.
Glass Ceiling
Marketing
Progressivism
Economic Prosperity
20. Most women were stalled at middle management levels.
Glass Ceiling
Taft Hartley Act
Associative State
Consequences of Mergers
21. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Consumer Durables
Gilded Age
Monetarism
22. Employers can hire whoever they want. Both union and non union.
Ralph Nader
Vertical Integration
The Great Depression
Open Shop
23. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Marshall Plan
William Taft
Managerial Revolution
24. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Trade
Horizontal Integration
Progressivism
Richard T. Ely
25. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Conglomerates
Marketing
Du Pont
Hostile Takeover
26. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Franchisor
Consequences of Mergers
The Great Depression
Corporate Management
27. First college of business.
Hostile Takeover
University of PA
Sherman Anti-Trust Act
Conglomerates
28. President. Standard oil - american tobacco - us steel.
William Taft
Conglomerates
Corporation
Decentralized Management
29. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Sears
Consumer Durables
Consumerism
30. Dominated the retail industry by mail order only selling.
Marketing
Horizontal Integration
Military Industrial Complex
Sears
31. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Andrew Carnegie
Vertical Integration
Consequences of Mergers
32. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Trade
Bill Gates - Paul Allen
Sherman Anti-Trust Act
Andrew Carnegie
33. Worlds largest provider of computer software for desktops.
Conglomerates
Mircosoft
Henry Ford
Oligopoly
34. Corporate offices
Industrial Democracy
1913 Federal Reserve Board
Disposable Income
Decentralized Management
35. Use borrowed money to buy company. Sometimes used to take 'stock private'
Disposable Income
Leveraged Buyout
Deregulation
Herbert Hoover
36. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Corporation
Administrative pricing
NAFTA
Union Shop
37. Inflation continued in the absence of robust economic growth.
Salmon Chase
Stagflation
Keynes Economic Theory
Andrew Carnegie
38. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Bill Gates - Paul Allen
Most Favorited Nation
Business Bureaucracies
Hostile Takeover
39. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Open Shop
William Taft
Administrative pricing
New Individualism
40. Congress established a national banking system.
Populism
Trade
Civil War
Laissez Faire
41. Paper currency issued by the government to finance to civil war.
Andrew Carnegie
The Great Depression
Green Backs
Conglomerates
42. Could only hire union workers. Illegal
Herbert Hoover
Disposable Income
Closed Shop
Industrial Democracy
43. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Laissez Faire
Marketing
John D. Rockafeller
44. GM - Ford - and Chrysler dominated the market. GM=50% share
Military Industrial Complex 2
Marketing
William Taft
Booming American Automobile Industry
45. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
U.S Chamber of Commerce
Post-Industrial Economy
Mircosoft
William Taft
46. Gold drain; exchange rates; free floating
Consumer Durables
Currency
Salmon Chase
Franchisor
47. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Green Backs
Sherman Anti-Trust Act
Employment & Production Act
Mircosoft
48. Retailer - mail-order companies. Name brand products - advertising - catalogs.
U.S Chamber of Commerce
Mass Industry
Managerial Revolution
Henry Ford
49. Workers would enjoy the rights of association and the ability to influence wage levels.
Marketing
Military Industrial Complex
Industrial Democracy
Corporate Management
50. Burden of proof to raise rates was now the responsibility of the railroads.
Organization of Petroleum Exporting Countries
Bank Holidays
Mann-Elkins Act
The Great Depression