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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
.
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. Urged the gov't to control the money supply in order to control inflation.
University of PA
Monetarism
Frederick Taylor
Marketing
2. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Populism
Green Backs
Anti-trust Policy
New Individualism
3. Goal was to represent the interests of American business in general.
Herbert Hoover
U.S Chamber of Commerce
1913 Federal Reserve Board
Sherman Anti-Trust Act
4. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Corporatism
Most Favorited Nation
Corporation
William Taft
5. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Mass Industry
Economic Prosperity
Consumerism
Military Industrial Complex
6. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Organization of Petroleum Exporting Countries
Consumerism
Franchisee
Marketing
7. Sought to break up the control of big business to create more opportunities.
Social Responsibility
Taft Hartley Act
NAFTA
Populism
8. Gold drain; exchange rates; free floating
U.S Chamber of Commerce
Currency
Managerial Revolution
Consequences of Mergers
9. Provided national advertising and mass production
Franchisor
Economic Prosperity
Consumerism
Consumer Durables
10. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Disposable Income
Keynes Economic Theory
Business Bureaucracies
Sherman Anti-Trust Act
11. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Richard T. Ely
Bank Holidays
Trade
12. GM - Ford - and Chrysler dominated the market. GM=50% share
Andrew Carnegie
Bank Holidays
William Taft
Booming American Automobile Industry
13. Promote economic recovery in Europe.
Marshall Plan
Most Favorited Nation
1913 Federal Reserve Board
Industrial Democracy
14. Developed the assembly line. Anti Union. Model T.
Trade
Mircosoft
Managerial Revolution
Henry Ford
15. 1929 stock market crashed
Administrative pricing
Herbert Hoover
Richard T. Ely
Consumer Durables
16. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Sherman Anti-Trust Act
Henry Ford
Administrative pricing
17. Business leaders sought to achieve cooperation among business - labor and government.
Civil War
Associative State
Open Prices
Corporatism
18. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Taft Hartley Act
Bill Gates - Paul Allen
Ralph Nader
Franchisee
19. Use of stock tender to offer to buy a company that did not want to sell.
Gilded Age
Functional Departmentalization
Hostile Takeover
Laissez Faire
20. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Closed Shop
Franchisor
Frederick Taylor
21. Sec. of Treasury under lincoln. Father of national Banking system.
Open Shop
Anti-trust Policy
Economic Prosperity
Salmon Chase
22. Income people could do with as the pleased.
Progressivism
Disposable Income
Union Shop
New Individualism
23. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Du Pont
The Great Depression
Civil Rights Act
Post-Industrial Economy
24. Congress established a national banking system.
Keynes Economic Theory
Administrative pricing
Civil War
Franchisee
25. 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.
Business Bureaucracies
Bank Holidays
U.S Chamber of Commerce
Marketing
26. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Monetarism
Franchisor
Social Responsibility
Union Shop
27. Inflation continued in the absence of robust economic growth.
Stagflation
Anti-trust Policy
Hostile Takeover
Green Backs
28. American firms were poised to dominate economic activity in a system of free trade.
Conglomerates
Hostile Takeover
Administrative pricing
Economic Prosperity
29. Few companies combines forces to control production of sale of a product.
Bank Holidays
Union Shop
New Individualism
Horizontal Integration
30. First college of business.
Disposable Income
University of PA
Laissez Faire
New Individualism
31. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Administrative pricing
Progressivism
Decentralized Management
Andrew Carnegie
32. Creators of Microsoft
Frederick Taylor
Bill Gates - Paul Allen
Conglomerates
Marketing
33. Formalized business practices by standardized management practices.
Franchisor
Sears
Managerial Revolution
Bill Gates - Paul Allen
34. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Hostile Takeover
Administrative pricing
Corporate Management
35. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Salmon Chase
Currency
Andrew Carnegie
36. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
William Taft
Franklin Roosevelt
Social Responsibility
Associative State
37. Panic of 1907 - 5 members - foreign transactions went through NY.
Bank Holidays
1913 Federal Reserve Board
Industrial Policy
William Taft
38. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Sears
The Great Depression
Anti-trust Policy
39. Sears.
Horizontal Integration
Montgomery Ward
Franchisor
Glass Ceiling
40. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
John D. Rockafeller
Economic Prosperity
Francis Kellor
41. Burden of proof to raise rates was now the responsibility of the railroads.
Hostile Takeover
Mann-Elkins Act
Decentralized Management
Closed Shop
42. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Mann-Elkins Act
Hostile Takeover
Marketing
Horizontal Integration
43. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Hepburn Act
Salmon Chase
Taft Hartley Act
44. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Green Backs
Frederick Taylor
Civil Rights Act
45. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Consumerism
Business Bureaucracies
Most Favorited Nation
46. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Deregulation
Mircosoft
New Individualism
Business Bureaucracies
47. President. Standard oil - american tobacco - us steel.
William Taft
Marketing
Deregulation
Union Shop
48. Business - not independent trade unions should look after the best interest of the workers.
Consumerism
Mass Industry
Du Pont
Welfare Capitalism
49. Most women were stalled at middle management levels.
Franchisee
Glass Ceiling
Franchisor
Associative State
50. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Montgomery Ward
Post-Industrial Economy
Decentralized Management
Open Shop