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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. Burden of proof to raise rates was now the responsibility of the railroads.
Du Pont
Bank Holidays
Mann-Elkins Act
Civil Rights Act
2. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Stagflation
Glass Ceiling
Closed Shop
Post-Industrial Economy
3. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
NAFTA
Frederick Taylor
U.S Chamber of Commerce
4. Committed her life to social reform - immigrant committee
Richard T. Ely
Business Bureaucracies
Trade
Francis Kellor
5. 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
Bill Gates - Paul Allen
Anti-trust Policy
Currency
6. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Currency
Corporate Management
Managerial Revolution
The Great Depression
7. Congress established a national banking system.
Bill Gates - Paul Allen
Glass Ceiling
Oligopoly
Civil War
8. Gold drain; exchange rates; free floating
Sherman Anti-Trust Act
Civil War
Industrial Policy
Currency
9. GM - Ford - and Chrysler dominated the market. GM=50% share
Consequences of Mergers
Welfare Capitalism
Booming American Automobile Industry
Salmon Chase
10. Inflation continued in the absence of robust economic growth.
Andrew Carnegie
Keynes Economic Theory
Post-Industrial Economy
Stagflation
11. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
John D. Rockafeller
Green Backs
Corporation
12. Employers can hire whoever they want. Both union and non union.
Corporate Management
Administrative pricing
Open Shop
NAFTA
13. Paper currency issued by the government to finance to civil war.
Union Shop
Gilded Age
Stagflation
Green Backs
14. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Laissez Faire
The Great Depression
New Individualism
NAFTA
15. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Mann-Elkins Act
Hepburn Act
Consumer Durables
16. Set of values that placed a higher priority on the use of good than on their production.
Employment & Production Act
Conglomerates
Franchisee
Consumerism
17. First college of business.
Sears
Marshall Plan
Sherman Anti-Trust Act
University of PA
18. Started as a gun powder company - Rate of return.
Du Pont
University of PA
Francis Kellor
Franklin Roosevelt
19. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Richard T. Ely
Civil Rights Act
Social Responsibility
Post-Industrial Economy
20. Provided national advertising and mass production
Industrial Democracy
Sears
Keynes Economic Theory
Franchisor
21. Developed the assembly line. Anti Union. Model T.
Bill Gates - Paul Allen
University of PA
Henry Ford
Glass Ceiling
22. Few companies combines forces to control production of sale of a product.
University of PA
Military Industrial Complex 2
Horizontal Integration
Gilded Age
23. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Laissez Faire
U.S Chamber of Commerce
Military Industrial Complex 2
24. Free trade between US - Canada - Mexico
Administrative pricing
Bank Holidays
NAFTA
Richard T. Ely
25. Worlds largest provider of computer software for desktops.
Open Prices
Trade
Henry Ford
Mircosoft
26. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Welfare Capitalism
Organization of Petroleum Exporting Countries
Richard T. Ely
Du Pont
27. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Consumer Durables
Henry Ford
Corporation
Marketing
28. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Marshall Plan
Richard T. Ely
Montgomery Ward
Anti-trust Policy
29. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Taft Hartley Act
Franchisor
Booming American Automobile Industry
30. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Closed Shop
William Taft
Conglomerates
Business Bureaucracies
31. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Most Favorited Nation
Hostile Takeover
Military Industrial Complex
32. Oil refining business. He was the first billionaire.
Hostile Takeover
Andrew Carnegie
Sears
John D. Rockafeller
33. American firms were poised to dominate economic activity in a system of free trade.
Progressivism
Union Shop
Economic Prosperity
Sears
34. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Employment & Production Act
Anti-trust Policy
Industrial Policy
Andrew Carnegie
35. President. Standard oil - american tobacco - us steel.
Bill Gates - Paul Allen
William Taft
Mircosoft
Andrew Carnegie
36. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Taft Hartley Act
Sherman Anti-Trust Act
Horizontal Integration
Employment & Production Act
37. Alliance among public agencies - private firms and trade associations to handle international competitions.
Disposable Income
Industrial Policy
Economic Prosperity
Bill Gates - Paul Allen
38. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Horizontal Integration
Sherman Anti-Trust Act
Taft Hartley Act
Franchisor
39. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Corporate Management
Post-Industrial Economy
Hepburn Act
40. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Union Shop
Franchisee
Social Responsibility
41. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Employment & Production Act
Union Shop
Marketing
Conglomerates
42. 1929 stock market crashed
Oligopoly
Herbert Hoover
Henry Ford
Montgomery Ward
43. Promote economic recovery in Europe.
Deregulation
Salmon Chase
Marshall Plan
Union Shop
44. Business leaders sought to achieve cooperation among business - labor and government.
Corporation
Monetarism
Corporatism
Oligopoly
45. Transportation. Airline Act. Rail Act. Motor Carrier Act.
U.S Chamber of Commerce
Booming American Automobile Industry
Deregulation
Progressivism
46. Formalized business practices by standardized management practices.
Currency
Horizontal Integration
Managerial Revolution
The Great Depression
47. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Taft Hartley Act
Montgomery Ward
Franchisee
Business Bureaucracies
48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Business Bureaucracies
Economic Prosperity
Gilded Age
Richard T. Ely
49. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Business Bureaucracies
Mircosoft
Civil Rights Act
1913 Federal Reserve Board
50. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Franchisee
Mass Industry
Horizontal Integration
Laissez Faire