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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. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Functional Departmentalization
Currency
Deregulation
Richard T. Ely
2. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Marketing
Civil Rights Act
Deregulation
Hostile Takeover
3. Employers can hire whoever they want. Both union and non union.
Consumer Durables
Corporation
Open Shop
Managerial Revolution
4. Free trade between US - Canada - Mexico
NAFTA
Civil War
Business Bureaucracies
Marketing
5. Reduction in diversification. Reduction in layers of management.
Closed Shop
Consequences of Mergers
Francis Kellor
Franchisee
6. Sears.
Montgomery Ward
Economic Prosperity
Laissez Faire
Closed Shop
7. Business - not independent trade unions should look after the best interest of the workers.
Francis Kellor
Welfare Capitalism
Most Favorited Nation
Corporatism
8. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
William Taft
Functional Departmentalization
Anti-trust Policy
Ralph Nader
9. Worlds largest provider of computer software for desktops.
William Taft
Most Favorited Nation
Populism
Mircosoft
10. Setting of prices by mangers of large firms.
Administrative pricing
Economic Prosperity
Montgomery Ward
Stagflation
11. Could only hire union workers. Illegal
Booming American Automobile Industry
Civil Rights Act
Bank Holidays
Closed Shop
12. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Bank Holidays
Corporation
Post-Industrial Economy
13. Oil refining business. He was the first billionaire.
Booming American Automobile Industry
John D. Rockafeller
Consumerism
Hostile Takeover
14. Income people could do with as the pleased.
Disposable Income
Oligopoly
University of PA
Franchisor
15. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Economic Prosperity
Military Industrial Complex 2
Welfare Capitalism
Post-Industrial Economy
16. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
1913 Federal Reserve Board
Trade
Ralph Nader
17. Alliance among public agencies - private firms and trade associations to handle international competitions.
Stagflation
Keynes Economic Theory
Industrial Policy
Marketing
18. Inflation continued in the absence of robust economic growth.
Consumer Durables
Stagflation
Decentralized Management
Green Backs
19. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Bill Gates - Paul Allen
Deregulation
John D. Rockafeller
20. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Post-Industrial Economy
Business Bureaucracies
Most Favorited Nation
Marketing
21. Use borrowed money to buy company. Sometimes used to take 'stock private'
Marketing
Open Prices
Leveraged Buyout
Anti-trust Policy
22. Dominated the retail industry by mail order only selling.
Managerial Revolution
Sears
Sherman Anti-Trust Act
Most Favorited Nation
23. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Gilded Age
Mass Industry
Sherman Anti-Trust Act
Laissez Faire
24. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Salmon Chase
Civil Rights Act
Union Shop
Business Bureaucracies
25. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Hostile Takeover
Mann-Elkins Act
New Individualism
Trade
26. Started as a gun powder company - Rate of return.
New Individualism
Richard T. Ely
Du Pont
Union Shop
27. Companies had the right to manage. Union leaders.
University of PA
Taft Hartley Act
Closed Shop
Civil War
28. Items purchased by consumers for use over more than a year or two.
Marketing
Herbert Hoover
Consumer Durables
Oligopoly
29. 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
Open Prices
Industrial Democracy
Industrial Policy
30. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Vertical Integration
Francis Kellor
Trade
Progressivism
31. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Trade
Andrew Carnegie
Mann-Elkins Act
Populism
32. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Salmon Chase
Gilded Age
Marketing
Herbert Hoover
33. Provided national advertising and mass production
NAFTA
Richard T. Ely
Franchisor
Glass Ceiling
34. Programs intended to stabilize the economy while maintaining individual autonomy.
Ralph Nader
Associative State
Bill Gates - Paul Allen
Conglomerates
35. Sec. of Treasury under lincoln. Father of national Banking system.
New Individualism
Bill Gates - Paul Allen
Hostile Takeover
Salmon Chase
36. Business leaders sought to achieve cooperation among business - labor and government.
Green Backs
Corporatism
Anti-trust Policy
Progressivism
37. President. Standard oil - american tobacco - us steel.
Welfare Capitalism
Leveraged Buyout
Montgomery Ward
William Taft
38. Sought to break up the control of big business to create more opportunities.
Consumer Durables
Populism
Herbert Hoover
Frederick Taylor
39. Panic of 1907 - 5 members - foreign transactions went through NY.
Civil War
Currency
1913 Federal Reserve Board
Conglomerates
40. 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.
Organization of Petroleum Exporting Countries
Taft Hartley Act
Ralph Nader
Marketing
41. Gold drain; exchange rates; free floating
Currency
Marketing
Oligopoly
Administrative pricing
42. Worked divided by specific tasks. i.e. accounting - production - ect.
Bank Holidays
Functional Departmentalization
Hepburn Act
Monetarism
43. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Monetarism
William Taft
Taft Hartley Act
44. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Taft Hartley Act
Corporation
Stagflation
Sherman Anti-Trust Act
45. Let the people do as they please
Francis Kellor
Laissez Faire
Franchisor
Marketing
46. First college of business.
Taft Hartley Act
Monetarism
Anti-trust Policy
University of PA
47. Urged the gov't to control the money supply in order to control inflation.
Civil War
Monetarism
Industrial Policy
Leveraged Buyout
48. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Conglomerates
Corporation
U.S Chamber of Commerce
Marketing
49. GM - Ford - and Chrysler dominated the market. GM=50% share
John D. Rockafeller
Booming American Automobile Industry
Populism
Du Pont
50. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Military Industrial Complex 2
University of PA
Laissez Faire
Union Shop