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Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Mircosoft
Organization of Petroleum Exporting Countries
Du Pont
Salmon Chase
2. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Open Prices
Economic Prosperity
Functional Departmentalization
3. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Open Shop
Ralph Nader
Functional Departmentalization
Military Industrial Complex
4. Formalized business practices by standardized management practices.
Managerial Revolution
Currency
Corporation
Taft Hartley Act
5. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Hostile Takeover
Du Pont
New Individualism
Disposable Income
6. Provided national advertising and mass production
Civil War
Franchisor
Mircosoft
Sears
7. 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.
Marketing
Corporatism
Sherman Anti-Trust Act
Consumerism
8. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Civil War
Sears
Post-Industrial Economy
9. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Franklin Roosevelt
William Taft
U.S Chamber of Commerce
Military Industrial Complex
10. Set of values that placed a higher priority on the use of good than on their production.
Taft Hartley Act
Consumerism
Marketing
Conglomerates
11. Goal was to represent the interests of American business in general.
Du Pont
U.S Chamber of Commerce
1913 Federal Reserve Board
Union Shop
12. 1929 stock market crashed
Conglomerates
Herbert Hoover
Laissez Faire
Marketing
13. Sec. of Treasury under lincoln. Father of national Banking system.
Conglomerates
Organization of Petroleum Exporting Countries
Salmon Chase
Civil Rights Act
14. Panic of 1907 - 5 members - foreign transactions went through NY.
Economic Prosperity
1913 Federal Reserve Board
The Great Depression
Horizontal Integration
15. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Industrial Democracy
Civil Rights Act
Open Prices
1913 Federal Reserve Board
16. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Military Industrial Complex
Conglomerates
Mass Industry
Francis Kellor
17. Dominated the retail industry by mail order only selling.
Andrew Carnegie
Sears
Corporation
Progressivism
18. Companies had the right to manage. Union leaders.
Taft Hartley Act
Franchisor
Corporation
Populism
19. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Taft Hartley Act
Mircosoft
Employment & Production Act
20. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Du Pont
Industrial Policy
Military Industrial Complex
21. Congress established a national banking system.
Functional Departmentalization
Civil War
William Taft
1913 Federal Reserve Board
22. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Laissez Faire
Open Prices
Conglomerates
Booming American Automobile Industry
23. Most women were stalled at middle management levels.
Consequences of Mergers
Herbert Hoover
Marketing
Glass Ceiling
24. Worlds largest provider of computer software for desktops.
Conglomerates
Mircosoft
Decentralized Management
Managerial Revolution
25. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Sears
Welfare Capitalism
Conglomerates
Marketing
26. First college of business.
Organization of Petroleum Exporting Countries
Industrial Policy
University of PA
Consumer Durables
27. Setting of prices by mangers of large firms.
Open Shop
Open Prices
Administrative pricing
Stagflation
28. American firms were poised to dominate economic activity in a system of free trade.
Taft Hartley Act
Open Shop
Keynes Economic Theory
Economic Prosperity
29. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Herbert Hoover
Military Industrial Complex
Civil War
30. Corporate offices
Decentralized Management
Sears
Taft Hartley Act
Gilded Age
31. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Mircosoft
Andrew Carnegie
Military Industrial Complex 2
32. President. Standard oil - american tobacco - us steel.
William Taft
Monetarism
New Individualism
Currency
33. Worked divided by specific tasks. i.e. accounting - production - ect.
Glass Ceiling
Functional Departmentalization
Progressivism
Laissez Faire
34. Could only hire union workers. Illegal
Closed Shop
Oligopoly
Franchisee
Andrew Carnegie
35. 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.
Mass Industry
Du Pont
Frederick Taylor
Gilded Age
36. Committed her life to social reform - immigrant committee
Frederick Taylor
Monetarism
Corporation
Francis Kellor
37. Gold drain; exchange rates; free floating
John D. Rockafeller
Salmon Chase
Currency
University of PA
38. Income people could do with as the pleased.
Frederick Taylor
Functional Departmentalization
Disposable Income
Populism
39. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Industrial Democracy
Gilded Age
Consumerism
40. Sought to break up the control of big business to create more opportunities.
Functional Departmentalization
Populism
Closed Shop
Union Shop
41. Employers can hire whoever they want. Both union and non union.
Open Shop
Laissez Faire
Closed Shop
Union Shop
42. Control all aspects of an industry from raw materials to retail.
Booming American Automobile Industry
Mircosoft
Social Responsibility
Vertical Integration
43. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Henry Ford
Hepburn Act
Monetarism
44. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Marshall Plan
Open Prices
Consequences of Mergers
45. Alliance among public agencies - private firms and trade associations to handle international competitions.
Functional Departmentalization
Industrial Policy
Conglomerates
Mann-Elkins Act
46. A few firms dominate an industry. Price competition decreased.
Welfare Capitalism
Marketing
Mircosoft
Oligopoly
47. Let the people do as they please
Keynes Economic Theory
Associative State
Laissez Faire
Deregulation
48. GM - Ford - and Chrysler dominated the market. GM=50% share
Military Industrial Complex 2
Booming American Automobile Industry
Montgomery Ward
Glass Ceiling
49. Started as a gun powder company - Rate of return.
Anti-trust Policy
Marketing
Du Pont
Economic Prosperity
50. Business - not independent trade unions should look after the best interest of the workers.
Corporate Management
Consumerism
Decentralized Management
Welfare Capitalism
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