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Test your basic knowledge |
Management 101: Business History
Start Test
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. Use of stock tender to offer to buy a company that did not want to sell.
Closed Shop
John D. Rockafeller
Hostile Takeover
New Individualism
2. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Horizontal Integration
Franchisee
Montgomery Ward
3. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Union Shop
Corporate Management
Consumerism
Administrative pricing
4. Companies had the right to manage. Union leaders.
Oligopoly
Corporation
Most Favorited Nation
Taft Hartley Act
5. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Keynes Economic Theory
Laissez Faire
Corporate Management
Sherman Anti-Trust Act
6. Worked divided by specific tasks. i.e. accounting - production - ect.
Du Pont
Vertical Integration
Functional Departmentalization
Welfare Capitalism
7. GM - Ford - and Chrysler dominated the market. GM=50% share
Marketing
Franchisee
Booming American Automobile Industry
Civil Rights Act
8. Free trade between US - Canada - Mexico
NAFTA
The Great Depression
Hepburn Act
Consumerism
9. Set of values that placed a higher priority on the use of good than on their production.
Corporate Management
Franchisor
Consumerism
Vertical Integration
10. Interstate Commerce Commission was strengthened. Regulated rates.
Decentralized Management
Bill Gates - Paul Allen
Administrative pricing
Hepburn Act
11. Workers would enjoy the rights of association and the ability to influence wage levels.
Associative State
1913 Federal Reserve Board
Green Backs
Industrial Democracy
12. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Closed Shop
Military Industrial Complex
Horizontal Integration
University of PA
13. Promote economic recovery in Europe.
Keynes Economic Theory
Mass Industry
Marshall Plan
Glass Ceiling
14. A few firms dominate an industry. Price competition decreased.
Managerial Revolution
Oligopoly
Corporatism
Trade
15. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Franchisor
Consumer Durables
Welfare Capitalism
16. First college of business.
University of PA
Bill Gates - Paul Allen
Open Prices
Closed Shop
17. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Keynes Economic Theory
NAFTA
Marketing
18. Few companies combines forces to control production of sale of a product.
Social Responsibility
Corporation
New Individualism
Horizontal Integration
19. Worlds largest provider of computer software for desktops.
Consumer Durables
Mircosoft
Open Shop
Franklin Roosevelt
20. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Franklin Roosevelt
Open Prices
Employment & Production Act
21. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Marketing
The Great Depression
Mann-Elkins Act
22. Most women were stalled at middle management levels.
Organization of Petroleum Exporting Countries
Glass Ceiling
Military Industrial Complex
Most Favorited Nation
23. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Decentralized Management
Consumer Durables
Richard T. Ely
Ralph Nader
24. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Mircosoft
Francis Kellor
Organization of Petroleum Exporting Countries
Richard T. Ely
25. Formalized business practices by standardized management practices.
Managerial Revolution
Franchisor
University of PA
Henry Ford
26. Employers can hire whoever they want. Both union and non union.
Stagflation
Open Shop
Managerial Revolution
Marketing
27. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Open Prices
Franklin Roosevelt
Mircosoft
Hepburn Act
28. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Economic Prosperity
1913 Federal Reserve Board
Open Prices
Military Industrial Complex 2
29. Committed her life to social reform - immigrant committee
Herbert Hoover
Hepburn Act
Francis Kellor
Monetarism
30. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
1913 Federal Reserve Board
Andrew Carnegie
Booming American Automobile Industry
University of PA
31. Paper currency issued by the government to finance to civil war.
Du Pont
Green Backs
Populism
U.S Chamber of Commerce
32. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Associative State
Populism
Marketing
Industrial Democracy
33. Oil refining business. He was the first billionaire.
John D. Rockafeller
Disposable Income
Frederick Taylor
Sears
34. Inflation continued in the absence of robust economic growth.
Stagflation
Industrial Democracy
1913 Federal Reserve Board
Frederick Taylor
35. 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.
Du Pont
Booming American Automobile Industry
Oligopoly
Marketing
36. 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.
Most Favorited Nation
Organization of Petroleum Exporting Countries
Frederick Taylor
Horizontal Integration
37. Items purchased by consumers for use over more than a year or two.
Bill Gates - Paul Allen
Military Industrial Complex
Consumer Durables
Frederick Taylor
38. Started as a gun powder company - Rate of return.
Currency
Progressivism
Du Pont
Hostile Takeover
39. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Leveraged Buyout
Most Favorited Nation
The Great Depression
Consequences of Mergers
40. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Hostile Takeover
Military Industrial Complex
New Individualism
41. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Closed Shop
Sears
Post-Industrial Economy
The Great Depression
42. Business leaders sought to achieve cooperation among business - labor and government.
Green Backs
Associative State
Hepburn Act
Corporatism
43. Congress established a national banking system.
Civil War
Taft Hartley Act
Richard T. Ely
Currency
44. Control all aspects of an industry from raw materials to retail.
Consumer Durables
William Taft
Vertical Integration
Functional Departmentalization
45. Dominated the retail industry by mail order only selling.
U.S Chamber of Commerce
William Taft
Military Industrial Complex
Sears
46. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Montgomery Ward
U.S Chamber of Commerce
Mass Industry
Bank Holidays
47. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Managerial Revolution
New Individualism
Open Shop
Deregulation
48. Corporate offices
Economic Prosperity
Glass Ceiling
Ralph Nader
Decentralized Management
49. Setting of prices by mangers of large firms.
Mass Industry
Green Backs
Sherman Anti-Trust Act
Administrative pricing
50. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
John D. Rockafeller
Organization of Petroleum Exporting Countries
Civil Rights Act
Decentralized Management