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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. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Union Shop
Marshall Plan
Organization of Petroleum Exporting Countries
2. Started as a gun powder company - Rate of return.
Corporate Management
Trade
Du Pont
Franklin Roosevelt
3. Panic of 1907 - 5 members - foreign transactions went through NY.
Ralph Nader
Hepburn Act
Bank Holidays
1913 Federal Reserve Board
4. 1929 stock market crashed
Franchisee
Associative State
Herbert Hoover
Most Favorited Nation
5. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
William Taft
Mann-Elkins Act
Gilded Age
Salmon Chase
6. Promote economic recovery in Europe.
Frederick Taylor
Andrew Carnegie
Marshall Plan
Green Backs
7. President. Standard oil - american tobacco - us steel.
Administrative pricing
William Taft
Herbert Hoover
Ralph Nader
8. Few companies combines forces to control production of sale of a product.
Green Backs
Most Favorited Nation
Taft Hartley Act
Horizontal Integration
9. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Corporatism
William Taft
Franchisor
10. Provided national advertising and mass production
Franchisor
Sears
Most Favorited Nation
Populism
11. Paper currency issued by the government to finance to civil war.
Military Industrial Complex 2
Franchisee
The Great Depression
Green Backs
12. Ultimate authority of nations economic well being shifted from private arena - to public arena.
William Taft
Consequences of Mergers
Employment & Production Act
Gilded Age
13. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Marketing
The Great Depression
Glass Ceiling
Booming American Automobile Industry
14. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Vertical Integration
William Taft
Open Prices
15. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Deregulation
Stagflation
Gilded Age
16. Sears.
Henry Ford
Andrew Carnegie
Social Responsibility
Montgomery Ward
17. Developed the assembly line. Anti Union. Model T.
Henry Ford
Anti-trust Policy
Andrew Carnegie
NAFTA
18. Let the people do as they please
Vertical Integration
William Taft
Laissez Faire
Horizontal Integration
19. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Business Bureaucracies
Corporate Management
Post-Industrial Economy
Glass Ceiling
20. Programs intended to stabilize the economy while maintaining individual autonomy.
Open Prices
Sears
Vertical Integration
Associative State
21. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Economic Prosperity
Oligopoly
Laissez Faire
Union Shop
22. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Herbert Hoover
Keynes Economic Theory
Civil Rights Act
Laissez Faire
23. Committed her life to social reform - immigrant committee
Military Industrial Complex 2
Francis Kellor
Stagflation
Organization of Petroleum Exporting Countries
24. American firms were poised to dominate economic activity in a system of free trade.
Post-Industrial Economy
Economic Prosperity
Anti-trust Policy
Sherman Anti-Trust Act
25. A few firms dominate an industry. Price competition decreased.
Currency
Oligopoly
Taft Hartley Act
Economic Prosperity
26. Employers can hire whoever they want. Both union and non union.
Taft Hartley Act
Open Shop
Glass Ceiling
Du Pont
27. Goal was to represent the interests of American business in general.
Andrew Carnegie
Bill Gates - Paul Allen
U.S Chamber of Commerce
Corporatism
28. Sec. of Treasury under lincoln. Father of national Banking system.
Sherman Anti-Trust Act
Consumer Durables
Marketing
Salmon Chase
29. Companies had the right to manage. Union leaders.
Corporatism
Sherman Anti-Trust Act
Taft Hartley Act
Hepburn Act
30. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Anti-trust Policy
Military Industrial Complex
Mass Industry
Consumerism
31. Most women were stalled at middle management levels.
Mass Industry
Currency
Green Backs
Glass Ceiling
32. Workers would enjoy the rights of association and the ability to influence wage levels.
Corporation
Hepburn Act
Industrial Democracy
Sears
33. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Horizontal Integration
Civil Rights Act
The Great Depression
Social Responsibility
34. Free trade between US - Canada - Mexico
Gilded Age
Industrial Policy
NAFTA
Keynes Economic Theory
35. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
The Great Depression
Frederick Taylor
New Individualism
Ralph Nader
36. Control all aspects of an industry from raw materials to retail.
Open Shop
Hostile Takeover
Vertical Integration
Keynes Economic Theory
37. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Ralph Nader
Du Pont
Social Responsibility
Consumer Durables
38. Creators of Microsoft
Bill Gates - Paul Allen
Associative State
Ralph Nader
Marketing
39. Most favored nation. Trade barriers raised.
Marketing
Vertical Integration
Trade
Consumerism
40. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Marketing
Organization of Petroleum Exporting Countries
Administrative pricing
Monetarism
41. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Bank Holidays
Decentralized Management
Franchisee
Ralph Nader
42. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Civil War
Franklin Roosevelt
Keynes Economic Theory
43. Setting of prices by mangers of large firms.
Welfare Capitalism
Economic Prosperity
Administrative pricing
Military Industrial Complex
44. Use of stock tender to offer to buy a company that did not want to sell.
Populism
Progressivism
U.S Chamber of Commerce
Hostile Takeover
45. Gold drain; exchange rates; free floating
Trade
Currency
Hostile Takeover
Consequences of Mergers
46. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Open Prices
Green Backs
Corporation
Deregulation
47. Corporate offices
University of PA
Monetarism
Glass Ceiling
Decentralized Management
48. Set of values that placed a higher priority on the use of good than on their production.
Disposable Income
Industrial Democracy
Franchisee
Consumerism
49. Could only hire union workers. Illegal
Civil Rights Act
Managerial Revolution
Associative State
Closed Shop
50. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Open Shop
Most Favorited Nation
Montgomery Ward
1913 Federal Reserve Board