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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. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Keynes Economic Theory
Mann-Elkins Act
Oligopoly
Corporate Management
2. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Decentralized Management
Conglomerates
Currency
3. Promote economic recovery in Europe.
Green Backs
Consumerism
Marshall Plan
Civil Rights Act
4. Corporate offices
Richard T. Ely
Oligopoly
Decentralized Management
Currency
5. A few firms dominate an industry. Price competition decreased.
Currency
Oligopoly
Montgomery Ward
William Taft
6. Sec. of Treasury under lincoln. Father of national Banking system.
Conglomerates
Social Responsibility
Hepburn Act
Salmon Chase
7. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Mircosoft
Marketing
Frederick Taylor
Franklin Roosevelt
8. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Mann-Elkins Act
Managerial Revolution
Employment & Production Act
Marketing
9. 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.
Industrial Democracy
Frederick Taylor
Civil Rights Act
Marketing
10. Business leaders sought to achieve cooperation among business - labor and government.
Bill Gates - Paul Allen
Du Pont
Employment & Production Act
Corporatism
11. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Managerial Revolution
Frederick Taylor
Bank Holidays
12. Companies had the right to manage. Union leaders.
Disposable Income
Bank Holidays
Marshall Plan
Taft Hartley Act
13. Items purchased by consumers for use over more than a year or two.
Marshall Plan
Green Backs
Corporatism
Consumer Durables
14. Developed the assembly line. Anti Union. Model T.
The Great Depression
Mass Industry
Henry Ford
Franchisee
15. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Taft Hartley Act
Deregulation
Marketing
Corporation
16. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Military Industrial Complex
Sears
Economic Prosperity
Social Responsibility
17. Committed her life to social reform - immigrant committee
Functional Departmentalization
Salmon Chase
Organization of Petroleum Exporting Countries
Francis Kellor
18. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Salmon Chase
Corporation
Most Favorited Nation
Decentralized Management
19. Free trade between US - Canada - Mexico
NAFTA
Post-Industrial Economy
Taft Hartley Act
Employment & Production Act
20. Creators of Microsoft
Taft Hartley Act
Bill Gates - Paul Allen
William Taft
Social Responsibility
21. Started as a gun powder company - Rate of return.
Consequences of Mergers
Decentralized Management
Post-Industrial Economy
Du Pont
22. Sought to break up the control of big business to create more opportunities.
Populism
Corporatism
Andrew Carnegie
Employment & Production Act
23. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Montgomery Ward
Oligopoly
Functional Departmentalization
The Great Depression
24. Sears.
Andrew Carnegie
Business Bureaucracies
Montgomery Ward
Populism
25. 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
Bill Gates - Paul Allen
Sherman Anti-Trust Act
Trade
26. Most favored nation. Trade barriers raised.
Gilded Age
Trade
Consumer Durables
Most Favorited Nation
27. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Union Shop
Corporation
Military Industrial Complex
Progressivism
28. Paper currency issued by the government to finance to civil war.
Green Backs
Trade
Progressivism
Most Favorited Nation
29. Control all aspects of an industry from raw materials to retail.
Closed Shop
Vertical Integration
Consequences of Mergers
Anti-trust Policy
30. Worked divided by specific tasks. i.e. accounting - production - ect.
Industrial Policy
Populism
Corporation
Functional Departmentalization
31. Let the people do as they please
Bill Gates - Paul Allen
Mircosoft
Laissez Faire
Civil War
32. Employers can hire whoever they want. Both union and non union.
Open Shop
Ralph Nader
Currency
Stagflation
33. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Henry Ford
Glass Ceiling
Open Shop
Richard T. Ely
34. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Montgomery Ward
Military Industrial Complex 2
Administrative pricing
35. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
William Taft
Mass Industry
Du Pont
Post-Industrial Economy
36. Workers would enjoy the rights of association and the ability to influence wage levels.
Civil Rights Act
Sears
Industrial Democracy
1913 Federal Reserve Board
37. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Green Backs
Andrew Carnegie
Trade
Du Pont
38. Alliance among public agencies - private firms and trade associations to handle international competitions.
U.S Chamber of Commerce
Industrial Policy
Anti-trust Policy
Andrew Carnegie
39. Most women were stalled at middle management levels.
Glass Ceiling
Leveraged Buyout
Oligopoly
The Great Depression
40. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Taft Hartley Act
Gilded Age
Vertical Integration
Decentralized Management
41. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Ralph Nader
Employment & Production Act
New Individualism
Managerial Revolution
42. Setting of prices by mangers of large firms.
Corporation
Ralph Nader
Industrial Policy
Administrative pricing
43. Could only hire union workers. Illegal
Military Industrial Complex 2
Associative State
Mircosoft
Closed Shop
44. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Post-Industrial Economy
Andrew Carnegie
Closed Shop
Ralph Nader
45. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Green Backs
Andrew Carnegie
The Great Depression
46. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Populism
John D. Rockafeller
1913 Federal Reserve Board
47. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Du Pont
Laissez Faire
Andrew Carnegie
Military Industrial Complex 2
48. Formalized business practices by standardized management practices.
Anti-trust Policy
Oligopoly
Managerial Revolution
1913 Federal Reserve Board
49. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Stagflation
Corporation
Economic Prosperity
Bank Holidays
50. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Economic Prosperity
Organization of Petroleum Exporting Countries
Ralph Nader
Populism