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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 borrowed money to buy company. Sometimes used to take 'stock private'
Marketing
Welfare Capitalism
Taft Hartley Act
Leveraged Buyout
2. Sears.
Montgomery Ward
Consumerism
Currency
John D. Rockafeller
3. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Marshall Plan
Gilded Age
Welfare Capitalism
4. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Civil War
Union Shop
Franchisor
Open Prices
5. President. Standard oil - american tobacco - us steel.
Ralph Nader
Herbert Hoover
William Taft
The Great Depression
6. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
John D. Rockafeller
Military Industrial Complex 2
Union Shop
7. Most women were stalled at middle management levels.
Glass Ceiling
Mann-Elkins Act
Trade
Laissez Faire
8. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Oligopoly
Post-Industrial Economy
Military Industrial Complex
Conglomerates
9. Sec. of Treasury under lincoln. Father of national Banking system.
Corporation
Salmon Chase
Leveraged Buyout
Oligopoly
10. Creators of Microsoft
Bill Gates - Paul Allen
Sherman Anti-Trust Act
New Individualism
Hostile Takeover
11. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Leveraged Buyout
Industrial Democracy
Marketing
Progressivism
12. Developed the assembly line. Anti Union. Model T.
Corporation
Employment & Production Act
Franklin Roosevelt
Henry Ford
13. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Conglomerates
Administrative pricing
Ralph Nader
Franchisee
14. Items purchased by consumers for use over more than a year or two.
Consumerism
Managerial Revolution
Consumer Durables
Business Bureaucracies
15. Urged the gov't to control the money supply in order to control inflation.
Economic Prosperity
Monetarism
Open Shop
Organization of Petroleum Exporting Countries
16. Promote economic recovery in Europe.
Franklin Roosevelt
Economic Prosperity
Marshall Plan
Currency
17. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Henry Ford
Union Shop
Business Bureaucracies
18. Could only hire union workers. Illegal
Oligopoly
Closed Shop
Open Shop
Corporation
19. Dominated the retail industry by mail order only selling.
Sears
New Individualism
Anti-trust Policy
Industrial Democracy
20. Paper currency issued by the government to finance to civil war.
Administrative pricing
Green Backs
Mircosoft
Gilded Age
21. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Decentralized Management
Monetarism
Franklin Roosevelt
22. GM - Ford - and Chrysler dominated the market. GM=50% share
Employment & Production Act
Corporation
Booming American Automobile Industry
Keynes Economic Theory
23. Employers can hire whoever they want. Both union and non union.
Administrative pricing
Open Shop
Civil War
1913 Federal Reserve Board
24. Companies had the right to manage. Union leaders.
Ralph Nader
Bill Gates - Paul Allen
U.S Chamber of Commerce
Taft Hartley Act
25. Free trade between US - Canada - Mexico
NAFTA
Civil War
Mircosoft
Franchisee
26. Income people could do with as the pleased.
Currency
Oligopoly
Disposable Income
Hepburn Act
27. Started as a gun powder company - Rate of return.
Social Responsibility
Du Pont
Civil Rights Act
Franchisor
28. Set of values that placed a higher priority on the use of good than on their production.
1913 Federal Reserve Board
Decentralized Management
Consumerism
Stagflation
29. Burden of proof to raise rates was now the responsibility of the railroads.
Oligopoly
New Individualism
Anti-trust Policy
Mann-Elkins Act
30. Business leaders sought to achieve cooperation among business - labor and government.
Administrative pricing
Du Pont
Sears
Corporatism
31. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Closed Shop
Deregulation
Richard T. Ely
The Great Depression
32. Sought to break up the control of big business to create more opportunities.
Corporation
Consumer Durables
Employment & Production Act
Populism
33. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
The Great Depression
Welfare Capitalism
Gilded Age
Post-Industrial Economy
34. Gold drain; exchange rates; free floating
Corporate Management
Industrial Democracy
Currency
Leveraged Buyout
35. Most favored nation. Trade barriers raised.
Oligopoly
Trade
Henry Ford
Taft Hartley Act
36. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Horizontal Integration
Managerial Revolution
Post-Industrial Economy
37. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
John D. Rockafeller
Gilded Age
Sherman Anti-Trust Act
Social Responsibility
38. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Currency
Populism
Franchisor
Union Shop
39. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Booming American Automobile Industry
Union Shop
Civil Rights Act
40. Worlds largest provider of computer software for desktops.
Oligopoly
Laissez Faire
Frederick Taylor
Mircosoft
41. Committed her life to social reform - immigrant committee
Francis Kellor
Disposable Income
Corporatism
Keynes Economic Theory
42. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Booming American Automobile Industry
Marketing
Sears
Bill Gates - Paul Allen
43. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Green Backs
Progressivism
Mass Industry
44. Oil refining business. He was the first billionaire.
Gilded Age
John D. Rockafeller
Managerial Revolution
Leveraged Buyout
45. Use of stock tender to offer to buy a company that did not want to sell.
Glass Ceiling
1913 Federal Reserve Board
Hostile Takeover
Corporatism
46. Interstate Commerce Commission was strengthened. Regulated rates.
Richard T. Ely
Hepburn Act
Leveraged Buyout
Horizontal Integration
47. Alliance among public agencies - private firms and trade associations to handle international competitions.
Economic Prosperity
Most Favorited Nation
Open Prices
Industrial Policy
48. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Administrative pricing
Mass Industry
Social Responsibility
Franklin Roosevelt
49. 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
Industrial Democracy
Deregulation
Managerial Revolution
50. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Civil War
1913 Federal Reserve Board
Administrative pricing