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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. Use of stock tender to offer to buy a company that did not want to sell.
Frederick Taylor
Hostile Takeover
Hepburn Act
Bank Holidays
2. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Anti-trust Policy
Employment & Production Act
Open Prices
Bill Gates - Paul Allen
3. Free trade between US - Canada - Mexico
Deregulation
Decentralized Management
Taft Hartley Act
NAFTA
4. Set of values that placed a higher priority on the use of good than on their production.
Welfare Capitalism
Consumerism
Corporate Management
Civil Rights Act
5. Could only hire union workers. Illegal
Administrative pricing
Frederick Taylor
William Taft
Closed Shop
6. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Open Shop
Mass Industry
Bill Gates - Paul Allen
Leveraged Buyout
7. Employers can hire whoever they want. Both union and non union.
Economic Prosperity
Industrial Democracy
Open Shop
Consumerism
8. First college of business.
Bill Gates - Paul Allen
University of PA
Salmon Chase
Administrative pricing
9. Corporate offices
The Great Depression
Industrial Democracy
Du Pont
Decentralized Management
10. GM - Ford - and Chrysler dominated the market. GM=50% share
New Individualism
Corporate Management
Conglomerates
Booming American Automobile Industry
11. Developed the assembly line. Anti Union. Model T.
Frederick Taylor
Decentralized Management
Henry Ford
Welfare Capitalism
12. Provided national advertising and mass production
Gilded Age
Economic Prosperity
Managerial Revolution
Franchisor
13. Worlds largest provider of computer software for desktops.
Open Shop
Mircosoft
Military Industrial Complex
Associative State
14. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Industrial Policy
Corporatism
Glass Ceiling
Employment & Production Act
15. President. Standard oil - american tobacco - us steel.
Union Shop
Organization of Petroleum Exporting Countries
Currency
William Taft
16. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Deregulation
Franchisor
Mann-Elkins Act
New Individualism
17. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Industrial Policy
Henry Ford
Oligopoly
18. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Montgomery Ward
Functional Departmentalization
William Taft
19. Let the people do as they please
Laissez Faire
Sherman Anti-Trust Act
1913 Federal Reserve Board
Ralph Nader
20. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Populism
Industrial Policy
The Great Depression
Consumerism
21. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Marketing
1913 Federal Reserve Board
Currency
Andrew Carnegie
22. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Post-Industrial Economy
Conglomerates
Oligopoly
Civil Rights Act
23. Paper currency issued by the government to finance to civil war.
Taft Hartley Act
Green Backs
New Individualism
Consumer Durables
24. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Civil Rights Act
Bill Gates - Paul Allen
Social Responsibility
25. Promote economic recovery in Europe.
Hepburn Act
Marshall Plan
Glass Ceiling
Welfare Capitalism
26. Burden of proof to raise rates was now the responsibility of the railroads.
Andrew Carnegie
Glass Ceiling
Mann-Elkins Act
Montgomery Ward
27. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
NAFTA
Vertical Integration
Disposable Income
Anti-trust Policy
28. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Consumer Durables
Monetarism
Herbert Hoover
29. 1929 stock market crashed
1913 Federal Reserve Board
Herbert Hoover
Sherman Anti-Trust Act
Francis Kellor
30. Most women were stalled at middle management levels.
Populism
Consequences of Mergers
Vertical Integration
Glass Ceiling
31. Interstate Commerce Commission was strengthened. Regulated rates.
Franchisor
U.S Chamber of Commerce
Hepburn Act
Business Bureaucracies
32. Oil refining business. He was the first billionaire.
John D. Rockafeller
Herbert Hoover
Consequences of Mergers
Oligopoly
33. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Employment & Production Act
Most Favorited Nation
Gilded Age
34. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
NAFTA
Sears
Henry Ford
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.
The Great Depression
Closed Shop
Trade
Frederick Taylor
36. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Taft Hartley Act
Populism
Business Bureaucracies
Military Industrial Complex 2
37. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Sherman Anti-Trust Act
Organization of Petroleum Exporting Countries
Most Favorited Nation
Oligopoly
38. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
John D. Rockafeller
Employment & Production Act
Vertical Integration
39. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Franchisee
Hepburn Act
Marketing
Most Favorited Nation
40. Few companies combines forces to control production of sale of a product.
Trade
Decentralized Management
Sears
Horizontal Integration
41. Committed her life to social reform - immigrant committee
Disposable Income
Sears
Francis Kellor
Open Shop
42. Setting of prices by mangers of large firms.
Progressivism
Henry Ford
Mircosoft
Administrative pricing
43. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Union Shop
Social Responsibility
Populism
Leveraged Buyout
44. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Sherman Anti-Trust Act
Francis Kellor
William Taft
45. Companies had the right to manage. Union leaders.
Closed Shop
Decentralized Management
Taft Hartley Act
Keynes Economic Theory
46. 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.
Employment & Production Act
Marketing
Open Shop
Montgomery Ward
47. Congress established a national banking system.
Corporation
Civil War
Francis Kellor
Salmon Chase
48. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Franchisee
Corporation
Civil War
49. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Monetarism
Closed Shop
Military Industrial Complex 2
Franklin Roosevelt
50. Sears.
Progressivism
The Great Depression
Montgomery Ward
Francis Kellor