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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. Paper currency issued by the government to finance to civil war.
Frederick Taylor
Laissez Faire
Green Backs
Civil Rights Act
2. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Bank Holidays
Social Responsibility
Post-Industrial Economy
3. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Military Industrial Complex
Civil Rights Act
NAFTA
Mann-Elkins Act
4. Retailer - mail-order companies. Name brand products - advertising - catalogs.
New Individualism
Marketing
Mass Industry
Corporation
5. Urged the gov't to control the money supply in order to control inflation.
Managerial Revolution
Open Prices
Monetarism
Consumer Durables
6. Most favored nation. Trade barriers raised.
The Great Depression
Gilded Age
Keynes Economic Theory
Trade
7. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Welfare Capitalism
Du Pont
Military Industrial Complex 2
8. Could only hire union workers. Illegal
Consumer Durables
Closed Shop
University of PA
Bill Gates - Paul Allen
9. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Organization of Petroleum Exporting Countries
Glass Ceiling
Corporation
10. Formalized business practices by standardized management practices.
Managerial Revolution
Corporation
Hostile Takeover
Military Industrial Complex 2
11. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
New Individualism
Progressivism
Francis Kellor
12. Workers would enjoy the rights of association and the ability to influence wage levels.
Mass Industry
Horizontal Integration
Open Prices
Industrial Democracy
13. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Booming American Automobile Industry
Deregulation
Military Industrial Complex
Corporate Management
14. Creators of Microsoft
Mircosoft
Bill Gates - Paul Allen
Hepburn Act
Currency
15. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
The Great Depression
Social Responsibility
Conglomerates
Bank Holidays
16. Setting of prices by mangers of large firms.
Administrative pricing
Conglomerates
Bill Gates - Paul Allen
New Individualism
17. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Taft Hartley Act
Bill Gates - Paul Allen
Corporate Management
18. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Franchisee
Progressivism
Hostile Takeover
Franchisor
19. Burden of proof to raise rates was now the responsibility of the railroads.
Trade
Mann-Elkins Act
Stagflation
Consumer Durables
20. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Currency
Green Backs
Military Industrial Complex 2
Trade
21. Goal was to represent the interests of American business in general.
Marketing
Associative State
Salmon Chase
U.S Chamber of Commerce
22. Gold drain; exchange rates; free floating
Open Prices
Keynes Economic Theory
Consumer Durables
Currency
23. Worlds largest provider of computer software for desktops.
Mircosoft
Business Bureaucracies
Most Favorited Nation
Employment & Production Act
24. Congress established a national banking system.
Deregulation
Herbert Hoover
Civil War
New Individualism
25. Companies had the right to manage. Union leaders.
Taft Hartley Act
Franchisee
Social Responsibility
John D. Rockafeller
26. Panic of 1907 - 5 members - foreign transactions went through NY.
Monetarism
1913 Federal Reserve Board
Hepburn Act
Currency
27. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Managerial Revolution
Richard T. Ely
1913 Federal Reserve Board
Henry Ford
28. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Salmon Chase
Most Favorited Nation
Marketing
29. American firms were poised to dominate economic activity in a system of free trade.
Stagflation
Economic Prosperity
Horizontal Integration
Corporation
30. Provided national advertising and mass production
Mass Industry
John D. Rockafeller
Bank Holidays
Franchisor
31. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Anti-trust Policy
Open Prices
Union Shop
Corporate Management
32. Developed the assembly line. Anti Union. Model T.
Trade
John D. Rockafeller
Henry Ford
Consequences of Mergers
33. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Mircosoft
Francis Kellor
Henry Ford
Anti-trust Policy
34. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Du Pont
Business Bureaucracies
Richard T. Ely
Consequences of Mergers
35. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Anti-trust Policy
Horizontal Integration
Andrew Carnegie
Marketing
36. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Glass Ceiling
Deregulation
Consumerism
37. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Franchisor
Civil War
Marshall Plan
38. Sears.
U.S Chamber of Commerce
Montgomery Ward
Marketing
Administrative pricing
39. First college of business.
Green Backs
Organization of Petroleum Exporting Countries
Industrial Policy
University of PA
40. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Marketing
Disposable Income
Currency
Open Prices
41. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Corporatism
University of PA
Gilded Age
42. Business leaders sought to achieve cooperation among business - labor and government.
The Great Depression
Du Pont
Corporatism
Industrial Policy
43. Free trade between US - Canada - Mexico
Anti-trust Policy
Horizontal Integration
NAFTA
Mass Industry
44. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Glass Ceiling
Mircosoft
Francis Kellor
45. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
1913 Federal Reserve Board
Organization of Petroleum Exporting Countries
Glass Ceiling
46. Use of stock tender to offer to buy a company that did not want to sell.
Keynes Economic Theory
Employment & Production Act
Sherman Anti-Trust Act
Hostile Takeover
47. 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.
Corporation
Trade
Francis Kellor
Marketing
48. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex
Richard T. Ely
Oligopoly
Herbert Hoover
49. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Organization of Petroleum Exporting Countries
Keynes Economic Theory
Civil War
Civil Rights Act
50. Promote economic recovery in Europe.
Post-Industrial Economy
Mann-Elkins Act
Laissez Faire
Marshall Plan